Fools rush in where angel investors fear to tread!

A.I.G. Bear Stearn's, Ci ti-group and Lehman brothers are the fools who never understood this adage and the lure of the lucre made them shift focus from financial firms that took calculated limited risk to one that paid hefty bonuses to employee in the pursuit of profit. This made them oblivious of risk and operations became gambling “The wages of sin are death” so they all imploded under their own interest hubris.

We live in an age of bounty or plenty in the Sixties our parents would save to build a house or buy their apartments when they retire. Today before even being confirmed in your job, you buy a house, a car and furniture all on easy credit, EMI, plastic cards…. all on the never, never. Youngsters play with cell phones, I-pads and laptops. It’s a fool’s game to succumb to the temptation of easy credit, cheap goods and equated monthly installments. Rapid debt fueled spending invariably ends in tears of sorrow. History is replete with the pendulum swings of feast and famine in this world.

The tectonic financial plates have shifted due to collective pressures brought down on them by greedy bankers, corrupt govt. officials and home owners – causing the tremors of the economic meltdown. This is more about allowing self interest and being out of sync with public interest.
These rational responses, to a flawed financial order, – where the incentive to take on risk far outweighs the dangers that lurk in the shadows. Overly dependence on the American consumer to power progress and global economic growth has its fall outs.

Loose monetary policy triggers massive stock market and real estate bubbles which are prone to burst. America’s growing inequality, gulf wars, and thin social safety nets are part of a deepening fault line. All these create tremendous political pressure to encourage easy credit and keep job creation robust. Like the rise and fall of the Roman Empire, this process has put the rest of the world in spiraling financial crisis. Financial pornography cannot forever stimulate economic growth. –Vinay-