Tuesday, April 27, 2010

Lion Food

I've been coming down pretty hard on Goldman Sacks. I've also found fault with Moody's and Standard and Poor's. Well let me say here and now that they richly deserve it. But there's another skunk in the woodshed and it's not you or me. Well in a round about way I suppose it is our fault. I say that because you and I elected the bums. That's right. Congress is a big player in this. They're up to their necks in guilt. See, what happened is like Bethany McLean said this morning in the NY Times in her Op-Ed "Meet The Real Villain of the Financial Meltdown". The Government agencies that were supposed to be the watchdogs, fell asleep. Congress, who was supposed to make sure there were laws to protect us, did just the opposite. They deregulated and stopped the watchdogs. So did the Administrations in charge. They were more interested in helping business be more profitable then in people being more protected. The idea was that the businesses would watch out for the best interests of the people. That's right. The lion would lie down with the lamb. And the lions did. Until they got hungry. Then they began to eat the lambs. Well, come on! What did you expect lions to do? But like Bethany said, if the Congress had protected the people, if they had bothered to try to oversee these Derivatives et al, there might not have been a financial meltdown. But of course, this wasn't the fairy tale Congress expected. All didn't end well. A lot of people got hurt. Investors lost retirement savings, home buyers who were duped into buying homes they could never afford, lost them, along with people who, later, lost homes they could afford to buy, but the market dropped and the value of their homes dropped below what they owed. So this November when you vote for your Congressman and maybe Senator, remember these guys probably thought more of their respective parties and of their own reelection then they did about your well being. Political parties don't give two hoots about you. Only about staying in power. Or getting back in power. And it all comes down to where the money is coming from to accomplish that goal. Duh! It comes from big business. Now, don't you feel like a lamb? Uh oh. Did I just hear a lion roar?

No comments:

Post a Comment