Help the Bankers; Play the Game

10/27/08 | Antenna Wilde

[Antenna Wilde]

I should have gone into banking, but unfortunately I'm not related to anyone who's related to someone who's sleeping with a Rothschild. Still, I could have been a Wall Street trader; it's like being a professional gambler but without the risk. Zero-risk trading not only creates a moral hazard but ultimately ends in theft of the taxpayer's money. Proponents of the bailout bill (including Obama and McCain) claim that if we didn't give the bankers 700 billion dollars, we might not be able to get loans, but wasn't giving out loans to unqualified recipients part of the problem to begin with? 700 billion dollars means 2,500 for every man, woman and child, and if you consider the kids aren't paying, it's 5 grand for each of us. How is that going to help the economy? The answer is simple; it's not, but a handful of billionaires will get to buy a dozen more yachts, and building those yachts will provide jobs to yacht-builders. That's a "Free" market. And more importantly, there's nothing you can do about it because you're not in charge, the bankers are. Welfare for bankers is like playing a game of tennis where every time you score a point, your opponent says, "That didn't count." And every time he scores a point, it counts as double. Who would play such a game? But that's the beauty of government sponsored banking; you don't have a choice. I'm going to call it, "G-Banking"; they tell you what your paper is worth, and then print more while you're sleeping. Suddenly you're "in debt" and can't figure out why your kids have to pay for it. Where are the record profits that were made before the "crash"? Some say the Cayman Islands, others don't know. Personally I don't think it matters —it's just a game, and the truth is, games aren't real.