Archive for the 'Wall Street' Category

In our administration, gummint ain’t gonna kiss it and make it well for you bozos

Monday, September 15th, 2008

In Colorado Springs this morning, The Barracuda serves notice that the mentality of “Wheee!  Let’s take some more wacky risks with a bunch of anonymous people’s money!  If it goes sour, Uncle Sam will bail us out!” will get nowhere come January.

This whole thing has at its core our age’s disconnect between choices and responsibility.  Yes, risk is an honorable thing when the possible outcomes have been considered and weighed, but when the name of the game becomes over-the-top-clever repackaging of basic loan and investment transactions in forms ever more remote from the original exchanges of hard-earned money, it gets harder for those doing the repackaging to see how it can all come tumbling down.  It reminds me of the line in the Mose Allison song “Middle Class White Boy”: “I just wanna do everything wrong and still pick up first prize.”

Once again, Madame Vice President tells the people in plain English what’s going on - and what she and President McCain won’t enable.