Ugh

[wraithfodder]

Just watched the Presidential address.

So? What? Elmo from Sesame Street wasn't available to give this Dummies Guide to financial disaster? Amazing how Bush didn't say "Greed" or "government incompetennce" once...

Grrr, sorry, but the whole mess is a result of greed, simple as that.

Comments

[wraithfodder.livejournal.com]

Personally I think the investment banks should all go under and kick all those execs and analysts out on the street and make them flip burgers for a living. Unfortunately money talks, and there's so much corruption in Washington and in Wall Street, that the rest of us, who do follow the rules, get screwed.

What's goign to happen is that the US is going to turn into Japan in the 90s, and we're going to go through a deep recession that will last years and destroy the value of the US dollar. Thanks, George...

[nialla]

Did you read that the head of WaMu is eligible for a multi-million dollar "parting gift" after his company collapsed, even though he'd only been on the job a short time?

If it were a "mom and pop" company that had folded, mom and pop would have lost everything, but this guy is going to make millions?

Have you been following the Sinfest cartoons about the situation? They're dead on funny.

[wraithfodder.livejournal.com]

Unfortunately, I did hear about his golden parachute. That should be illegal!