United Socialist Peoples Republic of America

[Steve Funder]

I love this. All of Wall Street is getting bailed out by the taxpayer. Why? Because they have “toxic assets.†Since we are abandoning free market principals (government bailing out all so called “capitalist business), what this amounts to is that Goldman Sachs, J.P. Morgan Chase, Morgan Stanley, New York Mellon, Bank of America, Citigroup, Merrill Lynch, Morgan Stanley, State Street Bank and Wells Fargo are all being bailed out by the (say it with me) United Socialist Peoples Republic of America.
Meanwhile, the people who are paying the debt, which they agreed to pay, are getting to finance all of the irresponsibility that our lazy, inept, thoughtless culture can come up with.
A person’s word means nothing to anyone. The banks promised to pay. Now they won’t. The buyers promised to pay. Now they won’t. I am not financially ruined because my analysis was flawed. I am not financially ruined because strategy was flawed. I may someday be financially ruined because of all the “needy†people who promised to pay, and now they won’t.
So, if I decide to be honest, to be true to my word, to honor my contracts, I lose. I will have to pay full market value for my assets while banks and deadbeats get a communist discount. If I go back on my word, if I decide that my signature means nothing, if I decide that I am too weak, ill prepared, too dishonest, then I will be rewarded with the full value of today’s lower market prices.
So, not only do I lose as an investor, but guess what? My revenues are nice and large, so not only do all of the poor, helpless banks get all of my money, but the government gets to take the rest in the form of taxes. Where do the taxes go? To finance all of the people and banks who backed out of their financial agreements.
I hate every living person who allowed this to happen. It doesn’t matter how much money you take away from the taxpayer if it’s all going into corrupt policy. Every person, every bank, every business who backed out of their financial obligations should have the ethics to pay their obligations. But then, every murderer, every child molester, every rapist should have the ethics to refrain from creating victims, also. Maybe all of the people who don’t rape, molest children or kill people should be forced to serve the prison time for all of the people who do.
But when a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.
This country deserves to burn in a day. I firmly believe that the people who wrote our Declaration of independence would gladly offer a match.
Why should I believe in this pathetic excuse for a society?
If ever there was a time for Atlas to shrug, it is now.