Sean’s Rant

A Blog about tech, economics, web tools, mobile, business ideas, wordpress, etc.

You are that big company you hate

Comments

The company that hires slave workers from other countries, ruined whole ecological systems through deforestation and oil spills, laid you off right in the middle of a depression, raised interest rates on your credit card and cut your credit line when you most needed it after you were laid off while interest rates were actually going down, hired and paid the CEO a $200 million bonus to ruin the company, conned you  into your Adjustable Rate Mortgage when mortgage rates were at all time lows with clearly astronomically low chances of interest rate benefit but almost guaranteed loss, drove the price of gas past $4 a gallon, ruined your retirement account……

Yeah thats you. Through managed retirement accounts and 401k’s the money in your retirement account flows through mutual funds to fund equity interest in your favorite companies and institutions like AIG, Citigroup, General Motors, Bear Stearns, Bank of America, Morgan Stanley, Goldman Sachs, JP Morgan, and Exxon Mobile. This is just a few. So the next time you want to get angry at these companies take a look at where your money is invested. These companies are you.

No related posts.

Written by Sean

April 9th, 2009 at 1:04 am

Posted in All Blog, Economics, Investing, Opinion, Personal Finance and Money

Tagged with , , , , , , , ,

«
»
  • dan
    yeah that's true I personally lost my faith in the market completely in septepmber 2008 ironically when the stock market imploded and congress knew about it in a special session of congress on march 14th 2008 the american public is being confused with false information and false governments our government political and financial system are completely out of whack job shipped overseas the economy losing 700,000 jobs a month there really is no economy only fiat paper currency worth nothing note even the ink and paper it is written on . There is no value in the US economy what imploded was a hot air baloon anyway filled with helium and no substance. If the us economy real wants to change and adapt to the new world market the US must focus of manuacturing the other countries all have us beat in that department even 3rd world countries. Cost of labor should not be the issue when it involves outsourcing the entire US economy because that is what happening. Great post it must have felt great to say what noone has www.24houreconomy.com
blog comments powered by Disqus