Monday, January 14, 2008

The R Word

I speak now with the youth of this world and none of them, American or immigrant know of Bugs Bunny. Seriously I dated this 19 year old girl (lord knows why) and she didn't know anything about Bugs Bunny...nor other things. Thus, to revive this long lost icon I shall plagiarize the song from a Bugs Bunny cartoon "The Rabbits are Coming; Hurray Hurray!"

Recession is coming hurray hurray

Recession is coming hurray hurray

The bankers will suffer hurray hurray

Til the taxpayers bail them out hurray hurray

And they'll go back to playing golf hurray hurray

And driving their beamers hurray hurray

And dating 25 year old bimbos hurray hurray

And bragging about their hallow success hurray hurray

Till I get a terminally ill disease hurray hurray

And hunt them down and kill them hurray hurray

7 comments:

Anonymous said...

The Captain's finally lost it. Get the butterfly net, boys.

Frank said...

Planning on going out with a bang if that happens hey Cap'n?

Ryan said...

A wise man once said "The seed is sown in Prosperity and reaped in Recession." I don't know what all the fuss is about. To me, a recession is not that big of a deal, and it's certainly not as dire a situation as made out to be by the media and the few economics pundits. It's a necessary part of any business cycle, so embrace Recession!

Captain Capitalism said...
This comment has been removed by the author.
Anonymous said...

This conjures up in my mind the picture of Elmer Fudd chasing Bugs while singing "Kill the wabbit, kill the wabbit..." to a Wagner piece.

I guess you just had to be there...

Back to reality, I sold my holdings in Bank of America before the end of 2007 for a few reasons, the biggest two being the downside risk was more than the upside opportunity and I don't think their future exposure in the subprime market was fully realized in the stock price. Now they buy Countrywide which adds to the bad loan exposure. Glad I dumped them.

Of course, it didn't hurt that my small loss offsets other investment gains and that I needed the cash.

But isn't that the way it works - the banks get themselves in trouble through mismanaging risk and the stockholder and the taxpayer gets burned.

Ryan Fuller said...

I'm wondering who the other Ryan is. I may have to kill him for the sake of my own individuality.

Anyway, I don't think a recession is necessarily a horrible thing either. It makes for tougher times for a lot of businesses, but ultimately that's what happens when a lot of bad decisions need to be corrected. Stupid, irresponsible, greedy bastards don't get what's coming to them until their businesses get in trouble. I see news like Citigroup's net income and I get a nice sadistic giggle. :)

http://www.economist.com/finance/displaystory.cfm?story_id=10523468

BrianFH said...

Edit note on The Rabbit Song:
"hallow success" doesn't make sense.
"hollow success", I presume?