patrick.net

No word yet on whether this Al Qaeda idiot is a foreclosed homeowner or a tenant, but like many religious zealots his thinking is too literal and simplistic, including his alleged attempt to "blow up" the Fed:

http://www.cnn.com/2012/10/17/justice/new-york-federal-reserve-terror-plot/index.html?hpt=hp_t1

He needs to learn from the example of Vikram Bandit: borrow Fed $ at ZIRP, invest it terribly, destroying 90% of the value of a Fed member bank (C), and walk away with over $200 million for himself personally. Bubbles Ben is only too happy to cooperate.

To sum up the distinction: attempting to "blow up" the Fed literally is illegal and dangerous, but destroying the economic value of member banks can be rewarded with federal bailout $$$. Here are the steps the dim witted Bangladeshi should have followed:

1) reorganize Al Qaeda as a bank or gain control of an existing member bank;
2) borrow $$$ at ZIRP;
3) use the $$$ to buy Bangladesh;
4) mortgage Bangladesh;
5) sell the mortgage to Fannie, Freddie, and Bubbles Ben;
6) pay yourself a huge salary and bonus for your financial brilliance;
7) have your bank default on all loans, declare it TBTF, get bailed out;

Enjoy your new billions and laugh while Bubbles Ben bails out Bangladesh.

#housing