At the Huffington Post, writer Rick Horowitz tells us what the big $700B financial bailout in the US is like. Excerpt:"This is what (the bailout) feels like:
You're walking down the street, minding your own business, when the guy in the scruffy clothes approaches you with his tale of woe. He used to be a productive member of society, he tells you, but then things took a turn, and lately he's been down on his luck and struggling to keep body and soul together. What he could really use, he tells you, is a dollar so he can get something to eat. He hasn't had a meal all day, and he's just a dollar short of a sandwich.
So you reach into your pocket and press a crumpled bill into his outstretched palm. He thanks you, and wishes you a wonderful day, and as you continue down the street, you cast one last glance over your shoulder and see the guy walk into a liquor store.
That's what it feels like. Only multiplied by 700 billion."
1 comment:
Imagine a rich banker walks up to a scruffy guy who was a productive member of society until he lost his job. The banker tells the scruffy guy his tale of woe. He's very sorry that he screwed up but could he borrow a buck so that he can go to his retreat. That's what the bailout feels like, to me.
B.F.
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