Time for Lutefisk!

I generally try not to get politically charged in theses pages, but sometimes I can't even keep my mouth shut... so if I offend, sorry, but enough is enough already!

Sooner or later it had to come to this, and sooner is now upon us. All those smart guys from Ivy League Schools with the long pedigrees are sweating bullets now that the bill for their outrageous stupidity is coming due.

Hey, they just thought they would make a quick buck here and there and profit from a loophole or two that wasn't closed up and locked down.
It was almost a perfect scam, what with the money being sold over and over again, relieving them all of responsibility once the paper passed on to another entity.

But they got too greedy, and started selling mortgages to anyone who could walk and chew gum. There were warnings, and some honest people cried out against what was going on, but the tsunami just kept building.

All the financial institutions had to get their piece of the pie, even though they knew they were stealing what wasn't rightfully theirs.

And in the short term it looked good. There was plenty of flash, bigger houses, nicer cars, and lots of bling.

But now the bill collector is at the door, and he is swinging a mighty big axe. Huge companies are, in the words of the Rolling Stones, "Tumblin down." Bank of America snatched up the once venerable Merril Lynch for a song, and Lehman Brothers crashed.

More giants are in the slots, ready to fall at the first pull of the lever.

The worst thing is that millions of folks retirement and investment funds are at risk. The guys who the public hired to watch their money were only concerned with their own money and status, and couldn't have cared less about what these folks had worked a lifetime to put away.

In my mind a whole bunch of Wall Streeters should be going to jail. In fact they should build a special place in Northern Minnesota just for them. Let them shovel snow in the winter and fight mosquitos in the summer, and eat lutefisk until they turn green.

Better yet send them to Iraq or Afghanistan. Maybe if they had to make decisions with their own life on the line they could think more clearly.

Thanks for letting me rant....
Til next time.