Monday, September 22, 2008

FREE ADVICE

I love watching how this money crisis is playing out. A bright neon sign is staring them in the face with the solution, yet all these politicians and financial gurus are to stupid to see it. They want to follow the lead of idiot sports team owners, who haven't learned the lesson that throwing bundles of money around wont win them championships, just as it will not solve this crisis.



They keep repeating the words on a daily basis, yet pay no attention to them and no one dare mention it. The same thing applies to this money crises as did to the fall of Rome, the USSR and many other empires. THEY GOT TO BIG and could not be managed successfully, leading to there failure and collapse.



The regional and local banks as well as credit unions don't seem to be affected by this problem as they are quite a bit smaller and easier to manage. They also tend to be geared to serve there customers rather then hell bent on making double digit returns; not only to satisfy investors, but to also justify the outrages salary's of the CEO's.



We don't need all this talk of oversight and new regulations. As with most things that come out Washington these days, all they will do is put a fox in charge of the hen house, and things will remain the same.



So let's break up these giants that have become to big, to be allowed to fail. Like our parents used to tell us, don't bite off more then you can chew. In this case it seems to fit perfectly.

2 comments:

Clay Perry said...

i agree, completely

La Sirena said...

No kidding! Or another lesson they need to learn is "You've got to take the good with the bad."