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The Wizards of Schmoz .....
Schmoz, ....by definition, a Yiddish word signifying low-life, deceitful, criminal, despicable, unscrupulous, abominable, irresponsible, shameful and scum-bag-like behavior ...... a few notches below a schmuck or mashugana......
.......well, not really, I just made up that word 'cause I couldn't think of any word that would rhyme with OZ and would carry all those meanings.
But I just can't think of kinder words to describe the state and the players of our financial institutions.
Every morning I wake up thinking that there can be no more surprises of wrong-doing stemming from the financial world, but every morning I am proved wrong once again.
As Americans, we can deal with a bad economy, we are a resilient and creative bunch, .....we have been through worse.......but what really burns my waffles, is this constant mockery and slaps in the face that we, the taxpayers and consumers, are constantly and relentlessly subjected to by our financial institutions.
Where do I begin?......just in the last 6 weeks, we have witnessed:
Madoff's $50 billion (stick-it-to-investors) Ponzi scheme. We learned that former Merryl Lynch CEO John Thain was re-decorating HIS office to the tune of $1,000,000 (million) and doling-out $4,000,000,000 (billion) in bonuses for his top executives and himself.....all this, ... more
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