Thursday, November 17, 2011

Awesome Post by Ritholtz

I've written similar posts (calling it a Corporate Plutocracy or Oligarchy) but sometimes other people are far more eloquent than I am.... this morning Barry Ritholtz (who essentially is the 'godfather' of financial blogging) wrote a doozy - The U.S. is a Corporate Monarchy

I did an interview with a print reporter yesterday about what has been going on with lack of prosecutions, the banks, and Wall Street in general. We discussed the corrupt exchanges and HFT.

I dropped lots of F-Bombs, called out cowards and crooks and held nothing back. (“That $%$%#@ belongs in prison; this son of a @&*^% should hang“)

Afterwards, she commented that I seemed angry.

I wrote back suggesting that I am a happy dude, and its not Anger — its closer to an ineffable sadness that comes once you realize you have lost something dear. I am old enough to have grown up when this nation was a Democracy, but that era has passed. We now live in a nation no longer run by the citizens — it is aCorporatocracy — and that makes me sadder than angry . . .

She suggests perhaps a better word is outraged.

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.

Copyright @2012