A Hasty World
Wednesday, August 31st, 2011
Words fail to flail the
Attention of young men from
Very tall red shoes
Posted from WordPress for Android

Words fail to flail the
Attention of young men from
Very tall red shoes
Posted from WordPress for Android
Remember Childhood?
He remembers adults like clouds,
tall and impetuous
prone to rain storms and sunny days
floating on the horizon
some days one
other nights they’d roll in and
blot out the sky
a gaggle of rumbling figures
this one a peach
that one a paper mache puppet
can you see a face in your childhood clouds?
can you remember?
Remiss Remiss I
seem to be Remiss, I hope
you choose to forgive!
—
Also this is pretty awesome.
Recap 2008: A lot of people made a lot of bets on securitised derivatives based on home loans. These securities were rated “AAA” or rock solid by the kinds of folks who rate these kinds of things. Bada Bing Bada Boom, turns out alot of those securities were put together specifically to fail; that sucks, but it’s a big scary world out there.
You pay your money and you take you chances.
But… Then came the bail outs.
Large Financial institutions and the very rich got money from the Fed to stay solvent.
People with pension funds now empty and with crappy mortgages got nothing.
Here’s the thing that ought to tickle your wtf bone, “Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money, about the same amount U.S. homeowners currently owe on 6.5 million delinquent and foreclosed mortgages.”
So Rich people and Middle Class people were in trouble because of rather dubious financial bets made on the backs of poor peoples home loans. The governments solution? Bail out the Rich people, with money that could have been used to secure the risky mortgages.
Good thing we didn’t go the route of securing bad debt, it seems to be working out swimmingly for us economically.

—
keyholes and elbows
windows into past histories
transgressions, sacrifice.
—
We Weird Things, and Our Cousins.
Perhaps we lived through a genetic keyhole, or maybe we spent a long time figuring out the business of living.