I need a bailout for my Beemer
Secretary Paulson and Chairman Bernanke, are you listening? Here’s the thing: I need a bailout for my BMW. You see, when I bought it, the price was high, but the economy was good. I got a good interest rate, and the money worked. But now the price of my BMW has - (gasp!) - gone down! This means I’m going to lose money! This is simply not acceptable.
Nevermind the fact that, when things were good, I yelled from the rooftops that government needed to stay out of my business! Less regulation! Less oversight! Leave me alone, I’ve got everything under control, and you’re just getting in the way.
But assets aren’t supposed to go down! That’s completely crazy. I know, I know, “what goes up, must come down,” but the idiot that came up with that phrase obviously wasn’t schooled in modern portfolio theory or Keynesian economics. After all, we live in an advanced, New Era economy, where the Federal Reserve can create money and credit to ensure we not only have the things we need, but every possible thing we want or think we want too.
So when I heard about the $700 billion you’re offering, I’d like to
read onWe’re gonna put you in a position…
…to have as many as 4 people reporting to you. How does that sound?
After years of fighting the forces of chaos from the bottom-up, I was passed the management cup and, this time, took a sip of the punch. Once it hits your lips, it’s so good! While it is the default corporate promotion path, I think it’s worth recognizing that it’s not for everyone. Consider this:
I was the “de facto manager” at my ex-employer, Sun Microsystems during the dot.bomb implosion. Sun went from soaring like an Eagle to crashing like a Delta, finally arriving at the breakup-sex marketing phrase Why Not? Yes, if you look at that cute little 35x-peak there, the stock really did go from 3 to 80 back to 5 in 4 years.
Where was I going with this? Oh yeah, so, my manager left (one of the few smart ones). But, there was a hiring freeze, so as a replacement we got an “interim manager” from the Bay Area.
read on