I love the markets. They can’t be tamed. The market is never priced right, but price is always right.
There is NO easier business to run than a bank. I can’t think of a more difficult business to run than Apple. Of course that pisses any normal human being off, but let’s not get all mad for the moment. We will always be mad at bankers and the government. Remember my motto…’Punch a banker, hug a developer’.
The banks borrow money from the government at a low rate and lend money at a higher rate…to the government. That’s genius. In pre-lunatic times, the banks borrowed money from the government and lent it to us at high rates and kept reserves for the inevitable bad debts. To run the day to day, they would nickel and dime us to death and invest some of the money in technology to prevent check kiters and be done with tellers and other ‘people’. Life was good.
Of course the banks have just screwed it up. It’s too easy and boring to print money.
I can’t imagine not being able to invest in markets, knowing what I know. You do not need to have ten years of investing experience to own Apple and avoid Bank of America. If I was running a business television network I would dedicate it to talking about Apple’s of the world and inspiring people to chip away at the Bank of America’s of the world. I would do it 24/7/365 and it would be massively profitable. The ‘Oprah’ channel of business and investing. I started it in 2006 with Wallstrip.
Americans have a bad rap for not voting. I disagree. I just don’t vote for politicians.
I vote everyday in America with my purchases of stock.
My government refuses to listen to the votes. If the government or my elected official, listened to my votes, they would not inject money into Bank of America, they would inject money into new ways of banking and new ways to create more Apple’s and starve Bank of America.
With any injection there would be pain, but the capital would go where it deserves.
Obama has a ton of power to do stuff like this. If he does not, we have a responsibility to make sure he does. I don’t see any other way to fix things other than to continue to vote the way I vote and inspire people when I can and stay ‘Too small to fail’.