“And I’m FREE! FREE FALLING!”
-Really annoying Tom Petty song from the 90’s that made my eardrums mutiny whenever I heard it
-the Stock Market as of last night
Yes, I am sure this is probably one of the happiest days of Richard Fuld’s life, right up there with his eighth birthday (when his mom planned the amazing party with the clown that ended up murdering his three best friends) or his wedding day (when his bride-to-be ran off with the groomsman).
No, this is not a happy day for anyone with even a passing interest in the United States economy. The dollar might as well be an empty Snickers bar wrapper for all the value it holds at the moment, the federal government finally decided to put its foot down after the damage had basically been done, and AIG needs to somehow come up with a few more (40 billion) dollars which, oddly, no one is clamoring to give them.
Gotta love how this great big grizzly bear of an economy can be traced pretty much directly back to the housing crisis. As a nation, we have the money management skills of a drunk toddler in a toy store, which seems to be catching up with us at long last.
And me? I’m feeling a bit under the weather this morning. See title.
Beats the alternative though!