Search CynicalPessimist666.blogspot.com

Wednesday, May 5, 2010

A Bribe A Day Keeps The Bankruptcy Creditors Away.

http://www.marketwatch.com/story/bear-stearns-nothing-we-could-do-to-stop-failure-2010-05-05
Bear Stearns: Nothing we could do to stop failure

Actually there was plenty that Bear Stearns could have done to prevent their financial collapse.

Bear Stearns could have done what most businesses do that can't afford to bribe politicians. Bear Stearns could have run their business as if they cared about the business. Bear Stearns could have run their business as if they cared about the people that relied on them for financial help. Bear Stearns could have acted in an honest and honorable fashion. But no other Wall Street Wizards were acting in that fashion, so Bear Stearns knew they didn't need to. Unfortunately for Bear Stearns, they didn't contribute to Barack Hussein Obama's election campaign (which all the other big players did), and thus they were NOT ranked as too big to fail, but as to small to care about.

The moral to this story is that you can NEVER forget to bribe the politicians who demand money from you.

No comments:

Post a Comment