They Need Their Bonuses

 Always remember, and never forget: American Capitalism is sharp of claw and red of tooth; it needs not the meddling of briefcase toting bureaucrats or pointy headed regulators; all it needs is to be unleashed upon an economy, and that economy will prevail; and all will benefit, with riches unimagined, untold and, it seems, unseen for all. 

The contra-epitome of that statement was last seen with the buildup to the great civilian real estate catastrophe of the 2010s.

All those banks knew just what they were doing and violently opposed any intervention from cooler heads.

When the inevitable implications of dead people, dogs and turtles being responsible for the payment of mortgages, and when the inevitable implications of the banks having packaged the dogs, turtles and dead people into what were called "tranches" of bigger investment vehicles called - I can't remember what they were called - all came home to roost, the world economy nearly disintegrated.

No problem.

The American taxpayers chipped in generously and enthusiastically and the world moved on.

I have never been sure how that was a shining example of a system that was/is "sharp of claw and red of tooth; it needs not the meddling of briefcase toting bureaucrats or pointy headed regulators; all it needs is to be unleashed upon an economy, and the economy will prevail; and all will benefit, with riches unimagined, untold and, it seems, unseen." 

But I have always been a negative guy.

So it is not surprising that I can't see the upside of that statement.

So, as we all sit in the great theatre of the absurd and watch the American economy careening to yet another bank crisis - the inability of the owners-of-all-those-office-buildings-out-there to pay their mortgages (because an amazing number of Americans are refusing to be stupid and get in that pollution-choking line of cars stalled on the freeway every morning to go to an office where they probably will do 60% of the work they would do if they stayed home and worked on-line and that means less butts in the seats in the vast tall buildings in the vast vapid downtowns) I suggest that the taxpayers go out and get some Vaseline.

Or maybe estrogen.

I don't really know if there is a way to deal with the multi trillion dollar bailout that is imminent.

We all (those of us in the 99%) are going to find out, though.