Monday, March 30, 2009

Financial Bailout Article by Matt Taibbi in Rolling Stone

As someone with a growing background in Finance, I found Matt's article to be very fascinating. He succinctly put into perspective the problems we're facing with the recent financial meltdowns and concurrent government support. All while using some awesome metaphors for complex financial topics.

His best metaphor for the bailouts is something like "giving crack to an addict". Basically he was referring to the US government giving money to the same people (big banks & insurance companies) who made the bad bets that put us in the position we're in now.

So my question is: what can somebody like myself do about the apparent unending attraction of big business and big government? And unfortunately himself, Obama, isn't completely immune from the supplication of big business. So where does that leave us average folk?

The financial game is so large it's supposedly too-big-fall and if the government's efforts are not enough, will the US government fall with it?

I wonder if Dinosaurs had this type of coming to Jesus conversation just before they fell into the tar pits...