Tuesday, January 4, 2011

America's bankers, partying like it's 2007!

They're back on top of the world! 

The same lot who who nearly destroyed the global economy, are back to their old habits and spending preferences.  The New York Times reports on the behavior of the denizens of Wall Street and the chieftains of American commerce.
Two years after the onset of the financial crisis, the stock market is recovering and Wall Street’s moneyed elite are breathing easier again. And this means in some cases they are spending again — at times cautiously, but sometimes with a familiar swagger.
The article lists that business is booming at plastic surgery salons, buyers are "pouring" into art auctions, high end restaurants are flooded with patrons, and there is a bidding war for summertime rentals in the Hamptons.  Given what their friends in Washington have done for them, the top earners believe their own economic situation is secure and are confident that their corpulent existence will not be interrupted soon.

It is precisely because of this behavior why we will continue to suffer crisis after crisis, until the whole wretched state collapses.  Unlike rational people, who assess their moral failings, personal faults, and actions that have hurt greater society, these people are sociopaths who are never held accountable for their actions.  Their only devotion is to the mighty dollar and indulging in materialistic shit.

Just consider some of their "efficient" economic activity:
Ms. Killoran, who runs a Brooklyn-based insurance company, says that over the last two years she cut her annual spending on cosmetic surgery in half, to about $3,000. She is now spending at pre-2008 levels. “I have to meet a lot of people, and this is part of investing in myself,” she said.
Or this tidbit of stupidity:
A Morgan Stanley trader recently tried to hire a dwarf for a bachelor party in Miami, asking the dwarf to meet him at the airport in a “Men in Black” style suit, according to e-mail exchanges.
At the end of the they day, the moneyed elite couldn't fucking care less about you.  As George Carlin said, "They don't fucking care about you! They don't fucking care!"
  • Have basic services such as police, firefighting, and ambulance services in your city have been cut because of state and municipal fiscal problems?  This isn't a problem for those Americans living in gated communities with private security and emergency health services.  Stop wasting their time, because there's a sale at Barney's they have to attend.
  • If you lived in NY city and wondered why your roads or sidewalks weren't recently cleared of snow so you can go to work, you can thank Mayor Bloomberg for cutting services and refusing to tax the these rich motherfuckers; out of fear that they may move the whole industry to New Jersey or Hoboken, PA!
  • Your employer cut your wages and benefits, stopped making 401k payments or nuked your pension, or forced you to pay more for health care insurance. Not a problem for the folks vacationing in multi-million dollar homes in the Hamptons.  Get a second job you bum!
  • Lost your job because these fucktards were scheming with other high-end crooks and blew up the economy in the process. Hey freeloader, talk to the hand, because they pay taxes too; although one has to go back decades to find a time when they were paying less.
  • Can't afford to send your kids to university!  Serves them right for wanting to attend those bastions of fucking liberalism.  Bloody hippies and communists!
This is the antithesis of a just and fair society.

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