Those dice rollers on Wall Street are incredible! They feel no shame and they feel so important, too. Not only important, but untouchable as well. That last part may change soon as the Feds continue to investigate the ‘games’ the boys were playing with other people’s money.
I’ve never been to Vegas but it sure would be more fun to go with money given to you from someone who says, ‘Gamble away and if you lose, at least you had fun doing so!’ Other people’s money. Like the $5 bill my aunt gave me once when I went on vacation with my parents.
The trouble is that people who invested their money in the market ASSumed that it would be invested properly by mature adults, not adolescents playing games with it. Yet, that’s exactly what ‘Wall Street’ became- a game, like one of those addictive video games that teens play. Addictive as in gambling. Even more ‘fun’ with other people’s money when whatever you do with it, you win. Like salary and bonus, big bonuses whether you win or lose.
Wall Street morphed into a Casino, plain and simple and we didn’t know it was happening. No one was looking, no one was investigating, no regulations, no rules. As with all casinos, the house always wins, especially when the Federal government is there to bail them out, and the poor schleps lose.
I conjure up in my mind a scene of a teenage boy with daddy’s credit card having a great time because, after all, it isn’t his money. Logic, caution and wisdom fly out the window when it’s somebody else’s money.
Billions of dollars in ‘profits’ and the Federal government has your back. It’s a dream come true, play time, big time. It’s an addictive-personality disorder with rewards- a virtual playground of adrenalin rushes, with no limits, no penalties, no ‘go to jail’ card-white collar crime to the max.
And here we are, the victims, the ones whose savings and pensions have been robbed by the boys play’n games with our lives, our futures. Our towns and cities devastated, neighborhoods ruined, jobs lost, homes lost, lives wrought with worry and hopelessness. The American dream deferred.
Hang the CEO’s high on public gallows assembled on Wall Street itself. Perhaps only then will the ‘boys’ finally become fully-functioning adults and only then will they see the consequences of their actions.