I’m a crook – bail me out of here

So the American government propped up the feathery pillows for AIG and gave them a generous helping of tax payer’s money to avoid them doing a Lehman Brothers pirouette too.

AIG insured those horrid financial products that lead to the mess we are in now.

Financial products from hell, created by hired guns of all scientific faculties except financial specialists.

Because any small town bookkeeper would have seen through the lousy schemes?

Great, no? Can’t wait until the inside stories are coming to light. I think many more scandalous dealings are now conveniently buried in this snafu and I fear that I shall be proved right soon.

The bigger the heap of dirt and folly the greater the possibility that these idiots are rescued and parachuted softly to safety.

There’s a new word for untrustworthy scoundrel – investment banker.
Our world runs on sentiment.
That’s why there are so many lies out there – to keep sentiment up.

But sentiment is not good since Lehman Brothers had to seek protection under chapter 11, not that the mood was a very happy one before that but now it has hit a true low.

The chickens are definately on the way back home to roost and sadly this bad business of bad business will also affect those who had never anything to do with it.

So many of thems in high places and pin stripes are nothing but con artists and I can only hope that as many as possible will smoke for it. The worst effect of those financial shenanigans is that trust in the crippled system will not be regained just like that, people’s savings and pensions will suffer and poorer countries will receive less help than ever before.

People may for some time not be inclined to believe that there is security and neither will they be in for for big spending because many of them can’t even if they wanted to as credit is squeezed like never before.

Investors sentiment will plummet for some time and risks will be averted like hell.

It’s gonna get worse before it gets better but better it will get and that big time.

Because the survivors of this doomsday scenario, that reshuffling of players and cards will lead to huge profits for those agent profiteurs who can now begin to snap and gobble up the tasty debris of their less lucky and smaller competitors.Like Barclays just did, nice bargain slice of Lehman, yum-yum.
Only the taxman will be unhappy as huge write downs will be offset to minimize tax burden.

Today’s write downs are tomorrows’s profits.
For the likes of Goldman Sachs, Bank of America and Citi Group etc. the future is already beginning to look very promising.

While depression about the sad state of affairs is trickling down to you and me and out of our pockets.
While we realize what kind of a rotten system we live in.
Still some politicians are taking to blunt misinterpretation of the facts to say the least.
To keep sentiment up.
That’s why there are so many liars out there – to keep sentiment up.

But even this deep and ugly crisis holds a light of hope hidden within.
Huge opportunities are waiting in the wings in need to be discovered and developed.
Recovery is imminent.
Good times are round the corner.
Not the very next but right up the street we’re walking.
Believe in it.
By hook and by crook.
If you catch my meaning? )

This article published by MIZPAH Magazine -  ©2010 www.mizpah.tv

© Helena Lind

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