The Financial Crisis, Rolling Stone, and Poop
I’ve got a lot of links to give. First of all, President Obama basically fired the CEO of GM today:
http://blog.wired.com/cars/2009/...
How cool would it be if Obama had an Apprentice-like television show? Pretty damn cool is the answer.
In that special way the internet has of leading one around by the nose, I then ended up reading this list compiled by Rolling Stone of the 12 bankers and brokers most responsible for the financial crisis:
http://www.rollingstone.com/poli...
And that led me, finally, to this:
http://www.rollingstone.com/poli...
Matt Taibbi has become my favorite political reporter and this is another example of why. He’s also managed to make Rolling Stone relevant again, which I didn’t think was possible.
The car companies seem to be receiving much harsher treatment than the Wall Street types, which strikes me as odd, since it’s the Wall Street types who blew up the friggin’ levee and swamped us all in a flood of poop. I certainly hope for the best with this bailout business, but I expect the worst, which is more of the same. Poop by any other name still smells like poop.
So, does anyone else have any thoughts on the latest developments? Any other relevant links? Perhaps a few hundred bucks to help me pay the rent?
financial crisis, Obama, gm, matt taibbi, rolling stone, poop
Coming to Indy from a city in Michigan where nearly ever single family I knew had a member employed by GM or one of the other ‘Big Three , it’s good to see some action happening. By the state of Michigan’s economy and the automotive market in general, the outlook is not so good. I’m keeping my fingers crossed this is a step in the right direction.
I agree, the auto makers do seem to be getting their fair share…maybe just the beginning? Got to start somewhere I guess.
Drinky_McGee : RE: The Financial Crisis, Rolling Stone, and Poop More..
The thing that bothers me is that the automotive industry is directly or indirectly responsible for the employment of millions, yet the public seems more upset about bailing them out than about bailing out the bankers. Maybe it’s just because it’s happening after the bankers and people are feeling pushed over the edge.
Anyway, I lost my job due directly to the credit crunch that in turn screwed the automotive industry more than it was already screwed. I worked for a place that sold ads to car dealers and the lack of available credit from banks put a huge squeeze on those folks, causing them to cut corners or close completely. The domestic automotive industry has been mismanaged for years, but the actions of those Wall Street buggers is what put the final straw on the camel’s back. The current plans are too late for me, but I hope it can stop more people from losing their jobs.
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