When the House was voting down the bailout package Jay, who tries to keep a foot in the business world and the real world at the same time, took some pleasure in watching the Wall Streeters turn into the petulant child that fears maybe their latest tantrum put them on Santa's "bad" list.
I agree it’s interesting to see the free market champions on Wall St squirm waiting for the safety net to kick in. But if the “free” market is only “free” from real risk for those people, it’s a fleeting warmth. It’s even more fleeting when we realize that as bad as they are, we’re dependent on saving them. They know Santa will come for every child, their “time out” will end and the push for deregulation will return.
For the average person, it sure feels like the game is rigged. But when in history has it not felt that way? Hey, we’ve got it better than the Egyptians building the pyramids, right? We got big shiny SUVs and a big, shiny teevee.
No comments:
Post a Comment