Wall Street Crisis - Rachel Maddow Explains it All

In case you were confused about the Wall Street crisis, this analogy kind of simplifies things.

Wall Street is a a bunch of six year old kids that have brought home a big sack of Halloween candy. The taxpayer is the parents, who instead of hiring a responsible adult to babysit, opt for a seven year old for the job. The main point of the job is to keep the six year olds from doing what six year olds do best in this situation, i.e. eat too much candy. Not surprisingly, the seven year old does not exactly prioritize this as his mission, and the six year olds eat way too much candy and get sick, all over the rug. The parents come home to discover the mess. They pay the babysitter and send him home (actually this part of the analogy isn’t quite right - they actually pay him double and ask him to return the next evening for a repeat engagement). On his way out the door, the seven year old babysitter comments, “You know what the problem is here, right? You’re going to need lots more candy…”

There, that should set you straight!


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