Stock Meltdown - 7 billion dollar party bill

Bail out - who deserves to be bailed out and why?
  • Would you bail out an alcoholic after he drank all his money - and let him go back to the bar straight away on your tab.
  • Would you bail out a gambler after he has blown all his money on the roulette wheel, craps and poker - and let him go back to the table with your money.
  • Would you pay the drug addicts dealers debts, dress him up in new clothes you needed for your children (health & education) - and let him party on til he crashes again taking you with him down to the bottomless pit.
I believe the money would be better spent on the education and sustenance of any unemployed people as a result of the correction.

Risk has a downside and as they say if you play with fire you may get burned. Now they have set a conflagration that may take Main Street USA with it.

Addictive unrestrained greed led to poor judgment, the overlooking of known problems, accumulation of risk and finally the credit crises and meltdown.

I don't see the CEO's out front and center saying they are sorry and can we help them...maybe they don't really want to be helped?

Comments

Post a Comment

Popular posts from this blog

Is the use of the word ASS in lyrics explicit?

Image
 This must be just a gratuitous excuse to write some filthy words in LAUGHJOHNLAUGHS! Blog- I was researching this because the words of my first ever single - "Does my bum look big in this? " contains the word ' ass ' in a line in the third verse. "Ohh please tell me baby do you like my ASS?" which is a fair relationship question imo ...but my G/f says in church circles it is likely regarded as lewd or crude .. hmm I  hadn't realized. So here is some interesting material derived from a quick search on the topic - using the search terms ' is the word ass in lyrics considered explicit ' I got some information about the 7 dirty words or seven naughty or filthy words - whatever they may be titled. However if I publish the 7 naughty words in full then I need to mark my blog as explicit which is a shame - so may need to write a tamer version without the highly charged naughty/dirty words. Anyway basically the good news is as follows:  I don
Read more

ASCAP 1 day conference Q&A Feedback

ASCAP NY SESSIONS Q&A Name: John Munnelly Band: Laughjohnlaugh Latest album: Unreleased ( Music available on myspace and on my EPK) Website: http://www.myspace. com/laughjohnlaugh EPK: http://www.sonicbids.com/ epk/epk.aspx?epk_id=103702 BLOG: http://laughjohnlaugh. com/ 1. Why did you decide to attend ASCAP NY Sessions? First of all I liked the name - I make music - that's what I do and aspire to better at doing with other musicians similar to me. I wanted to join ASCAP - They seem to me to be more Artist centered ( than perhaps BMI/SESAC etc) so I wanted to meet with some ASCAP staff face to face and get to know them as persons before I finally signed up. I also wanted to try the 1 day conference locally in order to see if the longer 3-day conference out on other coast is a worthwhile investment of my time and resources. 2. What was the most important thing you took away from the one-day conference? Its a very human business after all - I think it gets a bad rap from tim
Read more

Fuck you google (YouTube Owner) you fuck.

January 2018 Fuck You 'YouTube' I hate corporate speak. YouTube Letter says in effect 'hey we are keeping even more money for ourselves!' and 'we are doing this for our advertisers! But they dont say that - it's opposite speak. See some excerpts below. Google YouTube are doing this for our advertisers. Last Tuesday they YouTube tell small creators and musicians like me fuck you and your channel. Not that I even ever got any money from them in the first place, but now they move the creator carrot even further away from the donkeys mouth and the stick of iniquity beats on. Follow the money - they are doing it for the adverts. They had the worst rate of royalty on music anyway and it makes no financial difference really cause they keep the money but likely will lose a variety of creative tools like custom thumbnails that brought some ingenuity and creative flair to their standard random thumbs. It means if you are in a stream your thumbnail imag
Read more