merrie says: No waitress, factory worker, clerk or bottle washer ever got to deliver a “Take this job and shove it!” like that. Did any country western star ever even think of writing that one? Boo hoo. That’s for the rest of us, because Jake, his boss Edward Libby, these nameless credit-default swap electricians … the ones Jake says shafted us when he was honestly raking in a couple million a year as a financial products plumber in that crappy house … and all the pols and bureaucratic building inspectors who stood by, have put us in a position where we have to pay people who made obscene amounts of money on this screwed-up system even more obscene amounts of money to unscrew it. If in fact that is what they are doing, a point about which I am not confident. I bet we can fly in a planeload of financial brainiacs from Bangalore at a fraction of Jake’s price. Outsourcing Wall Street to India. That’d get their attention. Steyn at The Corner notes a technical problem with that idea. The TARP crowd is running the work-permit Indians out. Too bad. He adds: You can certainly make the case that a lot of financial-sector execs are, like property and stocks, mostly mediocre assets that got used to being ludicrously overvalued as a permanent feature of life. But that doesn’t change the reality that Barney Frank-style demagoguing is not just a distraction but actively making things worse - not for the AIG guy, but for you.No argument here. A pox on Frank’s house, too. You know,[url=http://news.bbc.c... |
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