Short attentions spans in a smart phone world. We can’t even remember yesterday’s tweets or Facebook quips yet alone complicated procedures years gone by…
It was not that long ago, 4 years or there abouts, when the mortgage crap hit the fan. Oh, I know, it’s all Barney Frank’s fault for Feddie and Fannie. But in reality it was the traders who played the system, and ultimately the ratings agencies KNOWING FULL WELL what was going on, but giving the mortgage derivative bundles triple A ratings no matter. That in turn caused the retirement managers, 401k managers, mutual fund managers along with most everyone else in the market to blindly BUY up all those bad loans believing them to be triple A when they were double F. Which put the world economy into the worst tail spin since 1929. Moody’s and S & P should have been put in Gitmo 4 years ago. But instead they got big bonuses, and now it is all the fault of that black guy in the White House. Oh, and Lindsay Lohan and Charlie Sheen…