Monday, January 5, 2009

No, I will not cry about the financial meltdown

No, I will not cry about the financial meltdown

Because after all, this is a positive blog environment :D

I say boo-hoo to all the new Bear Sterns, Freddie Mac, Fannie May, AIG, Merrill Lynch and Lehman Brothers employees, and who realized they won't be staying for that long at their new job.

I say the market needs a correction, so let it correct itself. I am talking to you Uncle Sam! Let go of your government protection and dissolve the banks that hired the geniuses to sell subprime mortgages, and then bundle them with good mortgages in one package.

They say that after every forest fire, the trees grow bigger and stronger. Well, let Wall Street burn, this is the only way they will learn from their mistakes and truly come out ahead.

And another bonus: Maybe this will finally scare more smart kids to study science and engineering instead of business. :)

Alternative title for this blog was:

Capatalism's free hand: redirect resources in society to its optimal level

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