2/18 Yep.
http://www.investors.com/editorial/cartoons/IMAGES/cartoons/toon021809.gif
\_ I love it when investment bankers, who caused this whole mess,
try to blame homeowners and the government.
\_ bankers are just doing what they're good at: making money.
In another word, they're being good Capitalists.
\_ You're joking, right? If they're so "good at making money,"
why are all those big banks insolvent?
\_ Like libertarians/conservatives, the bankers only
did what they thought was good for them-- bigger
paychecks. In Ayn Rand-speak, the collective selfish
people work together with the side effect of improving
those around them (trickle-down). These bankers
did exactly what a good Capitalist would do which was
to get as much money as they could for themselves. They
had no allegiance to the corporation they worked for.
Ayn looked at the boom and saw that as a positive effect,
and that the bust was just a side effect. Once again,
I'm not advocating this is good or bad, but simply they're
doing what they're good at doing-- highly motivated
by greed for local gains. BTW the second Randian message
is "Life is not fair, get used to it." Most bankers
accept that. Ayn advocates like Bill Gates used to say
the same thing to new graduates.
\_ you misspelled "stealing"
\_ Capitalism: survival of the fittest. I'm not saying Capitalism
is good or bad, I'm just saying it's just the way it is in
America.
\_ "fittest"? No, not really. The game is skewed, not fair,
not everyone has the same exposure to predation or the
same access to "food" in the environment. Capitalism
is more survival of the well positioned.
\_ Capitalism: survival of the fittest. I'm not saying
Capitalism is good or bad, I'm just saying it's just the
way it is in America.
\_ "fittest"? No, not really. The game is skewed, not
fair, not everyone has the same exposure to predation
or the same access to "food" in the environment.
Capitalism is more survival of the well positioned.
\_ like it or not, the US is not a pure Capitalism. If it
were, there would be no bailouts. The fact is: the
greed of the banking industry has endangered all of
us. We can't just blow off what they've done, or
ignore the industry and trust what it's doing to run
itself, which was the temptation in the W era. That
time has passed now. That policy didn't work. So,
yes, you're going to see a lot of anger out there.
And IMO it's well-deserved. The taxpayers are the
elder brother that has to step in and clean up the
mess the younger brother has made, even as the
younger brother claims no wrongdoing.
\- 80 columns, not 85, dumass
\_ What's the reason for retaining this rule?
Seems outdated. Maybe 100 columns? |