This is America BABY!
- Posted by Howard
- on October 13th, 2008
This is a great post by ‘The Fly ‘
We’re not going out like this, under the weight of some sub-prime driven credit crisis. When it’s all said and done, we’ll be back to producing meaningless nuclear submarines, throwing firecrackers at one another and producing monstrous trucks for the road, in no time at all.
Hell, Americans are an egregious breed of human. We like our beer cold and our mortgage loans dangerous.
Nowhere else in the world will you find lunatic roller coasters jam packed with people willing to die, in order to enjoy a 2 minute thrill.
We’re risk takers; it’s what we do best. Bitch and moan all you want about the “Wall Street gangsters.” But remember, it’s gangsters like that who took a gamble on “Joey Bag O Credit Cards,” by giving him a loan to buy a Mcmansion.
Sure, they got greedy, but who isn’t?
Who else would finance that stupid bitch down the block, who desperately needed a 7th coach bag?
See, don’t blame Main Streets addiction to vanity on Wall Street. The bankers that you all despise were providing a service, which was encouraged by the Government. The Government encourages us to spend all the time. Following 9/11, their message to us was to be alert and go shopping.
After this crisis passes, America will be forced to tighten its belt, since the banks will be saddled with stringent regulations. No big deal. It is the end of excess.
He speaketh the truth and he speaks it with perfect tone and a nastiness that is unmatched on the web. Bravo.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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