What Me Worry?

In the the words of "MAD" magazine, 'What me Worry'?

While I observe the housing market finish its slow, sharp decline, I am still in awe at how so many people could be so greedy. You know the tortoise and the hare, well I am the tortoise. And to all those hares out there-- a big sarcastic THANKS! This is the fall out. There are BIG winners and BIG losers and as always the casualties are people trying to gets theirs... Tens of thousands of people in the financial industry will be out of work. Non-US governments and businesses will grow at our expense.

I am not trying to be pessimistic. But until Sunday night, no Wall Street firm of Lehman's size and stature had suffered an all-out meltdown. I got an e-mail today that my Merrill Lynch 401K plan is now being bought by Bank of America. I don't even want to see my 1/4 earnings/losses. Over the weekend, the Govt bailed out AIG with 20 billion. Who wants to bail me out? I need money! LMAO. Everyone is affected by the housing market, renters and homeowners alike.

The housing bubble wasn't just some dirty sub-prime lender in a plaid suite taking advantage of poor people. This was hi-class, fast and furious, all or nothing and it occurred across the board. All players got their hands dirty and we all knew because the papers reported on it with articles like 'When is the bubble going to burst?' The boom was a lie. Duh. And ordinary citizens like myself couldn't do a damn thing about it. Because people so badly wanted to believe the lie, poor people who wanted the American dream, middle class who worked so hard and wanted to enter into the upper class with real estate investment and rich who just wanted to get richer. The mortgage pool just got bigger & bigger...

NOW-- Its over. While we everyday working class taxpayers are paying billions for war in the MiddleEast we also have to bail out banks that took advantage of people who just wanted a place to live.

Damn shame.