posted on Aug, 20 2009 @ 01:03 AM
There is a lot of blame going around these days directed at the government, the Fed, the banksters, and others for wrecking the economy.
As far as I am concerned, this is basically justified. We are beling robbed in broad dailight by a handful of billionares and their cronies in the
government. These people are dispicable and deserve punishment for High Treason against the United States of America for their actions, in my
But another dimension is lacking in public discussion -- namely, the raw greed of the American "homedebtor" and the way they leveraged themselves
beyond belief with second mortgages, sketchy loans, credit cards, and so on.
During the bubble years, I was very frugal. I saved money, invested in precious metals rather than real estate or paper, and acquired zero debt. As a
consequence, I experienced what I would describe as "social ostricization." I was called everything from a "loser" to a "tinfoil-hatter" to
worse. People used to chuckle condesendingly at my shabby wardrobe or the fact that I rented instead of borrowing to "buy" a home. Of course, none
of the nouveaux-riche "homeowners" who were so proud of being "buyers" actually owned anything-- except big debts to banks and credit card
These people deserve some sort of public blame, and they deserve to feel shame. They may not deserve jail time, as I believe some of those in the
higher reaches of government and finace do, but in my opinion, they deserve to feel deep shame for their swaggering arrogance and general insatiable
greed, as well as their bullying of those who refused to follow the heard.
I hear a lot of whinging these days about how "nobody told me it would end up this way" or "all the details were burried in the fine print." I'm
sorry, but this sounds like the whining of adult babies to me. Whenever I sign something, I read EVERY word of the fine print and make sure I
understand. I thought this was common sense. If I can't afford something, I either save for it or don't buy it. To me, this is common sense.
The truth of the matter is a mass wave of greed swept over the nation, and now people are reaping the grim consequences of their own piggy little
appetites for "more." On a moral and personal level, I feel nothing but disgust for their shallownes, meanness, and lack of basic freaking reasoning
I understand there were people who were actually scammed and taken advantage of unfairly, but to my mind this is a relatively small percentage of
those who have ended up in trouble. If this seems cold, I''m sorry, but I had to put up with years of condescention and downright verbal cruelty
from people who are now moaning they can't afford a new credit-based marble countertop or whatever. I have less-than-zero sympathy for these scumbags
with their monster grills, khakis, and vulgar avarice.
[edit on 8/20/09 by silent thunder]