Crazy arse financial woes

So apparently its in the worlds best interest to give major banks/credit agencies in the USA 700 Billion dollars. Not just the USA, but the entire freakin world. All supposedly caused by the sub prime mortgage crap that morons pulled.

Check this.
$700 billion is what has been spent in the middle east wars the last little while

$700 billion would be like buying 2 Million $350,000 homes.

Know how many homes had default mortgages in 2007? 1.3 million.

Why did many of the mortgages default? The real answer? Because banks refused to renew mortgages for houses that were purchasd at too high of a value. No new financing meant the people would have had to come up with several hundred thousand overnight.

So... who gave these loans for houses at too high of a value... oh thats right.. the banks.

Why are the investors in these banks not on the hooks? The banks that for several years have been reporting supposed profit in the 10s of and 100s of billions of dollars per year. Profit that has simply be given back to the shareholders. Seems to me that profit was given out improperly, perhaps the shareholders need to have that money clawed back?


And so what do we end up with in the end? The American government being one of the dominant players in the financial market. How crazy is that? The most "capitalistic" country in the world, being dominated by its own government in the financial industry. And who owns all the debt of the US government? That would be for the most part the Chinese.

Seems to me that perhaps, the communists won the cold war, instead of the other way around.