The mortgage crisis seems to have reached disastrous proportions with the federal government having to foreclose on their buildings including some well known landmarks. Via FU Times
The mortgage crisis facing America is literally sweeping the proverbial rug from underneath the government’s feet. The federal government had to foreclose on a number of federal buildings including the Presidential White House and the Capitol building where members of Congress meet.
Federal execs tried to downplay the crisis.
“The Presidential residence will move to an undisclosed location in Nevada (known to some as Area 51),” said spokesperson Mr. Coveth U.R. Muni. “Members of Congress will have to meet at the Washington monument until future arrangements are made. We are fairly confident this is a temporary setback and we will get through this unscathed.”
Even President George W. Bush was surprisingly upbeat about the entire fiasco.
“My job is a decision-making job, and as a result, I make a lot of decisions. We’ve never encountered ‘em fourclosehers before but we will smoke ‘em out and shoot ‘em, as they say in Texas, or is it Tennessee?”
India is set to benefit from these recent round of foreclosers.
After Air Force One planes were foreclosed on, that service was outsourced to Kingfisher Airlines owned by Indian tycoon, Vijay Mallya. Mallya has promised to provide better service at a lower cost. The airlines even changed its slogan to “Fly The Good (and bad) Times”.
The feds have responded to this crisis with a major interest rate drop.
Fed Chariman Ben Bernanke: “We’ve dropped interest rates to -0.75%. In short, we will be giving interest to people who borrow from us. We hope this will get Americans to start spending.”