Tuesday, September 01, 2009

Another reason why you Yanks 'r nuts

Watching a show on TV about a guy who in 2005-06 saw that house prices were rising much faster than incomes, when usually they rose together - so he got whiff of hint of a bubble that would someday burst - so he followed the trail through scam artist startups who sold mortgages to anybody on the street, then bundled them up and sold them to investment firms, who promptly sold them to places like China, and this guy on the show said that he knew this was a problem and that this was wrong and a lot of people were going to get hurt . . .

so he looked for a way to make a profit from it.

That's what the show was about - how he saw a giant disaster, and looked for personal gain.

And you Yanks would call him a bloody hero?!

Again, I get sick down in the guts when I am again confronted with this kind of largesse, this egregious greed - it's like a thick stewy smelly slime that we spew all across our culture, then we eat it up again, licking our lips voraciously.

Nuts.

VG

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