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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: RetiredNow who wrote (245703)4/26/2010 7:26:18 PM
From: PerspectiveRead Replies (2) of 306849
 
<why are the folks at GS still making their millions after they put 8 million people out of work?>

Owning everything means you never have to take a loss. If you are about to lose, you just rewrite the rules. I'm just an idiot for thinking that prior historical experiences would have any bearing on today's bubble. Nobody ever owned government the way they do now. This is what happens when you permit one small coterie to corner such an extraordinary concentration of financial wealth.

I became sick to my stomach last week when I realized that the Government Sachs income plus bonus pool roughly equals the entire investment in research and development by the United States National Institutes of Health. The former is such a repulsive waste of societal resources, I can't even begin to wrap my head around it. Fcuk them, and I mean it.

Problem is, 99.9% of the U.S. is too busy or distracted to give a damn. The dislocation would have (will?) cause society a great deal of pain if the plutocracy ever does get forced to accept its share of losses, but it would be best for the long-term health of our country. But then again, I still cling to this quaint notion that realistic asset prices promote sound economic decisions, and distorted asset prices lead to further malinvestment...

`BC
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