Tuesday, September 23, 2008

Oh the Irony

And that irony would be: Me, of all people, thinking (and writing) about MONEY! Yes, the horror.

Okay, it's a short one, so laugh while can.

The whole Wall Street financial crisis is like this: If I bought a house, ran up $100,000 in credit card debt, and then asked the goverment to save me and my house from the repo man, they wouldn't do it.

They'd laugh and and invoke "personal responsibility", right?

Uhmm, so near as I can tell, why are they doing it to all these idiot companies who had a bad balance sheet? Too much debt, too little capital. Pretty freakin' simple equation if you ask me.

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