Financial crisis

Big news today, Congress refused to vote the 700 billion dollar bailout for the banks. I do ask myself if the 'f' cats who caused the latest crisis, who took the money and moreorless ran, having cynically taken commissions on deals that you'd have to have been pretty naive not to have seen as flakey (would that make it a criminal act?), are actually giving any of that commission back. ...well are they? Or is the joke really on those who were duped into believing that they really could cope with the mortgages being thrown at them and that by defaulting on them black-mark themselves in the credit pool for many years to come. The problem is that financial markets don't appear to have a moral code of accountability, you really can earn or 'glean' obscene amounts of money full in the knowledge that you can then walk away from your sting not only leaving the other players gagging on the floor, the unethical act, but that the law will laud your business prowess and its government reward the organisation that you represent with compensation money when the sh*t hits the fan. Of course the victim or at least the victim's peers, the taxpayers, are paying the government. Perhaps we'd rather that the government had just given the money to our peers directly, or at least helped fund recyclable housing for them. 700 billion would make a nice impression on housing help for the needy.

Introduction

This log would have been 'anecdotes' but the name was taken. AnecLogs seemed a fairly good and even modernish synonym. Here goes then, Willkommen in AnecLogs.....

Looking up Anecdote it's defined as "A short account of an interesting or humorous incident" where dote is "show excessive fondness or love". An AnecLog then will be a little more serious as in log, "A record of a ship's speed" rather than "a long thick section of trimmed, unhewn timber". Actually Anec means 'duck' in the country where I live so we're not going to be taking it too seriously anyway.