Monday, March 15, 2010

Sizing It Up...or Down

The financial industry?

Too big to fail.

The middle-class?

The jury's still out on that one.

4 comments:

  1. All right, Kirk, my little pretzel twist observation: The financial industry will not fail to see that the middle class fails. I'm not sure we'll ever regain our lost ground. I'm kind of old to expect to regain much. I'll be just remain standing. And I haven't even been hit as hard as millions of others.

    WV - keties. Isn't that the economist I almost compared myself to?

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  2. Les, the financial industry probably grew the size that it did because we have such a huge middle-class. I just hope they realize that.

    As for your word verification, I think John Maynard Keynes had a lot of cats; )

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  3. Kirk, I hope you're right, though it feels that that the middle class has become prey to the fat cats with with foreclosures, payday loans and unreasonable interest. Courts seem to be on the side of the banks, ordering garnishees of MC wages on loan defaults to folks who have lost their income while the Fed bails out the Banks. But you know this.

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  4. Don't hope I'm right, Tag. I'm pessimistic about the whole thing. You're points are all well taken.

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