If you are not used to thinking of it in those terms, get used to it because that is exactly what the World's “Conservative” bankers
have done. Greed motivated them to invest in high risk mortgages and in some cases instruments as derivatives of mortgages that
hardly anyone in the industry understood.
Wait, am I the only one who remembers Enron. Can it be that everyone has already forgotten the mess made of the Savings &
Loan Industry when it was deregulated and everyone opened an institution to write themselves and their buddies' high-risk loans.
The only way out of this is to follow the lead of the Venture Capitalists and Hedgefund Managers. Now there is a group that is not too lazy to do their homework before they spend their money.
Then once they do decide to fund a company they don't assume that the new or expanding business has all the answers, they offer plenty of advice and management expertise. Instead of giving them
A billion dollars immediately, they calculate start-up funding and see how well they perform with that. Then they go one step at a time until they coax the company to the break even point. If everyone makes it that far, they role on for a few more years and what is popular now is to have the small fish bought out by the big fish so the VC, Hedgefund, & Entrepreneur can cash out and frequently start all over again.
Now I am left trying to figure out the reasoning behind the Federal government wanting to go after the Hedgefunds because they have not been excessively regulated, bailing out the fool hearty Financial Institutions, leaving all the homeowners out on a limb while they get laid off at work because of all the foolish risks that were taken by the overpriced CEOs.
China is doing well. India is doing well. Half of the world is doing well and where is the USA investing? Iraq??? They can't even run a municipality and we are expecting them to take over so we can get on to more important issues like getting more examiners in the US Patent Office so that we can release the $3 Trillion boost to the world economy that would occur if the US Patent Office increased their resources until they cleared up the 2 - 3 year backlog they now have. I suppose it isn't their fault. Bush probably used the same formula to run that Office as he did for FEMA during Hurricane Katrina.
