The poster child of the foreclosure crisis?

I remember when Paris Hilton was the poster child of why we couldn't eliminate the death tax. Certaintly essential government services were more deserving of the Hilton fortune that a vapid party girl.  (The vapid party girl seemed to be adding to the family fortune herself and granddad plans to give most of his money to charities , but why lets facts get in the way of class warfare; ) 

Well, we now have a "face" of those poor downtrodden people facing foreclosure as a result of the economic crisis.

Victoria Gotti is about to lose her palatial Long Island mansion.  

GARDEN CITY, N.Y. (AP) -- Growing up Gotti never included the threat of foreclosure — until now.

That's just what Victoria Gotti, daughter of the "Dapper Don," faces as the latest member of the infamous family to be called into court......

Now, Victoria Gotti is in another court, fighting the threat of foreclosure on her Long Island mansion, the same house used in the "Growing Up Gotti" reality show.

"I'm never going to lose the house — trust me," the 46-year-old author-turned-reality TV star told reporters this week after a federal court hearing......

Now, an appeals court has ruled that JP Morgan Chase Bank should be allowed to seize the property because of nonpayment of a $700,000 loan.

Hey, Victoria, there's a term for this. It's just business.

We can't have celebrities renting fixer-upper's in Levitttown, now can we?

While the Gotti heiress may be an extreme example, there's no doubt that hundreds of thousands of high livers around the country are eagerly awaiting federal intervention to avoid giving up their mansions, vacation homes and McMansions.

And the highly touted foreclosure prevention efforts have, hmm, gotten off to a slow start.

There's $75 billion floating around out there for this and when it's all said and done, I suspect way more of it will be used to keep affluent and profligate people out of foreclosure than the needy who fell upon hard time. Of course, what do expect when the President himself was a middle aged Harvard law grad who maxed out his credit cards. 

And why is I think that Chris Dodd, owner of three separate marquee properties, is going to have a warm heart for poor distressed millionaires like Ms. Gotti.

It's time for some "ethical populism" in American soceity. Which means who don't tax the working stiff (or saddle him with government debt) to bail out the beautiful people who can't balance a checkbook.

It's past time for those sorts of people to experience a more authentic "reality show" of living within one's means.