Thursday, October 9, 2008

Dear Wall Street: We're Watching You

Dear Wall Street: We're Watching You: "we're not at all pleased that you nearly managed to ruin capitalism for the rest of us.
And we have folks in our midst who are capable of reading financial statements. Remember those big fat bonuses you got last year for turning toxic paper into AAA-rated inverse IO Strips which you dumped on some benighted bank somewhere (who really ought to have known better)? If your bonuses come within an order of magnitude of where they were last year, I'm pretty sure there will, in fact, be bloodthirsty mobs.
By the time they're done, Wall Street will look like it has been hit with a wholly unlikely combination of calamities including hurricanes, staph infections, choking, golf ball-sized hail, dropsy, carpal tunnel syndrome, homeowners' association meetings, and Mongol invasion. It's the kind of violent force of nature you're pretty sure you'd rather have pointing away from you.
Congress knows it, too. They would like nothing more than an excuse to frogmarch a few of you down to Washington for any perceived inability on your part to get That Which We Are Coming From.
The gigantic paydays of the past aren't coming back anytime soon. Truth be told, you were never worth that kind of money anyway. Sorry, Wall Street. Your Masters of the Universe privileges have been revoked. Please stand by; your new assignments will arrive shortly...."

Norton's comment: ditto!

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