Ancient Greek Mythology Re-Written By FCIC

The FCIC soothes the injuries resulting from our financial fall as it explains how mortgage-backed securities melted the banks “Like Icarus, they never feared flying ever closer to the sun.”

Remember the ancient story of the attempted escape of Icarus who, although warned by his father not to fly so close to the sun, ignored the wisdom of years and his wax & feather wings melted… plummeting him back to the earth. 

After reading the initial summary of the report as described by the New York Times (full report to be released on Thurs.) by the Financial Crisis Inquiry Commission, although the report concludes that it was avoidable, the finger-pointing is so broad that it doesn’t leave out anyone including Dave.  In the end it points not to the sun (technically one of the stars) as the cause of the meltdown, but more fittingly to what is now referred to by crisis-experts as ”Wecarus  – our collective accountability” as opposed to Icarus.  Allow Dave to explain.  “To identify a single person, such as Icarus and to hold him accountable, could technically be viewed as hate speech,” Dave said.  “You know if someone found out that an individual, say Alan Greenspan for example, or a group of individuals, say Alan Greenspan, Robert Rubin and Larry Summers, were responsible for the global financial crisis, they would probably hate those people.  We can’t have that.  It’s bullying,” Dave continued.   

 The report goes onto to support Dave’s theory of “collective accountability” and is an excellent example of how society can employ “choice architects” and still nobody get hurt as long as everybody gets hurt (top 1% excluded).  The report even paraphrases Shakespeare’s “Julius Caesar,” when the author pens, “The fault lies not in the stars, but in us.”  (the proverbial ”us’” not the FCIC commission members per se and a metaphorical “star”, not our sun in particular)  

Technically, with the wealth effect from quantitative easing and the stock market run-up well underway, depending on how you look at the timeline, they’re may not have really been a financial crisis at all.  It may all simply be a myth.  According to the S & P 500 the repeal of Glass-Steagall is working according to plan.

(chart courtesy of Jesse’s Cafe Americain)   

Here’s the New York Times story: http://www.nytimes.com/2011/01/26/business/economy/26inquiry.html?_r=1&adxnnl=1&adxnnlx=1296022623-/6LwaBSusuhrO8P1JXp3fw

You can get the final report here when it comes out Thursday: http://www.fcic.gov/news/pdfs/2011-0124-fcic-announces-details.pdf

60 Responses to “Ancient Greek Mythology Re-Written By FCIC”

  1. Trackback…

    [...]percentage we keep in touchmore approximately your post on AOL? I need an expert in this space to solve my problem. May be that is you![...]…

  2. … [Trackback]…

    [...] Read More Infos here: tradewithdave.com/?p=5104 [...]…

  3. jobbörse says:

    … [Trackback]…

    [...] There you will find 68386 more Infos: tradewithdave.com/?p=5104 [...]…

  4. … [Trackback]…

    [...] Read More: tradewithdave.com/?p=5104 [...]…

  5. cash advance says:

    … [Trackback]…

    [...] Read More: tradewithdave.com/?p=5104 [...]…

  6. Letovanje says:

    Letovanje…

    Ancient Greek Mythology Re-Written By FCIC « Trade With Dave…

  7. Ares says:

    … [Trackback]…

    [...] Read More: tradewithdave.com/?p=5104 [...]…

  8. … [Trackback]…

    [...] There you will find 65053 more Infos: tradewithdave.com/?p=5104 [...]…

  9. games of car says:

    … [Trackback]…

    [...] Read More here: tradewithdave.com/?p=5104 [...]…

  10. freemasonry says:

    … [Trackback]…

    [...] Read More: tradewithdave.com/?p=5104 [...]…

  11. empresa seo says:

    … [Trackback]…

    [...] There you will find 75015 more Infos: tradewithdave.com/?p=5104 [...]…

  12. cul says:

    … [Trackback]…

    [...] Read More: tradewithdave.com/?p=5104 [...]…

  13. … [Trackback]…

    [...] Informations on that Topic: tradewithdave.com/?p=5104 [...]…

  14. … [Trackback]…

    [...] Informations on that Topic: tradewithdave.com/?p=5104 [...]…

  15. vimax says:

    … [Trackback]…

    [...] Read More here: tradewithdave.com/?p=5104 [...]…

  16. … [Trackback]…

    [...] Read More: tradewithdave.com/?p=5104 [...]…

  17. Kutjes says:

    … [Trackback]…

    [...] Informations on that Topic: tradewithdave.com/?p=5104 [...]…

  18. … [Trackback]…

    [...] There you will find 66136 more Infos: tradewithdave.com/?p=5104 [...]…

  19. … [Trackback]…

    [...] There you will find 73650 more Infos: tradewithdave.com/?p=5104 [...]…

  20. … [Trackback]…

    [...] Read More: tradewithdave.com/?p=5104 [...]…

  21. road bikes says:

