One of the more interesting bailout-payer (formerly taxpayer) rackets is the Fannie, Freddie, Ginnie bond bailout that will cost American bailout-payers a cool TRILLION (at least). But the beauty of the trap is to keep milking you dry under the auspices of, “If we don’t rob you to prop up mortgage-backed securities, your home value collapses further, so we can take it out of your pay now, or we can take it out of your home later, but either way, if you own a home, have a job and are current on your mortgage … we’re taking it, comrade.”

Well of course you are, Big Brother Bailout. After all, if it sounds like we’re successful individuals, we’re ripe to rob as punishment for being solvent until we’re finally all sucked into your “collective” of Nanny State losers, rewarded for being loyal-but-useless debt-serf dependants.

And the money, just like with AIG, goes ”round the horn” to the investment banks holding worthless securities, and hedge funds holding worthless GSE bonds like Bill Gross’ PIMCO - of course they want these private bonds to be backed by a taxpayer guarantee – otherwise they’ll take a huge BATH, as will the Too Big to Fail owners of the FED (and the FED laundry book) along with their shareholders–and the losers in the system would take the loss on the fraudulent MBS and CDO’s on their balance sheets. GOD FORBID that global debt bookies be put out of business when they’re running such a wonderful Ponzi scheme to prop up the value of the bailout-payer’s homes.

Ohhhh, you naughty debt serfs. There’s a slave born everyday. You say you’d rather let the failures fail, go bankrupt, screw the shareholders and hedge funds–damn it all, let my property value find it’s real world beta?

Not a chance, little man … not a chance. Not until every one of you realizes there isn’t a chance in Hell to bring these property’s back to 2004 levels … not even  in your kiddie’s lifetime. With employment collapsing, foreclosures spiraling, bailouts of any and all forms of failure at every turn—you’re not gettin’ outta this scam until you’re all bled dry, so … step in line slave and watch the amazing world wide bailout. There’s a new pea, under a new shell every day. And when all the hands have slighted and all the smoke clears and the mirrors go back behind the curtains, it’s the “too corrupt to fails” that celebrate the big payout with your CONfidence payments.

And after we’ve cleaned you out, then and only then will we let your little houses sink to their new normal–after you’ve bailed out the fantasy values we sodomized you with, and you take all the losses on the scam instead of us.

And don’t think you’re little State banks are gonna save the day either, with their 2% mortgages and 6% CDs. We’re never gonna let that happen. You just don’t know who you’re dealing with here.

We’re the 25 old farts who resurrected the debt Dominatrix that rules the world, and we got you by the short and curlies, so … step right up and play into our sordid bailout CON like the bubble-sucking wannabe’s you really are. That’s right, make way, make way, plenty a room for more slaves to kneel right here. Don’t push, don’t crowd, just step into that long, long line of losers on the way to our beautiful new compound and get your free shower tickets from Frau Bailout here.

Don’t worry about that funny smell, there’s plenty of fresh hot water coming outta those shower heads, so step in line now … there’s a good boy. Lick it first … There ya go now.

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