Wall Street & the handwriting on the wall

[Viro]

The SNL skit on the current crisis that got pulled. http://msunderestimated.com/SNLBailoutSkit.wmv

I laughed so hard and then I cried. Like Satcomer said, our chickens have come home to roost. While it's fashionable in Europe to bash the US, this time Europe needs to shoulder its own share of the responsibility.

[Rhisiart]

Originally Posted by Viro

The SNL skit on the current crisis that got pulled. http://msunderestimated.com/SNLBailoutSkit.wmv

Excellent.

Originally Posted by Viro

Like Satcomer said, our chickens have come home to roost. While it's fashionable in Europe to bash the US, this time Europe needs to shoulder its own share of the responsibility.

Nice to see British Prime Minister Gordon Brown seize Icelandic assets under the guise of the anti-terrorism act. To hell with Al Qaeda - them rotten Björk fiends are obviously a major threat to world peace (or Gordon Brown).

[Viro]

What I don't get is, why are our town councils investing money in Icelandic banks? Why can't they use local banks? And even more pressing, town councils have money to put in banks?! They're forever trying to increase my council tax claiming they need more funds to operate and now I see that they've put millions in Icelandic banks?!

[Satcomer]

One thing has really made me laugh about this hole meltdown. It's the talking heads on TV searching for the right words. I finally see that they actually have NO idea about finance and are just being handed talking points by the investment house's cronies. I knew basic real reporting was dying but I never realized that these so called business shows were just cheerleaders for the greedy jerks I that now have failing businesses.

My prediction is that within a year half of all the business shows & web sites will fail just like the markets. People then will be at a lost, especially the so called news organizations.

[Rhisiart]

Dumbing down (i.e. journalism)?

[Viro]

That assumes something to dumb down in the first place.

[Giaguara]

Well, everything is dumbed down from the top.
And unless there would one day be an extension pack for 9 more levels, the answer to the world's problems isn't always 42.

[reed]

It's not Dumbing Down. On the contrary...It's Dumbing UP. The famous Murphy Law with a very, very good bonus. For all the good buddies too. I scratch your back and I'll scratch yours and scr*w the peasants. Merci.