Bailout

All this fervor over the bonus money that is being paid out is really starting to get on my nerves. Yes it looks bad, and 165 million seems like a lot of money especially if you got wiped out (of course this again would be symptomatic of a problem with how you were investing to begin with… but I digress), but on that level 165 Million is very little. And as a percentage of the bailout it is nothing. Absolutely freakin nothing.

Maths:

165 / 170 000 = 0.000970588235

.09%

.09% is what everyone in congress and on the news is getting thier panties in a wad about.

XKCD is spot on with this:

Yes in some ways it is symptomatic of what was wrong with Wall Street and one wonders how you can give out bonuses if you need to be bailed out but this is a trivial issue when you look at the larger picture. This isnt missing the forest for the trees, this is missing the forest for a blade of grass. (though with deficit projections and all the other stupid stuff Obama is doing, the Late Show? Really? Or say the pledge to bar lobbyists from working for him means most of the most qualified people in Washington are locked out of his administration…)

Of course if you cant understand what is really going on and you are making less than $100,000, 165 Million seems like a lot of money and something to rally around.

People make me depressed…

On a lighter note, Kalahari Sky is updated.