Wednesday, January 04, 2012

ya know, i understood every word in that article, thanks to my background @ swiss, deutch, ms, lehman, goldman sachs.  i know wall street pretty good.  been down there since i left drexel.  oh yeah, bear, being uptown and all..  but this lines up nicely when i purport the problem was exacerbated by the big banks.  they're the ones who've got the cash to get us OUT of this mess.  i think they're gettng tired of the game themselves, because i do feel a 'chill' in the air.  i also don't know what i would do about the euro problem with greece and italy.  but iran is becoming an issue again.  politics.  you'd be surprised how that's governed as precisely as those derivatives.  in fact, didn't you hear?  they're gonna start 'speculating' on the presidential elections.  that is SOOO wrong on SOOO many levels. i definitely think we're going to see a new europe in a few years, look at the middle east and the arab spring.  even if greece & italy can somehow coast along, until things settle more.  i think the time is near that we become soverign, more soverign, than we are now.  but ya, these derivatives were the fire from hell.  i've heard 500 for oil in the summer.  whispers, but i can see them getting tired of the game the tea party plays.  government is the greatest non-profit in the country.  they're _supposed to watch over the drugs made by 2.5B/week in profit and billions in compensation for the company..  pfizer is notorious for disregarding rules on a trillion dollar product.  when i worked there, i was in the epidemoilogy dept.  it was our responsibility to make sure there's tracers of data stemming from real world use.  tracking diseases that are associated with a certain drug.  it wuz like half-half medical/financial.  that's why the medicals are doing so well.  that translates into jobs @ GE, which in turn provides for the families of those who indeed work for a living.  the middle class.  derivatives killed the middle class.  those and the housing/mortgage debacle.  what really bothers me is it's the BANKS who fail to invest in communities in which they own property.  it's _their responsibility to assume upkeep if a mortgage goes south.  and they haven't kept pace.  they're changing the very landscape on which we live, work & play, simply because chances are, you work for them.  in one way or another.  it's time labor laws are adhered to.  and it would spell the beginning of the end if personhood is granted companies.  who in the hell thought up that lamebrain scheme?

jus sayin.

on this article:  http://www.foreignpolicy.com/articles/2011/04/27/how_goldman_sachs_created_the_food_crisis?page=0,0

No comments: