Blood on Wall Street
The Dow Jones Industrial Average dropped 449 points today and 500 points on Monday. Lehman Brothers, a financial services firm over 150 years old, filled for bankruptcy on Monday. Combine that with an $85 billion federal bailout of AIG and we have a financial mess.
Personally, my feelings are hurt. I’ve been following the market for sometime now, and until today, I viewed the people on Wall Street as extremely intelligent people, but now I see a different side of the environment: dangerous greed and complete disregard for the working class, all for their financial gain.
It really pisses me off that no one comes out and says that this is borderline criminal activity. The origin of this collapse is the sub prime mortgages, and George Bush used to run around and say, “more people own homes now than ever.” Why doesn’t the media run clips of him saying that? I feel that George Bush influenced Congress to influence Wall Street to get people into homes they couldn’t afford via sub prime mortgages.
It’s fucking sickening. Not to be a pessimist, but the mainstream media is really hiding how serious of an issue this really is. This has been compared to the Black Monday of 1987 and The Great Depression. The people who have been responsible with their money and have nothing to do with this insanity are going to be the ones affected by it through higher taxes and a turbulent economy. I’d like to see a criminal investigation launched against those responsible.
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