Article About The Big Short Is Short

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The good thing is, I read the book. The bad thing is, I’m still waiting for someone to address the unspoken reality of where the world is today regarding banking and finance and, of course, the (unending) great recession. The thing that gets me is that every time I read something about The Big Short (movie) or the problems of the banking industry I have to smirk and giggle. I cannot believe that no one has written about what’s really going on. Ok. Ok. I’m sure the book as been written. Hopefully someday I’ll find it. Until then I can only go with what I’ve got–as pretentious as that may be. With that in mind, I’ll assume the movie version of The Big Short is at least as accurate as the book. Based on that, here’s a summary of the ship we’re all aboard.

  • Banking is in full collusion with government.
  • Compensation of bankers is no different than hush-money.
  • What’s behind the revolving door between the SEC and bank board rooms should be as scary as the threat of nuclear war or terrorism.

The lack of action on the part of politicians should be an indication of how deeply embedded the problem really is. But, I suppose, in the end it doesn’t matter if someone writes the right book which then can be made into a movie by bored, rich actors so as to give them (and their lives) a feeling of worth and value. (Just have a look at who produced The Big Short.) The simple fact remains: the ship has sailed and the only destination available for it is tragedy. Some might even say that we’ve long since landed on tragedy. But I don’t think that’s the case. Tragedy is out there but it’s still far off as the world enjoys its love-boat. Indeed. The world and the crisis we are in is simply not bad enough to make anything happen that could force a correction. The idear of a forced correction alone is worth writing a book about. Seriously. A phoenix can’t rise if the whole shebang hasn’t burnt to ash. Or? Oh well. As usual, I’m off subject.

The article below is a winded one. I mean, it’s really, really long. And you know what it says? Nothing. Absolutely nothing. But it also says a lot of nothing. And as I read through it I couldn’t help–between all the snickers and giggles–to keep whispering out loud: boy am I happy that I don’t have a thing vested in this system. I also would whisper: man, all those people vested in this system are fucked. Because of the carnal aspect of what’s going on these days, it’s not possible for something to come about that could/would correct the dead ship to tragedy we’re riding. The reality is this: everything being done by government and banks is for the sole purpose of keeping the ship afloat–not changing its direction. And get this: a change in direction would mean a change in those aboard. And so. When ever I come across an article like the one below I hope to come across at least a minor mention of where change could begin. But, as usual, I’m always disappointed.

Rant on. -Tommi

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Tom

Just another expat blogger.