Hey there folks,

Hope everyone is just A-OK.

A friend recommended I’d watch “The Big Short” and for once, I didn’t wait long and just went ahead and watched it. I’m not about to write a review of the movie, though I would recommend you all get to see it. Steve Carell with a phenomenal dramatic performance (though not devoid of comic precision) will blow you away. Guaranteed. And if you hang on until the end, You may notice a hint of “Gru” in a speech his character makes.

That’s all I’m going to say about the movie itself. Again, watch it for your own good.

What I wanted to say in this post relates to the subject matter though, that credit and housing bubble that demolished so many lives and, to this day, continues to haunt many of us.

When one gets a full understanding of the scope, the reasons and the impact of this collapse, it leaves him speechless. The extent of not only irresponsible investments and strategies that was practiced (or rather malpractice…) but also – perhaps especially – the malicious abuse of the general public’s ignorance, blows me away.

And not because I’m a financial wiz kid, or savvy investor. Quite the contrary. I am one of these ignorant folks who believed that these guys in suits who get paid millions of Dollars actually know what they’re doing.

After understanding the error of my thinking, I see only two options.

These bankers either didn’t know what the hell they were doing, which makes me ask quite a few questions – namely “why are they making so much money, while other productive members of society don’t?”.

Or, and that is what I believe to be the case, they knew what they were doing and simply didn’t care.

This option raises even more questions, namely – “How come the people responsible for this tragic event weren’t put on blast?” And I don’t mean public opinion. That’s sweet.

Imagine a “simple man” swindling a couple of families of all their money, hopes and dreams. That guy will never see the outside of a jail. But if that man represents a place called “a bank” then, for some reasons beyond my comprehension, he gets a slap on the wrist, a wink and more often than not, another fat check. “Good job buddy, nice one!”

So far, I believe we’re on the same page. So where’s the farce?

The ridiculousness of this impossible situation is revealed when people, who were relatively unaffected by this cataclysmic event, still refuse to smell the coffee.

I can’t count the times I’ve heard people who’re enslaved by debt (whether they know it or not) defend the very same slave drivers who have them on a leash. So deep-seated is the belief that there is simply no other way. So entrenched are the masses in their misguided faith in financial institutions and government, that it seems impossible to change anyone’s mind.

In light of this, I practically stopped trying, because… Well, I’m tired of arguing.

But before we wrap this up nicely and put a bow on top, allow me to raise a few questions:

  • Do you trust banks?
  • What would it take to change your mind?
  • Could there be another credit and housing bubble/collapse?
  • WILL there be?

As usual, would love to hear your thoughts and ideas.

Would you like to share your opinion? Feel free, the stage is yours!

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