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The Bigger Fool Theory
There is a story they tell of the history of tulip bulbs. For some damned reason, centuries ago, Europeans went gaga on tulip speculation. Tulip bulbs were not as common as they are now and the beauty of the flowers was highly prized. So one man would sell another a bulb at an outrageous price. Then that man would try to find a bigger fool to buy it from him at an even higher price. It all collapsed when some dude mistook a bulb for an onion and try to take a bite out of one in public. People asked themselves, what are we doing paying big bucks for a plant?
Some similar concepts are those pyramid multi level marketing schemes, pump and dump stock schemes and the boiler room stock schemes.
In the case of 700 billion dollar bail out the bigger fool is you. And me. And all of the taxpayers. Or in short the government. We are about to buy a pig in a poke. We are about to be the biggest losers, dumber than a fifth grader. The biggest fools going.
When the thieves of wall street could see they were about to be stuck with a lot of bad paper, they grabbed the last chair, the one we were going to sit on and left us flat on are ass.
Hell you’d think we would at least get a house out of the deal but we won’t. We will get a lower credit rating, a devaluation of the dollar, higher debt, and higher taxes. The gift that keeps on giving.
And if we don’t do it, these extortion artists will bring the economy crash down on us. It is true that democrats brought us to this pass by forcing loans to people who could not pay them back. But it is Republicans who took the bait. It was the right wing on wall street who packaged and bought and old bad loans in search of the bigger fool.
What would you significant other say about it if you went down to the swap meet and paid $1,000 for a mystery box. You get it home and it’s full of rotten fish. That’s what these wall street con artists have done. They bought packages of bad loans without knowing what was inside. And these Wall Street Wizards are smarter than me how? Oh yeah, they are smarter than me because when they fail they can get me and the rest of the taxpayers to pick up the tab and they get a golden parachute. Yeah, that’s pretty smart. I have never lied as well or as effectively. Wall street lies even better than politicians. Astonishing. I did not think it possible. Someone who tells bigger whopper than a politician.
By the way, there is an opportunity of the conspiracy theorists here. Suppose that insane klown posse known as wall street actually knew the mystery package was full of slimy, three month old fish. They bought it in furtherance of some corrupt screen that backfired or saw the light of day a little too early…
Fools gold on fish wrap to go.
Some similar concepts are those pyramid multi level marketing schemes, pump and dump stock schemes and the boiler room stock schemes.
In the case of 700 billion dollar bail out the bigger fool is you. And me. And all of the taxpayers. Or in short the government. We are about to buy a pig in a poke. We are about to be the biggest losers, dumber than a fifth grader. The biggest fools going.
When the thieves of wall street could see they were about to be stuck with a lot of bad paper, they grabbed the last chair, the one we were going to sit on and left us flat on are ass.
Hell you’d think we would at least get a house out of the deal but we won’t. We will get a lower credit rating, a devaluation of the dollar, higher debt, and higher taxes. The gift that keeps on giving.
And if we don’t do it, these extortion artists will bring the economy crash down on us. It is true that democrats brought us to this pass by forcing loans to people who could not pay them back. But it is Republicans who took the bait. It was the right wing on wall street who packaged and bought and old bad loans in search of the bigger fool.
What would you significant other say about it if you went down to the swap meet and paid $1,000 for a mystery box. You get it home and it’s full of rotten fish. That’s what these wall street con artists have done. They bought packages of bad loans without knowing what was inside. And these Wall Street Wizards are smarter than me how? Oh yeah, they are smarter than me because when they fail they can get me and the rest of the taxpayers to pick up the tab and they get a golden parachute. Yeah, that’s pretty smart. I have never lied as well or as effectively. Wall street lies even better than politicians. Astonishing. I did not think it possible. Someone who tells bigger whopper than a politician.
By the way, there is an opportunity of the conspiracy theorists here. Suppose that insane klown posse known as wall street actually knew the mystery package was full of slimy, three month old fish. They bought it in furtherance of some corrupt screen that backfired or saw the light of day a little too early…
Fools gold on fish wrap to go.
