............ the gold fish theory ..............

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Status: Finished  |  Genre: Non-Fiction  |  House: Booksie Classic
gold fish, those tasty little treats ....

i love'em ....

but that's not what i'm going to talk about ....

Submitted: January 26, 2011

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Submitted: January 26, 2011

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............................................................................

gold fish, those tasty little treats ....

i love'em ....

but that's not what i'm going to talk about ....

................................................


i'm going to talk about the gold fish theory ...

this will be brief ....

gold fish in myth ....

are said to have a memory of 3 seconds ...

whether it's ...

3 seconds ....

3 minutes ....

3 weeks ....

or ....

3 momths ....

it doesn't matter ...

because it's not long enough ....

................................................


it's a theory ....

that depends on the public ...

having the memory of a gold fish ...

................................................


does any one remember ...

the savings an loan debacle of the "90's ...

god no ....

it cost the american public ...

a minimum of 150 billion dollars ....

some estimated up to 500 billion ....

the lesson learn was tighter regulation ...

................................................


that was a fraction of what ...

the cdo mortgage crisis cost ...

(sub prime) ...

which is in estimated to be from ....

one to four trillion ...

we may never know the real costs ....

it has so profoundly change ...

our lives, economy, and standing in the world ...

no lesson was learned ...

from the saving and loan crisis ...

it was forgoton about ...

regulatory restrictions where totally relaxed .....

the financial systems were allowed to exploit ...

with out consequence ....

or consciousness ...

.................................................


so, here we are now ...

the cdo's are not news any more ...

wall street goes on ...

touting market gains ...

like the sub prime crisis never happened ...

lobbing against regulation ...

for fear it will ruin ...

our capitalistic enterprises ...

.................................................


in the end ....

because its not over yet ...

we the public and our children ...

will be paying for it ...

for generations to come ...

.................................................


but that doesn't matter ...

because ...

we have the memory span of a gold fish ...
.................................................
oh, don't forget the the oil companies ...

they couldn't charge ...

their higher summer time prices ...

because of the the gulf oil spill ...

so, as soon as you forgot about that ...

they raised the prices ...

they have to make their record breaking profit ...

again this year ...

.................................................


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