Letter to the editor-Palov

Reading “Dr.” Palov’s editorial in Tuesday’s paper got me to wondering if we will really make as a country. Not sure if he is a paid member of the DNC or what…

I’m not going to go into detail, anyone with an internet connection and half hour can find out whom and what really caused this crisis, I would just like to ask Dr Palov a few questions.

1. Who put the Community Reinvestment Act on steroids forcing banks to make sub prime loans to unqualified buyers? A) Bill Clinton B) Donald Duck C) Wonder Girl.

2. Who sued Citi Bank forcing them to make Sub prime loans to unqualified buyers? A) Batman B) Barack Obama C) Goofy.

3. What organization was tied to the hip with Countrywide Mortgage that led the way with sub prime lending? A) Reno Aces B) Wal-Mart C) ACRON.

4. Who blocked efforts of the Bush Administration to regulate Fannie Mae and Freddie Mac from 2001-2006? A) Rush Limbaugh and Sean Hannity B) Barney Frank and Chris Dodd C) The Dixie Chicks.

I agree that we should go after the greedy that caused this crisis, the only problem for Dr. Paslov is that our current President would have to bring a new cabinet. As one reporter wrote in September 2008 “You can’t swing a cat in the Obama Headquarters without hitting a sub prime, junk mortgage failed bank executive or CEO”.

Let me put this in terms even Dr. Paslov can understand. This current crisis was caused directly by the actions of a very small but politically powerful group of democrats, not by tax breaks for the wealthy or unregulated markets. It is another failed social experiment that made this small group of democrats very rich while we tax payers have to pick up the bill. Worst still is many of innocent people who really have played by the rules have had their savings and jobs wiped out. And to top it off Dr. Paslov and his buddies have put my two teenage sons so far in debt they will likely never get out of it.

I would expect a former state School Superintendent to be able to think a little deeper than an indoctrinated college junior, however maybe that’s why we have a –in his own words- failed k-12 school system.