Monday, September 22, 2008

Wall Street's Vanilla Sky

Wall Street investment houses, severely mauled by the financial crisis, called for "customer support" last week. Their lucid dream came to an end with the conversion of Morgan Stanley and Goldman Sachs to commercial banks. It's their latest attempt to replace reality with a better life, under Monet like skies.

The story had the supportive father figure of wholesale home ownership, the loving girlfriend of fast credit, and the chiseled good looks of investment bank good health. They were all fake. After seeing its reflection in a high rise window, mortally wounded Wall Street confusingly cried out “customer support”. Treasury's Hank Paulson showed up to help manage the consequences.

Hank knows, because he helped write the program which allowed unregulated products, off balance sheet items, and widespread use of credit derivatives, legalized gambling to provide "peace of mind." The glitch in the program turned peace into mental torture. Hank asked:

“What is happiness to you, Goliath?”

“I want to live a real life. I don’t want to dream any longer.”

Time to wake up America. Time for life without Wall Street and it’s fake love of enticing credit.

“I’ll see you in another life, when we’re both cats…”

Welcome to Bush’s Vanilla Sky, the fake world of high finance that's imploding. Time to live....

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