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If you're so rich, why aren't you smart?

lambert's picture
Fri, 09/26/2008 - 8:06am — lambert

Aren't the markets supposed to be rational?MR SUBLIMINAL Greed and fear? Rational? Well, if all these rich guys are so smart, then why didn't they know the Republicans would play Lucy and the football* yet again with the bailout? AP:

Oil prices fell below $105 a barrel Friday on investor concern that faltering negotiations in Washington may sabotage a bailout plan to stabilize the U.S. financial system, which could curb global growth and undermine crude demand.

Look, we're dealing with the Republicans here.

Bush doesn't know any other way to negotiate than to repeat non-negotiable demands.

And the Republicans -- and I apologize deeply for any appearance, however slight, of partisanship in our new post-partisan era -- never negotate in good faith.

So, if Lord Eschaton, based on years of experience and study, can call his shot on the bailout yesterday, then why couldn't all the rich fucks on Wall Street? Why would they have any "concerns" at all about something that was na ga happen?

And if they're that stupid, does it really make any sense to give them a trillion dollars of your money to play with?

NOTE * Kudos to Lord Eschaton for rapid fire bailout coverage! It's like... the blogosphere is back!

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Sarah's picture

Well, it took long enough to bring back the blogosphere,

By Sarah on Fri, 09/26/2008 - 12:36pm

but Atrios has never made any pretense of being other than an economist (well, okay, there's the substitute gym-teacher thing) as a profession. The blog/media mogul stuff was a happy accident, if you read regularly over there in the beginning.

I think having something to talk about that he was interested in drew him back, and I'm glad to have him.

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We can admit that we’re killers … but we’re not going to kill today. That’s all it takes! ~ Captain James T. Kirk, Stardate 3193.0

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lambert's picture

Agreed....

By lambert on Fri, 09/26/2008 - 12:46pm

Party like it's 2005!

[ ] Very tepidly voting for Obama [ ] ?????. [ ] Any mullah-sucking billionaire-teabagging torture-loving pus-encrusted spawn of Cthulhu, bless his (R) heart.

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