Just When We Thought the News Couldn’t Get Worse…

…it actually gets horrendous. Biblically bad, financially speaking. Instead of frogs raining down or a plague of locusts or 40 days and nights of rain we have investment banks that have been around since the 1800’s on the verge of becoming a pile of quivering, gelatinous muck instead of the hard-as-granite institutions that have been the beacon of financial stability and responsibility around the world. Some of these companies managed to weather the storms of two world wars, the Great Depression, assassinations of our leaders and even the age of disco and leisure suits.

But they could not survive the crummy, hands off, non-leadership of the past eight years. Our banking system is just as much a part of our physical and social infrastructure as our highways, water systems, schools, libraries and armed forces. They must be regulated and made to function properly. Too much rides on them to allow the CEOs have reign over the assets of the country without being accountable. Apparently, at least $700B rides on them.

That’s $700,000,000,000.

Greed is not good. And unchecked, unregulated, unsupervised greed sucks.

Things will improve. This country has the human and natural resources to rebound. But this has got to stop. Things must change. We have an unnecessary war, people stranded in our own country for weeks and months at a time after storms, a once vaunted financial system that was the envy of the planet now reduced to this grotesque episode of bail out and fraud. All led by a man who is barely verbal and his party who cynically says and does anything to remain in charge.

Enough is enough.

Tags: Greensboro real estate, Real estate market