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Showing posts with the label bail out

Wall Street and the Monkeys

Once upon a time a man appeared in a village and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10 and, as supply started to diminish, the villagers stopped their effort. He next announced that he would now buy monkeys at $20 each. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch it. The man now announced that he would buy monkeys at $50 each. However, since he had to go to the city on some business, his assistant would buy on his behalf. In the absence of the man, the assistant told the villagers: "Look at all these monkeys in the big cage that the man has already collected. I ...

My $.02

This presidential election is going to be doozy. The whole process will drain me emotionally and intellectually until the moment the results are flung to the world this November, which is only 30 days away. I watched both debates and I have reflected on both what was said and what wasn’t said. Obama is a great speaker; he reminds me of Bill Clinton in a lot of ways and I wouldn’t be surprised if some of the same people have prepped both men. But I hold the same mistrust for both men also. I believe that the election is not going to be won by policies and attacks on the opposition’s stances but by whom the American people trust the most. Let’s face it, neither the Obama-Biden nor the McCain-Palin tickets are that impressive when it comes to combining all the elements of what a U.S. President should have. But then again, I can’t remember an election when they did. Obama has had a tough time with the Ad Hominem fallacy of “guilt by association.” The first blow out was with, ironically, Ob...