One year after the collapse of Lehman Brothers you’d think people have copped on. That the economy and most importantly its leaders had learned a lesson from the events of the past year but far from it. Only very few of the ones responsible for the collapse of the world as we knew it went to jail or better yet had the good sense to top themselves.
You would have thought that after the massive bail-outs and all the governmental support, the world’s leaders would have laid down some ground rules. Would’ve, could’ve, should’ve. In the end the little man is going to pay what the white collar criminals bankers, brokers and managers brought on to them. And pay for it we did and still are and will be for another while. A gazillion people without a job, the economy down the crapper and no end in sight.
Thanks assholes and I hope you don’t choke on the little umbrella thingy sticking in your cocktail. You know the one that you and your barely legal girlfriend are enjoying at the beach of some island. The ones that are famous for their offshore accounts to which you so kindly funneled your millions away before the shit hit the fan? Karma? Well I hope it gets you!
5 comments:
It's nice to see someone so even tempered. I on the other hand hope they do choke on their umbrellas and that I get to watch.
Although I understand that no-one's yet found a viable alternative to capitalism, it's clearly wrong that they pay directors and managers so much. They produce nothing, and given the various collapses over the years they are clearly either incompentent or impotent, so they should be the first ones to go hungry.
Unfortuantely, most politicians are getting funded one way or another from these parasites, and so they are looked after...
I've just re-read this, and I didn't intend to post quite such an extreme comment... There are some things that just get me annoyed ;-)
Amen! I try to not get too angry about it because.. well, I feel so helpless. BUT I AM MAD! THANKS FOR SAYING WHAT I AM THINKING!
I took a huge hit in that collapse, but I blame myself for picking up on what was coming down. Others got out early and we could have too.
Although I cut my monthly investment by 1/3, I kept buying. When the Dow dropped to about 7,500, I figured that was bottom and increased buying. Today, my investments are at 94% of their value on Dec 31, 2007.
Wall Street took risks but I doubt anyone was complaining when those risks were creating big profits. So complaining when it goes the other way seems....
The idea that stocks can, or should, result in only one outcome - profit - is nonsensical. Wall Street is a casino; bet only what you can afford to lose.
http://money.cnn.com/2009/09/16/retirement/Bodie_stock_allocation.moneymag/index.htm
You just read the short version of my blog next Sunday!
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