The Drug of Money

For about the last 20 years or so many leaders in our financial industry thought it was a good idea to leverage their companies at a ratio of about 30 to 1 or higher. They were flying high making incredible amounts of money and ignoring the basic tenants of risk. Kind of like the drug addict who keeps on using and thinks they can stop anytime they want. We all know how well that turns out. Well intentioned friends and family enable the addict and they don't get any better.

Well what has the government been doing? Our financial industry has the drug of money clouding their judgement. Our past government enabled this behavior by giving them more of the drug with no strings, thus enabling them. Taxpayer dollars provided more of the same drug that got the money addicts in trouble in the first place.

Here is hoping President Obama sees the folly in this type of government action and truly changes the course. If you are going to use my tax dollars either the addict needs to reform or we need to replace them with a non addict. Giving money, drugs or anything else to someone who has a history of abuse usually turns out badly unless the money/drug is removed or the person is truly rehabilitated.