Ananthoo's updates

When all trees have been cut down, when all animals have been hunted, when all waters are polluted, when all air is unsafe to breathe, only then will you discover you cannot eat money. - Cree Prophecy

Sunday, October 19, 2008

a dummies guide to this financial crisis!

hey this is hilarious and educative at the same time:-) thanks pradeep for the link!
am just reminded of a sentence i saw long back about capitalism, which wud mean something like - 'profits are privatised and losses are socialised'.. isn't true across the globe? as long as the lehman & other financial firms, oil industry, airlines, big IT (before that bust I mean), etc enjoyed every bit of the fake boom (created by themselves) and all the profits that were garnered then, it was all fine, for them that is! and when they had a big crisis (which anyway was looming large all along because of their style of operation) it had be the governments or in other words our collective pockets that had to bail them out or suffer the loss (indirectly though).

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