Sunday, April 25, 2010

Somolia v New York

How are Somalia and New York similar? Why, both have pirates working within their borders. How are they dissimilar? Well, Somalian pirates use guns and threaten to blow up ships unless they are given their ransom, whereas in New York, they sell you packages of garbage they call derivatives, tell you that these things are good and will make you lots of money. Then they bet against you, so that when the investment goes south, and you know it will, they can cheer for joy at all the money they're making off your foolish innocence. Ya gotta love the Goldman Sacks execs. They knew how to have a good time at other peoples expense. I suspect Blackbeard would have approved. Of course they didn't actually steal your money. They stole it from the investment companies who you invested in, who bought those derivatives on the say so of the GS execs. So in a way, they can claim the investment folks that bought, should have known better. Yeah, OK. Do you buy that story? Be careful, these guys are good at selling a story. After all, they got one by investment brokers who, by their own story, they claim should have known better. Ya gotta be a fast talker to pull that off. My guess is that every con artist looks at it that way. Now, I don't mean to sound anti-Wall Street. I do mean to sound anti-Wall Street underhanded and risky business. There's a difference. Investing is good, but when the casino opens in the lobby, I get a feeling things aren't going to go well for somebody.

No comments:

Post a Comment