The riots should start in about a week, if we’re lucky.
- 09.29.08
- economics, media, scraps
- No Comments
I’m breaking down a bit and am going to mention the bailout fiasco. It’s a flaming herpe on the blogosphere right now and the S&P 500 is sinking like a big unsinkable ship. The Dow has had it’s worst day in history. I’m slightly amused by this. The blame is being spread far and wide, landing mostly on the Democrats.
I find myself lucky enough to be paid by a very secure employer and my bank is probably one of the safest around.
That being said, I hope those damn Wall St. kids get what they fucking deserve for being so irresponsible. Sometimes the best punishment is to simply not assist. Parents do this to their college-aged children regularly after they figure out that all the money is going to pot, pizza and beer. I could care less if it were seven billion or seventy trillion: the idea that an authority figure will bail you out when times get tough is a bad impression to make.
And I doubt that any of these executives will be destitute and homless because they didn’t get the bailout. Less rich, sure, but that’s their own damn fault. The Free Market prevails; with the benefits come responsibilities. If you fail, you fail.
I’m secretly hoping for some seriously wicked societal collapse in the near future.
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