In light of the weeks staggering market losses here's a great picture which seems to accurately reflect the level of sympathy most Americans (and probably the rest of the world) feel for the good folks on Wall Street. Not that I'm a raging populist, but did go on record in opposition to the TARP(Bank Bailout program). I truly doubt the same folks whose greed and excess landed the world in this mess will somehow develop a new streak of benevolence with the aid of $700 billion, or $2 trillion, or however much we're going to give them, and fix our economy.Here is a hilarious piece by the Daily Show ripping CNBC to shreds. I'm sure there was plenty of similarly enlightened and prophetic market commentary on the other cable financial news channels, but only CNBC happened to flagrantly attract Jon Stewart's attention. And I'm by no means endorsing a massive government bailout to reward peoples' poor mortgage decisions, but this video is a perfect example of just how out of touch the ivory tower types have become.
No comments:
Post a Comment