This Modern World: An innocent fable of a very wealthy man

meegbear

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Tue Jan-04-11 08:13 AM
Original message

This Modern World: An innocent fable of a very wealthy man

How could he have known the Nigerian-e-mail-backed derivatives market would collapse?

http://www.salon.com/entertainment/comics/this_modern_world/2011/01/04/this_modern_world

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xchrom

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Tue Jan-04-11 08:19 AM
Response to Original message

1. ...

:spray:

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pinto

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Tue Jan-04-11 08:24 AM
Response to Original message

2. Kick

:kick:

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deutsey

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Tue Jan-04-11 08:45 AM
Response to Original message

3. "He is too rich to fail."

That says it all. :evilfrown:

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raouldukelives

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Tue Jan-04-11 08:52 AM
Response to Original message

4. Classic

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onehandle

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Tue Jan-04-11 08:58 AM
Response to Original message

5. It's not funny because it's true. nt

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Vickers

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Tue Jan-04-11 09:02 AM
Response to Original message

6. Ouch.

k&r

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COLGATE4

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Tue Jan-04-11 09:11 AM
Response to Original message

7. Tom Tomorrow makes more sense than all the MSM talking heads

put together.

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chervilant

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Tue Jan-04-11 04:25 PM
Response to Reply #7

27. hmm....

Don't tell RadicalActivist that...

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bullwinkle428

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Tue Jan-04-11 09:16 AM
Response to Original message

8. A fan-friggen-tastic way to start the morning! K&R.

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Capitalocracy

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Tue Jan-04-11 09:20 AM
Response to Original message

9. Love it.

A top hat and a monocle on the very rich man? That's just racist. Promoting totally unfair stereotypes. Tsk tsk.

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FormerDittoHead

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Tue Jan-04-11 09:22 AM
Response to Original message

10. Let's not forget that many of these wealthy men weren't even Americans!

The thing that offended both the right and left parts of my brain was how we bailed out FOREIGN INVESTORS who had chosen to invest in AIG, etc. to get 20% returns.

But then I saw that Scottish BILLIONAIRE on a little show called 60 minutes tell his story about how much he lost on AIG, et al. As AIG investors were 100% reimbursed it BOGGLED MY MIND to think that OUR money was going to some rich foreigners. When *I* made bad investments, the gov't was magically absent from helping me out recover my losses...

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liberation

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Tue Jan-04-11 01:56 PM
Response to Reply #10

19. Really that is what offended both parts of you brain?

I take that home-grown billionaires robbing you blind are A-OK then?

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FormerDittoHead

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Tue Jan-04-11 02:42 PM
Response to Reply #19

25. Perhaps I'm too much of an accountant...

When a business goes bankrupt, the remaining assets are distributed in a particular order. For companies, bond holders and creditors are reimbursed before premium stocks, then regular equity stock holders.

So the order of who got paid what is important, and when it came to getting money from the gov't for investments which were otherwise not insured by the gov't I think of who should be last in line, and I stand guilty for favoring Americans over people who are not.

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phasma ex machina

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Wed Jan-05-11 03:23 AM
Response to Reply #10

37. Machiavellian banksters in the City of London (the fabled square mile in the heart of London)

seem to control Anglo-American wealth.

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jimlup

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Tue Jan-04-11 11:41 AM
Response to Original message

11. Hits the nail on the head perfectly

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gratuitous

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Tue Jan-04-11 12:00 PM
Response to Original message

12. What?!

The very wealthy man didn't "earn" a profit on his investment in Nigerian-email-backed securities? He was just reimbursed his reckless investment? It's socialism, it is! The only solution is another round of tax cuts for the very wealthy man. Tighten your belts, everyone else.

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Edweird

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Tue Jan-04-11 12:10 PM
Response to Original message

13. Once again he hits it out of the park.

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HughBeaumont

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Tue Jan-04-11 12:16 PM
Response to Original message

14. K & R. Here, likely, is where the investor eggheads come in and cry "False equivalency!"

"Mortgages and Derivatives AIN'T TULIPS!!!!"

