Thursday, October 16, 2008

Wall Street Debacle: A Madame Defarge Moment

Madame Defarge smugly knitted while the guillotine decapitated the French aristocracy in Dicken's " A Tale of Two Cities". Likewise some of us indulge in schadenfreude as the " masters of the universe" on Wall Street are dying from a thousand financial cuts from the falling Dow Jones Averages. The peers of Wall Street like the nobility of France are and were the bigger losers.

Labels: , , , , , , ,

Friday, August 10, 2007

Frivolous Monkeys With Guns, Money & Language

Yesterday the BBC reported 1 adult,male and 3 juvenile gorrilas were shot and killed in the Congo's Varengo Mountain Gorrila Reserve. Where is the AIDS virus for these near-monkeys with AK-47s ?

Yesterday the Dow plunged 387 points on nonprime loans fallout. Nonprime loans include banks lending to bad credit history applicants, high debt to income borrowers and no-documents on income home buyers. In other words banks lent their depositors money to would be defaulting borrowers who could walk away from the loans if the home didn't appreciate in value.

Yesterday the democrats gave Bush/Gonzales increased power for warrantless eavesdropping. This is despite the promise from the dems that they were different than the republicans and " if elected " would clean up Washington. Language is cheap. Only deeds count.

We are called homo sapiens. This means we are wise. But we act more like frivolous monkeys with technology.

Labels: , , , , , , , , , ,