Skip to comments.WE ARE WALL STREET
Posted on 10/02/2009 9:32:27 AM PDT by ignorancerunsrampant
We are Wall Street. It's our job to make money. Whether it is a commodity, stock, bond, or some hypothetical piece of fake paper, it doesn't matter. We would trade baseball cards if it was profitable. I didn't hear America complaining when the market was roaring to 14,000 and everyone's 401k doubled every 3 years. Just like gambling, its not a problem until you lose. I have never heard of anyone going to Gamblers anonymous because they won too much in Vegas. Well now the market crapped out, & even though it has come back somewhat, the government and the average Joe's are still looking for a scapegoat to blame. God knows there has to be one for everything. Well, here we are.
Go ahead and continue to take us down, cause you are only going to hurt yourselves. What is going to happen when we can't find jobs on the street anymore? Guess what, ...we are going to take yours. We get up at 5am and go out after work till 10pm or later. We are used to not getting up to p*ss when we have a position. We don't take an hour or more for a lunch break. We don't demand a union. We don't retire at 50 with a pension. We eat what we kill, and when the only thing left to eat is on your dinner plates we are going to devour them.
For years teachers and unionize labor has had us fooled. We were too busy working to notice. Do you really think that we are incapable of teaching 3rd graders and doing landscaping? We are going to take your cushy jobs with tenure and 4 months off a year and whine just like you that we are sooooo underpaid for building the youth of America. Say good bye to your overtime and double time and a half. I'll be hitting grounders to the high school baseball team for 5k extra a summer, thank you very much. So now that we are going to be making 85k a year without upside, Joe main street is going to have his revenge right? Wrong!!
Guess what....we are going to stop buying the new 65k car, we aren't going to leave the 35% tip at our business dinners anymore, no more free rides on our backs. We are going to landscape our own back yards, wash our cars in with a garden hose on our drive ways. Our money was your money, cause we spent it. Difference is you lived off of it, we rejoiced in it. The Obama administration and the Democrat National Committee might get there way and knock us off the top of the pyramid, but its really going to hurt like hell for them when our fat asses land directly on the middle class of America and knock them to the bottom. We aren't dinosaurs. We are smarter and more vicious than them, and we are going to survive. The question is, now that Obama is making Joe Main street our food supply... will they?
Yeah, my business tends not to hire those that engage in criminal activities, including securities fraud. Good luck to ya.
The market didn't "crap out." After reducing mortgagee's documentation requirements as far as they could go, mortgage lenders finally ran out of yutzes to sign on the dotted line for over-inflated real estate to support a market-based Ponzi scheme. The pyramid structure collapsed like they always do when they run out of suckers, and those who participated in the scheme have nobody to blame but themselves.
That's not the same thing as a market downturn.
And your house tripling in value in six years was not real. Someone was smoking the Hopium.
No, it wasn't... which is why we never pulled the trigger on a cash-out refi, which is in turn another reason why we're not bankrupt right now. Thank God.
The local real estate market around here didn't go quite that nuts anyhow.
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