Saturday 22 November 2008

The B is for bullshit!

The news this past week was bleak. Imagine if a giant like General Motors had to go under. Wow!

And with the GM woes we hear this new curious term again "bailout". This is not a good thing! Aren't we trying to cheat nature here? And isn't how this mess happened in the first place, because we have been cheating nature for too long now. That is why things are collapsing all around us. So let nature then takes its course and let the bubble burst. We can't patch the dyke forever - let the thing do what it wants to do. Eventually something is going to have to give.

This bailout term really is setting a bad precedent. Corporations are getting the message: if you mess up then don't worry, a bailout plan is on the horizon. And don't worry about those fat bonuses you got, er, you took, because you can keep them, and we will still bail you out. What a bunch of bullshit!

The B is for bankrupt not for bailout. This is some new age term like those other terms I heard in the last 10 years, exit strategy and hedge fund. Unbelievable bullshit!

What exactly do hedge fund people do? What difference to they make to the world? What do they add to society? And what exactly is an exit strategy all about? If you love what you do then who would want an exit?

Maybe I am just naive, but one thing I do know is that you can't cheat nature. The bailout bullshit is all about trying to cheat nature, and cheating nature is what caused this mess in the first place. When will we ever learn!?

Posted by Ronnie Apteker