Creative accounting on steroids

Because the king of steroids is in charge!

But IOUs? Reallly….?

I guess it’s a self-fulfilling prophecy: if you don’t invest in infrastructure, the populace becomes dumb enough to accept just about anything. All roads lead to Idiocracy!

Is it possible to short a U.S. state? If not now, I’m sure the Wall Street guys will figure it out….


If the symphony of forces colluding to create our current economic meltdown isn’t enough to get you down, throw in some gubnatorial malfeasance, medical misrepresentation and overt fiduciary egregiousness and (if you’re anything close to human), you’ll soon be in the same place of despair as me.

But the best antidote to despair: The Motor City! Where all things real become surreal.

“It’s the Cadillac of mini-vans.”
— Chili Palmer

Economic rap-sody

  • Wall St./Main St.
  • Innovation/Regulation.
  • Short-Term gain/ Long-Term pain.
  • S&P. SEC. Freddie Mac. Fannie Mae. Fed-e-ral Reserve.
  • Overreaching homeowners. Mercenary mortgage brokers. Delusionary derivative creators. Rogue real estate developers. Parochial pension fund managers. Icelandic gubernators. United Autoworkers.
“God made humans upright, but they have gone in search of many schemes.”
– Solomon

Today we bling, for tomorrow we die.