Tuesday, March 17, 2009

BED SMOKING IN THE SAND CASTLE

Once in a great while I catch 60 MINUTES on TV. This past Sunday was one such lazy evening, that found me zoning out to the CBS magazine show. It's a step above such drivel as GOOD MORNING AMERICA. Albiet a small step, but at least they don't have fashion tips or how to cook a cake segments. In fact this particular program was historical. The main guest was Fed. chair Berneke. (It is very unusal for a sitting head of the Fed. to do an interview.) Even that donkey dicked egoist Greenspan didn't hit the airwaves until after his term. I was curious what kind of spin Mr. B would put on the global financial meltdown. Tick...tick...tick....
His first inane metaphor was the neighbor smoking in bed. "Well, Steve..." he went on like Mr. Roberts."...if your neighbor smokes in bed, he not only risks his own life and property, but that of the whole neighborhood." Steve nodded, like he got it. I didn't. Then he said "It's like building a sand castle. That castle may be fine if the waves remain small, merely lapping at the shore. But if a big wave hits.... well....." Steve smiled and nodded knowingly again. Ferchristsake, this guy runs the show? Where's ace reporter Katie Couric when we need her? Octomom could've explained it better.
And now AIG is back with it's hand out, while divying out bonuses willie nilley to all its brokers like it's Xmas eve. Everyone from PrezO on down is indignant. Elbows akimbo, the polititions are falling all over themselves to express how wrong this is. How dare AIG? But....there's nothing anyone can do. It's in the contract. Need I remind all you assholes that when you hand over money you can dictate terms. You can charge interest. You can penalize for late payments. You can deny bonuses. YOU are the bank. And as we all know if you fuck up the bank holds you responsible. AND if the bank fucks up, the bank holds you responsible. It's like spilled milk under the bridge, on a cold day in Hell, sailing a slow boat to China. Tick....tick....tick....

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