Sometimes I have moments of genius... watch this youtube.
Tuppence, prudently, thriftly invested in the Dawes, Tomes, Mousely Grubbs Fidelity Fiduciary Bank...
Bankruptcies! Debtor sales!!
http://www.youtube.com/watch?v=jt9JpYRulSk
Compare this to the current situation. Wall Street and men getting 9 million dollar "golden parachutes" are asking for $700 billion dollars from the American taxpayer to bail them out.
These investment firms (such as AIG) purposefully and cold-bloodedly and "with malice aforethought" made incredibly RISKY and FOOLHARDY investments, thinking that the housing market would continue to go up at an accelerated rate forever (which anyone knows just simply does NOT happen... everyone knows the market goes in CYCLES)... and as a direct result (I"m not even mentioning the snake-oil ARM loans pushed on poor urban and elderly people... I'm not even mentioning these... its scary to think how much those are a part of it) the banks now have what Paul Krugman called "toxic paper", i.e. the worthless subprime loans.
Krugman belives that the huge banking lobby is basically trying to RAM the 700 billion through Congress, and basically force the American taxpayer to BUY THE TOXIC PAPER for its face value.
Profits are privatized; losses are made public and force-fed down the unwilling and powerless gullets of the American people.
Wow.
America.
Again, America has jumped the shark in 2008.
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