Tuesday, February 24, 2009

Wall Street Blues

Apologies but I need to get a little political today. It must be something about being in the midst of it all here in New York City. Man it's just damn depressing.

With all the reports now coming to light, where were these investigations when all those good people on greedy Wall Street were lining their deep pockets with huge bonus money, were we really all that blind? Brings me back to an image I took back in '99... the other side of wall street.



These people don't give a rats ass about anyone but themselves and they showed that in the first bailout to pay yet more bonuses. I think there is plenty to blame for the state of the nation and after viewing a 60 minutes report on the World Savings Bank, it's simply disgraceful how they were allowed to continue to put these uneducated and poor people into more and more debt they knew they could never dream to pay off.

Also business or lack there of currently across the globe has to be looked at very closely, I for one was and am still not a strong believer in this whole Globalization ideal, this term in my mind is only to the advantage of corporations to outsource services that should have been offered to local business. Oh why would they do that if they could simply take advantage of smaller poorer countries and pay them well below the poverty line and forget about any mention of medical allowance. Now they come crying to the American people for bailouts for their corporations ...Shame on them!!

While I put finger to keyboard in the background we have a Presidential address to congress on the economy. Below is a visual of what I am watching on TV.



I think I can hear the cries in the street far below "show me the money..."

Those interested in reading more about the under handed dealing of World Savings Bank check out his blog at fund my mutual fund.

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