Financial Disaster: The Musical

I don’t have a lot of useful stuff to say about the current financial crisis (except that no one should be surprised what happens when you combine leverage, financial engineering, a familiar mania, and a near complete failure  in the assesment of moral hazard; it’s happened before, and it will happen again.)

Lots of folks who blog, and are therefore self-appointed founts of opinion, have similar problems.  Some have turned to that which soothes the savage beast to try and account for the seemingly sudden evaporation of something on the order of five percent of our GDP in one week.

I thought I’d do the same, but I’m not subtle like the likes of Ta-Nehisi Coates.  I think Woody nailed it a long time ago:  bad guys steal your wallet; really bad guys strip you down to scorched earth.  To put it another way, I think this song expresses the reason I do not want to let the Bush Administration loose with any fountain pen.

Enjoy:

Image:  Currier and Ives, 1875.  Source:  Wikimedia Commons.

Explore posts in the same categories: Economic follies, political follies, Politics, pop culture, quis custodiet ipsos custodes, Republican knavery

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