Friday, August 1, 2008

Help your banker cover his blunders


Many historians agree that Karl Marx's greatest achievement was his excellent and insightful critique of capitalism. After all, he witnessed it in the raw, when its practice placed very heavy burdens on workers, practices we'd find cruel and reprehensible today. One of Marx's notable critiques was that, in capitalism, the profits are privatized but the losses are socialized.

In other words, it is win-win for the investment banks. Please keep that in mind as you navigate the credit crisis we live with today.

What do you do when the banks are too big to fail, when the "well being" of the economy depends on cleaning up after their messes?

You suck up:

Sucking Up to the Bankers: A Bipartisan Lovefest