All I can say is, “Finally!!!” It’s about time someone distilled this whole complex financial crisis to a cartoon I can understand. (Rated R for Language. Don’t say I didn’t warn you.)
All joking aside, I can’t believe how many layers of screw-ups it took to get to where we are now. And how much unabashed greed. Obviously Wall Street is greedy. Hell, it’s a job requirement. But when everyone, from the credit rating agencies, to the mortgage brokers, to the investment bankers, to the investors, to the home buyers themselves are so uncontrollably greedy you have to wonder, when does it cross the line and become plain foolishness and stupidity. And where are all the people who are supposed to be paying attention to this and stopping it from happening in the first place? I guess they were all too busy giving the crappy mortgage backed bonds AAA ratings.
Oh well, this whole thing makes my head hurt. I’m going to go get another cup of coffee…
2 Responses to "Stickfigures Tell the Truth"
Nov 15, 10:56 AM
That about sums it up. But you are paying attention and that is very good. Muna
Nov 18, 09:55 AM
I like it! Everyone needs to see this video – so much blame goes around aimed at the wrong people.