Apparently the Murcan People Who Play By The Rules, which is most of us, are Furious At Those Who Live Beyond Their Means.
Those people being, of course, the working poor and middle class who got ripped off with variable interest mortgages, outright fraud and assorted criminality. They are The Undeserving Who Must Be Blamed As a Class, because Grandma Millie should have realized her mortgage agent might forge her signature and stick her with an ARM, and she really should have realized that the whole tranche thing was a house of cards supported by the ratings agencies, and unless she’s a complete moron she should have known that Uncle Allen was creating cheap money to make up for the tech bubble bust, thus creating a classic bubble in housing.
I don’t know about you, but I freakin’ hate Grandma Millie, she’s scum and I don’t want to help her because you know I am one heartless bastard. Plus she didn’t learn a damn thing eight years ago when we shut off her electricity, the poor old dear.
Tranches, even though rarely discussed, are very very cool though. The Tranche Class will now be put in charge of saving all of us, live on CNBC.
It’s not class warfare if the sewage flows downhill.