They say that a picture is worth a thousand words. Well if that's the case Just please feast your eyes on a Rembrandt . This thing must be worth a million GM shares.
Now, I appreciate good jokes and love to watch old stand up concert movies of guys like Richard Pryor, Eddie Murphy and George Carlin. It wasn't until I looked at the above mentioned mess, however, that I squirted coffee through my nostrils for the first time.
There is an uneasy feeling you get when looking at something that caused so much misery...knowing you just laughed your guts out about it. That having been said, we've redefined insanity...so why apologize for acting crazy?
Whether you choose to blame those that created this structure or those who entered into it, the point is really moot. The mortgage crisis has not be resolved by one single iota and still stands. Insolvent, stupid and deadly as it was two, four and six years ago.
The only real difference is that today it is business as usual. Two years ago we were shocked. Four years ago we were in denial. Six years ago we absolutely loved it.
Yesterday, a cancer ridden former beauty queen on her death bed was once again wheeled out before the judges. Not two years after dying on stage at her last pageant. Equipped with a new body and the same rancid organs. They gave her high marks. They told us she was beautiful. They pillaged her and us all.
She opened at 33, rose to 35 and closed around 34.
We really will never ever learn from a damn thing.