As I drove home from working on an Old Navy commercial being shot along the coast of good ol' Southern California I happened upon coverage of the new Financial Crisis Inquiry Commission. The heads of JP Morgan Chase, Bank of America, Goldman Sachs, and Morgan Stanley went before a committee of mostly Democrats and said "mea culpa." Wow. What balls. A group of the richest, most corrupt, most morally bankrupt douche bags actually sat together and had the balls to lecture another group of rich, corrupt, and morally bankrupt douche bags and they all thought we'd be so dumb and broke and desperate that we'd fall for the charade. Asking Congress to investigate it's financial backers and figure out what went wrong is sort of like asking your teenage, pothead kid to tell you why you're an alcoholic. Everyone with a brain knows what happened: Congress got rid of Glass-Steagall, pushed through tort reform for corporations, amended interest laws in favor of credit card companies (thanks Joe Biden, ya cunt), and deregulated as much of the financial markets as possible while also grossly underfunding the few organizations still tasked with keeping everything legal. In short, the guys funding Congress and any President ever asked for some lanyap and got it in the form of no more government oversight. Same thing that led to the first Great Depression and these dicks are running around acting like they didn't see it coming BUT they did have the prescence of mind to stick the country up just as Bush was walking out the back door. They punked us and now they're putting the onus of responsibility on, yeah you guessed it, the working stiff. According to the brain trust represented at the first of only two days of meetings (because the whole thing is so simple) the problem lies not so much with repealing all of the oversight or with greed or insider trading or overt corruption but with sub prime loans on houses. Yes, apparently that's all it took to ruin a once great financial empire: letting a small fraction of the overall number of home loans go to people who couldn't pay.
So, spider derivatives and hedge funds and the rest of the pseudo-economic crap that these guys were peddling over the last thirty years had nothing to do with the mess we're in? Banks that are lenders, brokers, and speculators had nothing to do with it? Financial "wizards" promising an unsustainable 20% a year return on investments had nothing to do with it? Fuck you, give me a break! Blaming housing markets and their bubble for an economic implosion that responsible people have been warning of for twenty years is reprehensible. I say we take the heads of these companies and several members of Congress and beat the shit out of them, transfer their individual wealth into the public coffers and throw them out on the street, all as a warning that the American people are tired of this shit.
As for the President, I have full faith and confidence that he will do absolutely nothing about this problem as he is part and parcel of the whole problem. Any President is going to be until we the people realize that corporations are not people or citizens and as such have no Constitutional rights and that corporate money is not the same as free speech. Money should have nothing to do with free speech or the ability to express one's political will. The only reason it does is because the vast majority of us who don't have money don't use what we do have: our voices.
Whatever. What the fuck do I know? I'm just a toolbelt monkey working on an Old Navy commercial.
Peace out, bitches!
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3 comments:
well done, sir! well done! clean up the language and send it to your representatives. it has to start somewhere and doing a V for Vendetta is soooo time consuming and expensive! ;~D
Never clean up the language and that no one wants to take the time to do the V thing is why true change probably won't happen. I should send it to Boxer and Pelosi right now! Ha! Maybe I'd finally be able to sue the US for rendering me to Syria or somewhere else equally ridiculous.
President Proposes Volcker's Glass-Steagall Redux guess you were right! now we know who else reads your blog!
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