8/9/11

The housing hole is a sprawl hole

Bank of America Is Back in an Abyss - NYTimes.com

Sure the banks are no longer made of marble but of bad loans and recriminations
Sure the banks are no longer under Glass-Steagall
But rather under the spell of trading in which customers become enemies or marks or suckers
Good going Phil Gramm and other intelligent economic scholars
Rubin Summers whoever you are
We are clearly revving up for the second scoop
And this will be more serious than the first
Because as I have said to no major hearing thus far
This is all a function of the impetus to sprawl which is racist in origin and aimed at escaping the realities of face to face contact with the wonder that America is becoming
We will become that wonder with tacks and chewing gum when money has no more value
We will educate our children when they express interest in this or that
We will go back to face to face
And helping
And tolerating
And end the dreamy nightmare we have been wandering in
I saw this coming
I got out because the wingnuts were ascending
It will probably make no difference
I wonder if we will continue to be entertained by the spectacle that is about to unfold
Just remember when people talk about the economy recovering
Think of economy as rehab in the lexicon of the late Amy Winehouse
We want a recovery of community and we will get it one way or another

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