Friday, September 26, 2008

Letter to Congress


Look, there is no such thing as Wall Street separate from Main Street, they are just two sides of the same coin. If one side falls through the gutter grate, the other one does too, and you are left with no coin. We set up, with your help, an economy based on credit; and if the credit institutions we now depend on go under, it’s not as if we can just sit on terra firme and rejoice that “those crooks” are getting what they deserve; the floor will disappear from under us as well. If Wall Street goes, Mr. Main Street will no longer be able to borrow to buy a house, or buy a car, or start a landscaping business, or keep his plumbing business afloat, have a chicken farm, or start Microsoft. So Congresspeople, it’s time to help Mr. Main Street by helping Wall Street; the earthquake that will wipe out Wall Street is not about to spare Main Street; remember it’s all one town.

“Hegel remarks somewhere that all historical facts appear, so to speak, twice. He forgot to add: the first time as tragedy, the second as farce.” - Karl Marx
...and you Mr. Main Street, who did not have enough money to buy that house and still went ahead and did it anyway, this is your fault too, you were just as greedy as those so-called predators you seem to think preyed on you. Thanks for putting my retirement a little bit farther into the future than I had foreseen...

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