It is what it is

Well isn’t this a surprise?  Actually it should not be since we’ve all been enjoying that free money the banks are giving away.  With rates damn near zero you would think economic activity would be booming but instead we see the smart money sitting on the sidelines waiting for the government to stay out of the markets.  If our big brother would have just left the problems alone our free markets system would have clensed the mess much like time healing a concrete rash.  Instead we saw the nationalization of car makers, some of our banks and the mortgage industry yet that wasn’t enough so we even offered to screw up the used car markets by offering a cash for clunkers deal.  To some out there, this was the perfect set up all funded by the tax paying citizens and those who actually worked hard to achieve something all to fund the dead beats or bail out the losers.  This time around it may be the tax payers and the wise ones who decided to live within their means having the last laugh.  When the Fed starts messing around with the rates again they almost have no other choice but to raise raise raise.  They’ve lended out free money for several quarters now and the government has been spending like a sub-prime mortgage victim and at some point this has all got to be realized.  Someone will be paying for the monetary mistakes and it won’t be the folks who started the mess.  Those who have debt are going to be in for a real shocking surprise once the rates start moving and those who have been saving will get nicely rewarded through higher rates.  But at the current moment, all of those who have done everything right by the book are getting screwed and more than likely will continue to be screwed.

Here is an interesting article in regards to a same sex Des Moines, Iowa couple whom are accused of embezzling over $5.9 million from Aviva USA.  I wonder why there isn’t a bunch of uproar given the fact when AIG and Bank of America employees received bonuses they were called out.  I guess this is just another example of turn your cheek and look the other way.  Fraud for over 5 years and compliance couldn’t catch something like this in today’s financial environment?