Now that the shit has hit the roof, people start finger pointing and blaming others for their misery.
It's true. People never look at themselves and ask themselves what they have done wrong. They never stop and wonder how they could have waded into the mess, even if they had done so willingly.
For the record, I am dead against bailing out the Lehman Brothers' Highnotes holders. People who have a case should pursue a legal solution to the matter. Otherwise, stop begging for handouts. Or blaming others.
Prove to me that greed was not the underlying impetus of all the actions of those burnt by the recent financial meltdown. If you loan money to the loansharks so that you can earn more, who are you to blame when the loansharks run away?
Greed, one of the cardinal sins. Pay back time cometh!
Gleefully watches as the sharemarkets continue their exploration 20 000 leagues under the sea.
5 comments:
Talking of the "blame game"...
There has been a very interesting interview (edited portion thereof) with Alan Greenspan playing through the news last night and this morning.
It is interesting because -
1. He was for many years the primary promoter of the power of the free market.
2. In the interview he admits that he is very upset that part of his unshakeable "world view" has proven to be "flawed".
3. He does not actually say, nor was he asked(?), just what part of his thinking was "flawed".
I could draw any number of lines between "A" and "B". I am not even thinking of guessing.
Probligo,
You are not mathematically inclined. You see, there are things called skew lines. They exist in different dimensions. :)
So there you go. Stop trying to join A and B!
The part that was wrong was the Keynesian part.
the good thing is that now prices of everything will drop and chaps like me would be better able to afford what he would like.
cheers.
I have to agree with Sunit. Things are going really well for me too. Prices are dropping. My savings are (currently) safe. My own credit rating is high. Yep, it's a good time to be a person who didn't live extravagantly.
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