Which, of course, is besides the point. No matter how they do it, the wealthy are almost NEVER made to pay for their theft, screw ups or felonies. As a matter of fact, they often come out richer, more ubiquitous in power and continuing the same behavior as they did before.

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ck4829

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Tue Jan-04-11 01:10 PM
Response to Original message

15. K&R

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PA Democrat

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Tue Jan-04-11 01:16 PM
Response to Original message

16. Love it, especially the "Action McNews Network."

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nxylas

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Tue Jan-04-11 06:53 PM
Response to Reply #16

32. Is the Action McNews Network owned by the Very Wealthy Man?

Or does he just buy a lot of advertising space on it, meaning that they wouldn't want to offend him by suggesting that he suffer some of the consequences of his actions?

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baldguy

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Tue Jan-04-11 08:02 PM
Response to Reply #32

34. Yes, and yes. He pays himself to put his advertisements on his network.

With a hefty commission, of course.

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Solly Mack

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Tue Jan-04-11 01:18 PM
Response to Original message

17. K&R

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Uncle Joe

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Tue Jan-04-11 01:56 PM
Response to Original message

18. Kicked and recommended.

Thanks for the thread, meegbear.

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frylock

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Tue Jan-04-11 01:59 PM
Response to Original message

20. knr

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truedelphi

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Tue Jan-04-11 02:10 PM
Response to Original message

21. Now there's someone I'd approve of getting a Nobel Peace Prize

At least he's made me laugh every week for the last sixteen years.

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avaistheone1

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Tue Jan-04-11 02:20 PM
Response to Reply #21

22. I'll second that.

:kick:

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DeSwiss

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Tue Jan-04-11 02:28 PM
Response to Original message

23. Rush approves of this cartoon! URRRRPPP!!!!

- K&R

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TBF

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Tue Jan-04-11 02:36 PM
Response to Original message

24. K&R nt

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DesertDiamond

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Tue Jan-04-11 03:14 PM
Response to Original message

26. Meanwhile, the people who bought houses they would later lose to foreclosure deserved to lose them.

They're all stupid deadbeats who knew they couldn't afford a house. Let them all live in the street!

I'm reminded of a song from Finian's Rainbow:

"When a rich man loses on a horse

Isn't he a sport, oh isn't he a sport?

When a poor man loses on a horse

He's a gambler, he's a spender

He's a low life, he's a reason for divorce!"

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femrap

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Tue Jan-04-11 04:50 PM
Response to Original message

28. This is great! nt

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WillyT

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Tue Jan-04-11 05:22 PM
Response to Original message

29. K & R !!!

:kick:

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L0oniX

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Tue Jan-04-11 05:38 PM
Response to Original message

30. K & R

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underpants

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Tue Jan-04-11 06:35 PM
Response to Original message

31. Why is he picking on Dr.Phil?

Edited on Tue Jan-04-11 06:35 PM by underpants

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Soylent Brice

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Tue Jan-04-11 07:20 PM
Response to Original message

33. K&R

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The Wizard

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Tue Jan-04-11 10:00 PM
Response to Original message

35. Too big to fail banks

seem to follow the blueprint set forth by Max Bialystok in "The Producers."
Mel Brooks is a seer.

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XOKCowboy

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Tue Jan-04-11 11:13 PM
Response to Original message

36. TMW Kick and Rec

Spot on as usual.

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defendandprotect

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Wed Jan-05-11 05:23 AM
Response to Original message

38. This kind of stuff needs to constantly be in our faces... on our walls, in front of our eyes....

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Pooka Fey

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Wed Jan-05-11 06:18 AM
Response to Original message

39. K&R

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CanonRay

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Wed Jan-05-11 08:13 AM
Response to Original message

40. Laughed too loud and woke my wife up

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