Can you point me in the direction of Wall Street?
Karma can be a real bitch.
AIG brought this on themselves, I have little sympathy for them. I just hope that the regular people who had nothing to do with this, those who won't make any bonuses or drive fancy cars aren't pulled into the shitstorm that's coming.
I'm afraid, however, that's inevitable. Again, fault lies with AIG.
They thought they were above this, that the machinations of the little people couldn't affect them. The 'great, unwashed masses' were a good source of capital, not something to really think about. Like being concerned for the well being of the ATM versus the money inside.
I hope this gets resolved before anyone gets hurt. There are only a few that really deserve any physical punishment and only after proper due process. Yet this thing could get ugly.
Real fucking ugly, real fucking quick.
So Mote It Be,
David A.
2 comments:
I guess ya can't blame anybody for wanting to burn some of the executives from AIG at the stake.
Hell, if this was 200 years ago they would have been lynched already.
Oh, it's only a matter of time, but, in a very limited way, I agree with that shitwad, Santelli's latest pronouncement that this pool of Bonuses really is a drop in the bucket, compared to the REAL sum that AIG has taken from us, already, to pay off their Counter-Parties-- unconscionable.
Not to mention, that at this point the FED and Treas. could have just paid off every Primary Dwelling mortgage with the TRILLIONS that they have handed off to be burned up at AIG and their fellow Failed Zombie "Banks."
There are tens of thousands of laid-off, ethical, honest, unambitious, talented Wall Street specialists who would JUMP at the chance to jump in ant right this teetering ship.
Where do these companies get off trying to tell us their Failkind are irreplaceable? Who the hell do they think they're kidding? I'd think that there really are some people out there that would do their damndest to fix this mess, but there is, of course, much more involved at this point.
Keep in mind, the Derivatives we are talking about were "valued," "insured," and sold, and leveraged (collateral on a finished product, building or merger) to the tune of a solid $168 Trillion (2007 numbers). Three-times the WORLD GDP. At least 1/2 of that is pure rancid, the rest is tainted by the other.
A hard-core wingnut just told me this:
"Yeah, for years the Liberals have been able to get crowds on demand for rallies in Washington, because none of them work, but, when you start seeing the wealth creators and the hard-core Republicans also in that crowd, there's something for the government to be afraid of." that was Norm the Wingnut's words, not mine, but, in his twisted, wingnut way, he's really saying that everyone is pissed right now.
If the Republican Tea-Baggers ever end up somehow linking arms with us Patchouli-stinkin' hippies (that other 75% of the country), things might get ugly for the Ship of State.
Then again, the right-wingnuts just might start shootin' big time, if they don't pull their heads out of Timothy LaHaye's and Glenn Beck's "Apocalypse Left Behind Temple of Pork Chop Doom."
We're in the bottom of the fourth inning, in this Ballgame of Fail. Garden as much as you can. Work garden veggies trades with your neighbors. Develop Community. Attend your Local Civic Meetings.
The moral of this entire situation is this: Think LOCALLY first-- start in your own yard and neighborhood.
If all of the "TARP-Family" initiatives work, we really won't be feeling any better for at least four years. It's going to get a whole lot worse over the next 12 months and beyond. How we end up is up to us. You, me and our neighbors.
--mf
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