Thursday, October 09, 2008

with the financial meltdown.... many people...'investors' are deep shit....

overnight, their stock value plunged so low.... (as deep as the deepest ocean??)their stocks have become virtually worthless.

they screamed and the blamed...yap, they play the blame game.

they say banks never tell/advice them about the risk involved..... and the banks cheated them and every excuses you can give in this blame game.

i mean i am no financial guru... i only know these experts in the financial industry screw up BIG TIME..... and in every investment, there are risk.... the more the returns, the higher the risk..... that's just logic.....

so when in good times, their money rolling in, they never blame the banks leh...... they never complain to the banks that they are tired counting the money..... they never complain about aching hands carrying their money into the banks..... they never complain at all..... they only have good things to say about the banks...the stocks and their financial "relation" officer.... or broker......

now that the stocks have crash...the finger pointing game begins. its everyone fault except theirs...i wonder why....????

if they do their own homework and invest wisely and ask lots of questions.... this would not have happened......

yap, greed sets in. as long as you want to borrow, i lend.... without taking into consideration the ability to pay back. its the benefits NOW for the bankers..... the money/profit NOW that is important. they just assume that in time, the people will be able to make payment... and so they lend and lend...mortgage and second mortgage and third mortgage their property...

i don't know why the government have to pump in money to help and prop up the market..... if they can help...it only means this financial shit are all just a load of bull and bear shit..... its as fake as made in china milk.... this shows that these are all created by man....

maybe the right thing to do is let it crash.... it does not seem right. again these are man-made situation, its not real... it never was real.

sad truth....

so now we know...in good times... all are buddies buddies..... but in bad times...... its YOUR FAULT!!! save my own ass first......

another useless thought

2 comments:

Anonymous said...

I'm wish with you. No bailout!

Anonymous said...

Whoops, I meant with.