2 minutes of truth

2 minutes of a shocked wall street cheerleader

2 minutes that explains why bailing out wall street wipes out workers

Guess who needs bailing out now. Hedge funds that shorted stocks.

NOW… the cheerleader is worried that price does not match fundamentals and something has to be done. Hedge funds are losing money.

Yes, the system is broken in so many ways.

But let’s start by not bailing out financial markets from themselves. Let bankruptcies clear the debt so fewer workers lose their jobs.

The regulators and policy makers have corrupted the system. It can get much worse.

Categories: Perspectives, The Smart Bird