Paul Krugman explains how the financial industry is still screwing us

[Cyrano]

From Krugman's column in today's NY Times.

http://www.nytimes.com/2009/07/17/opinion/17krugman.html?ref=opinion

"The huge bonuses Goldman will soon hand out show that financial-industry highfliers are still operating under a system of heads they win, tails other people lose. If you’re a banker, and you generate big short-term profits, you get lavishly rewarded — and you don’t have to give the money back if and when those profits turn out to have been a mirage. You have every reason, then, to steer investors into taking risks they don’t understand."

I guess that no matter who's running the government, we're just going to have to accept the fact that the world is made up of fuckors and fuckees. So I guess we just have to accept our station in life as fuckees, or ... or what??? Have a second American Revolution? Beats me.

But until there are fundamental changes to our system of government and finance, we are going to get screwed every single day of our lives. So my question is, exactly who is it that is going to make those changes?

[PA Democrat]

1. K & R. Just think how much money you could make in Vegas

if someone else always covered your losses, but allowed you to keep your winnings.

[Cyrano]

2. Yep. That's exactly what Paul Krugman is telling us.