Tuesday, November 18, 2008

Getting upset with the casino

Meant to put up this link since NBS and I were discussing something like it this morning. It's called, "A Visual Guide to the Financial Crisis".

And no, in our discussion we weren't particularly sympathetic with the so-called "investors" who lost money on their "investments" in High Notes and their ilk. To us, those guys being so upset and demanding compensation from the bank is like losing money at the craps table and getting upset with the casino.

Sigh. Our people are so sheltered and mollycoddled that they have lost sight of reality. Everyone expects the profits to keep rolling in, but when it's time to shoulder the risk, it's always someone else's fault.

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