    … [Trackback]…

    [...] Read More here: tradewithdave.com/?p=5104 [...]…

  22. … [Trackback]…

    [...] Informations on that Topic: tradewithdave.com/?p=5104 [...]…

  23. … [Trackback]…

    [...] Find More Informations here: tradewithdave.com/?p=5104 [...]…

  24. … [Trackback]…

    [...] There you will find 67394 more Infos: tradewithdave.com/?p=5104 [...]…

  25. these guys says:

    … [Trackback]…

    [...] Read More Infos here: tradewithdave.com/?p=5104 [...]…

  26. … [Trackback]…

    [...] Read More: tradewithdave.com/?p=5104 [...]…

  27. … [Trackback]…

    [...] Read More: tradewithdave.com/?p=5104 [...]…

  28. … [Trackback]…

    [...] There you will find 78903 more Infos: tradewithdave.com/?p=5104 [...]…

  29. … [Trackback]…

    [...] Read More here: tradewithdave.com/?p=5104 [...]…

  30. y8 Privacy says:

    … [Trackback]…

    [...] Read More: tradewithdave.com/?p=5104 [...]…

  31. … [Trackback]…

    [...] Find More Informations here: tradewithdave.com/?p=5104 [...]…

  32. [cockring says:

    … [Trackback]…

    [...] Read More: tradewithdave.com/?p=5104 [...]…

  33. … [Trackback]…

    [...] There you will find 64706 more Infos: tradewithdave.com/?p=5104 [...]…

  34. … [Trackback]…

    [...] Read More here: tradewithdave.com/?p=5104 [...]…

  35. … [Trackback]…

    [...] Read More: tradewithdave.com/?p=5104 [...]…

  36. … [Trackback]…

    [...] Read More Infos here: tradewithdave.com/?p=5104 [...]…

  37. … [Trackback]…

    [...] There you will find 66253 more Infos: tradewithdave.com/?p=5104 [...]…

  38. pkv versicherungsvergleich…

    [...]Ancient Greek Mythology Re-Written By FCIC « Trade With Dave[...]…

  39. pool game says:

    … [Trackback]…

    [...] Informations on that Topic: tradewithdave.com/?p=5104 [...]…

  40. business directory in ukraine my blog…

    [...]Ancient Greek Mythology Re-Written By FCIC « Trade With Dave[...]…

  41. … [Trackback]…

    [...] There you will find 74632 more Infos: tradewithdave.com/?p=5104 [...]…

  42. bpong table says:

    bpong table…

    [...]Ancient Greek Mythology Re-Written By FCIC « Trade With Dave[...]…

  43. Aisa Property…

    [...]Ancient Greek Mythology Re-Written By FCIC « Trade With Dave[...]…

  44. make your hair grow longer…

    [...]Ancient Greek Mythology Re-Written By FCIC « Trade With Dave[...]…

  45. band saws says:

    band saws…

    [...]Ancient Greek Mythology Re-Written By FCIC « Trade With Dave[...]…

  46. … [Trackback]…

    [...] Informations on that Topic: tradewithdave.com/?p=5104 [...]…

  47. הובלות says:

    … [Trackback]…

    [...] Read More: tradewithdave.com/?p=5104 [...]…

  48. roy pocock says:

    roy pocock…

    [...]Ancient Greek Mythology Re-Written By FCIC « Trade With Dave[...]…

  49. solar says:

    … [Trackback]…

    [...] Read More Infos here: tradewithdave.com/?p=5104 [...]…

  50. … [Trackback]…

    [...] Informations on that Topic: tradewithdave.com/?p=5104 [...]…

  51. … [Trackback]…

    [...] Read More: tradewithdave.com/?p=5104 [...]…

  52. private krankenversicherungen vergleich…

    Ancient Greek Mythology Re-Written By FCIC « Trade With Dave…

  53. private krankenkasse vergleich…

    Ancient Greek Mythology Re-Written By FCIC « Trade With Dave…

  54. An Beitrag Kv…

    Ancient Greek Mythology Re-Written By FCIC « Trade With Dave…

  55. играть онлайн бесплатно…

    [...]Ancient Greek Mythology Re-Written By FCIC « Trade With Dave[...]…

  56. …Recent Blogroll Additions…

    [...]I am now not sure where you are getting your info, however good topic.[...]…

  57. make real money online…

    Ancient Greek Mythology Re-Written By FCIC « Trade With Dave…

  58. …A Friend recommended your blog…

    [...]you made running a blog glance[...]…

  59. Private Krankenversicherung…

    [...]Ancient Greek Mythology Re-Written By FCIC « Trade With Dave[...]…

Leave a Reply

You must be logged in to post a comment.