DislikedMaybe what you write is the true state of things; I don't really know, but lemme throw one other true anecdote out to illustrate one thing that's wrong with the disconnected lending that occurs in Too-Big institutional lending.
This year, for the first time in a very long time, there's a chance, however slight it might be right now, for a lot of folks to pull down their zippers in the corporate graveyard. And not a lot of people outside the bonus pool, or Congressman outside of, say, North Carolina, would shed a lot of tears.Ignored
I haven't always been the best at making decisions maybe not even always the best at keeping to the rules but the one thing I do do, is ride out the consequences.
It's not that I don't have compassion for that guy, nor the trader over his VaR limit, but again, if I had to be the guy pushing the button on either side, I am not so sure that either of them would be mailing me Christmas cards today.
Having been in and run several businesses, I can appreciate that not only is necessity is the mother of invention but also the mother of ingenuity. When the lending association of, "Hey mom can I borrow some money", and the Banks are at the end of their abilities or if the risks seem to great, I can handle the truth, but really still question if things are so strict why are we at where we are at today? I know the strength of character and my abilities, but that really doesn't come into play at the end of the day.
I guess I just really have no appreciation for is when the rules get bent by the bigger dollars. Why should somebody else get the exception when others stand cold and alone in the street?
It is easy to judge an cop for turning on the cherries and running a red light when you know full well the consequences of your actions in trying the same, but haven't we all had a free lunch?
Alright, so at the end of the day we are still forced to count our principles or count our money and someplace in the middle of the decisions at the end of every day is what defines us as who we are. I know full well that the money I made last week was not off the backs of others who lost money in market, but I know without them, there wouldn't be the same opportunities.
Without our forefathers there wouldn't be anything that we take for granted around us, but at the same time, I have a problem paying into a defunct system that I will most likely never get to take advantage of when I get to my tender years.
Who wins and who loses?
Land of opportunity or really just a dream with the cloud sequence waiting to fade into clarity?
I have said it before and will say it again.
The ether is wearing off, and I am not so sure we wanna see what reality actually is, so which one do I take again?
Is it the red pill or is it the blue?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
