BAILOUT!

A MATTER OF PERSPECTIVE

I bought a house.

I bought the right to pay city/state property taxes.
I bought the right to pay a water bill.
I bought the right to pay a city garbage pick-up bill.

I bought the right to pay an electric bill.
I bought the right to pay a home heating bill.

I bought the right to pay mortgage interest.
I bought the right to pay liability insurance for the bank's property.
I bought the right to pay property insurance for the bank's property.

My city raised my property taxes.
My city raised my water bill.
My city raised my garbage pick-up bill.
My city raised the sales taxes on my electric bill.
My city raised the sales taxes on my home heating bill.

My mortgage company raised the interest payment for my mortgage.
My mortgage company raised the insurance escrow payment for my mortgage.

My employer did not raise my wages.

I tried to sell my house, but the bank would not lend money to possible buyers.

I discontinued the utilities, told the bank they could keep their house, and moved in with my family.

Now the bank must pay the City/State property taxes.
Now the bank must pay the service fee and taxes for my water bill.

Oops! Wrong!

Now the U.S.taxpayer must pay the bank's property taxes and water bill because the Federal government bailed the bank out!

So, the federal government bailed-out the city and state governments. Is this called inter-governmental cooperation?

This is an opinion expressed by Q2(Jim); your comment is welcome.