government intervention made sexy

[seperis]

Because if we cannot laugh at an economic death spiral, we cannot laugh at anything. Spoilers for the economic crisis! In case you were waiting for the coming movie.

Government Seizes WaMu and Sells Some AssetsThat'd be Washington Mutual, for those like me who said "Who the fuck is WaMu?" We have learned today that WaMu--okay, seriously, say

Comments

[icarusancalion]

Oh, great. That's one of my banks. I was hoping Wells Fargo would buy it, but I hate Chase Morgan.

*starts a run on my local bank*

[seperis]

*sends hugs and support*

[icarusancalion]

Thanks. I'm just doggedly believing them that everything's all right for now. But I don't like Chase, so, um, there goes the neighborhood.

[aud_woman_in]

in the movie, I want Paulson played by Al Pacino

It will, no doubt, be an HBO movie, and Kevin Spacey will go about with his head half-shaved during the 6-week shoot.

[seperis]

Oh I like this! I wonder if we could get a fangirl to write the screenplay!

[ratcreature]

JP Morgan is marrying any trollop it can get its hands on

That makes you want to place bets whether in the end there will be only one, like in a Highlander knock-off death match scenario. Though I'm really starting to wonder how this concentration and these take-overs will play out in the next boom/bust cycle, even if all were to go relatively well in the end with this one. From what I understand part of why it is worse than with previous bank collapses like your Savings&Loans(?) scandal that gets referenced all the time, it's because the banks have gotten even bigger, so the losses are larger and harder to manage when they fail, and now they grow larger still?

More drama to look forward to in the next severe banking collapse scheduled thirty years from now, I guess.

[seperis]

You know, there *should* be bets placed on this; it's not like there's anything else we can get out of it.

I was thinking of this growth of superbanks, too. Not comforting at all.

[ratcreature]

Probably some kind of financial options/derivatives/whatever product is the equivalent of making that bet and exists already. Also like with casinos the house always wins, so the rich board members and such will likely profit again either way.

You know, this kind of makes you nostalgic for situations where the gambling would be done mostly via bookies and the mob made the money, at least the mob is honest about being a criminal organization when they squeeze you...

[seperis]

*sad* And mobsters dress so well too.

[ladyoflisquill]

Spoilers for the economic crisis! In case you were waiting for the coming movie.

::SNORT::

[seperis]

I don't want to spoil anyone!

[boji]

So am I the only one who thinks this might de-evolve into a horror flick - with the dollar bleeding out on the floor - and the urbanized living in Japanese style net rooms?

[seperis]

...okay, i just had a fit of claustrophobia. *WIDE EYES* NOOOOOOOOOOOO.