It has been far too long since my last post but I’ve been really busy and battling a sinus infection that just won’t go away.  The topic at hand is one that has made  me laugh for the last few weeks.  First we had the office over haul, then the jet purchase, and now BoA sponsoring a Super Bowl party.  I’m sorry but the outrage over these controversies is just hilarious.  Why is anyone surprised that these companies are doing stupid stuff?

They did not just wake up one day and *POOF* all of their money had vanished.  There was no calamitous event, no money fairy came in and stole it all, and there were certainly plenty of people warning about the problem.  No, they had a history of making stupid choices that led to this.  Sure some people have used the defense that the Government forced them to make shady loans but I didn’t hear any of them complaining about it at the time.  In fact most were lobbying for more.

Yet this is the attitude our politicians have!  These “wizards of wall street” through no fault of their own just misplaced about a trillion dollars.  Well if that is not what they were thinking that is certainly the attitude that was taken when TARP was crafted.  We had to “unfreeze” the credit market!  Billions and billions of dollars were shoveled into these failing institutions under the premise that they should continue the very same business practices that got them there in the first place.  Everyone has in fact taken crazy pills.  I am sure of it.