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Rogue Herries

Okay, I know I am not the tartest pickle in the barrel. Especially when it comes to economics, a field at which I have less knowledge than a decorative starfish. Even if I didn't know that already, I would realize it because whenever I suggest that the solution to some problem of market capitalism is not necessarily more market capitalism, someone shows up here to tell me that I am wrong x 3.

But come on, seriously, what the fuck.

I mean, okay, I can see this happening once. I can even see it happening several times before people really got used to the pattern, back when it was a new and surprising thing. But after the fourth or fifth time it happened, wouldn't the banks kinda wise up to this shit*?

Because here's the thing. Wal-Mart can employ a dude to look in on the guys in the storeroom to make sure they're not playing fantasy football instead of unloading Chinese plastic, and the consequences of that lost time is pretty minor. My company can monitor my internet use to make sure I'm not spending too much time dicking around on eBay, and the worst that could happen if I stop doing my job altogether is that a textbook is a week late. So wouldn't you think that, if you had in your employ a guy who, if he's screwing around on the job, he could lose your company $7 billion and help plunge the entire world into a financial crisis, you might just keep a close eye on that motherfucker?

*: Unless, of course, the banks already know about them and don't do anything as long as it's profitable! HA HA BUT THAT WOULD NEVER HAPPEN


Jan. 27th, 2008 03:47 am (UTC)
My 401(k) lost like a thousand dollars for every accent mark in "Jérôme Kerviel, a former trader at Société Générale".


flavored with age
Gun-totin', Chronic-smokin' Hearse Initiator
Ludic Log


Leonard Pierce is a freelance writer wandering around Texas with no sleep or sense of direction. If you give him money he will write something for you. If you are nice to him he may come to your house and get drunk.

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