After Black Monday when the DOW dropped 500+ points and then again today for another 400+ points, this song came to mind again after a friend said that Depeche Mode's songs were socially relevent even today. Millions of people lost a huge chunk of their investments this week.
Giants like Lehman Bros. going under, Merrill Lynch being acquired by Bank of America, AIG being bailed out by the US government and the possible merger (MOE) of Morgan and Wachovia, it is a shake-up the financial world will not soon forget. This time, it's not a terrorism or a natural disaster to blame. We are now feeling the effects of the all around greediness that was rampant at the turn of this century.
What goes up must indeed come down.
The problem is, even those who didn't benefit from the inflated mortgage prices and unscrupulous lending practices of a few years back are going to feel the consequences as hard as those who did. We are in this hole because of people who "grabbed all they can" without a thought to long-term consequences.
Everything that we do does count and has a fruit or a consequence somewhere down the line.
Everything Counts by Depeche Mode
2 comments:
My favorite band, hands down!
and Amen to whatever you said. But as in anything, this too shall pass...the only thing, there are dead bodies on the wayside - side swiped.
Hi Junnie - That's the thing that bugs me the most when people who didn't idiotically borrow more than they can afford or knowingly gained wealth out of bad loans lose their jobs because of the greediness of other people. NOT FAIR. People who perpetuated all this should go to jail.
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