Monday, September 15, 2008

Told You So

The following is a quote from a 2-2-07 post in which I suggested that the banking and insurance industries were the source of many social evils:

And why is ExxonMobil the only scapegoat bad guy here? It's one of the biggest publicly traded companies in the world, number 6 according to this Forbes list. What too many people don't stop to think about is that if you hurt a large publicly owned company you are hurting everyone. Well, it's just like global warming, right? ;-)

Let me go off on a little tangent here about the top five on that list.

1 Citigroup United States (Banking)
2 General Electric United States (Conglomerates)
3 Bank of America United States (Banking)
4 American Intl Group United States (Insurance)
5 HSBC Group United Kingdom (Banking)

Banking and Insurance. Yeah. Like those are pristine industries that do nothing to harm and exploit the poor and elderly and the environment. If I were a well-paid journalist I'd do a fancy, in-depth expose on those industries in comparison to ExxonMobil, and I suspect that the results would show that overall ExxonMobil is a choirboy in moral comparison to the evil that the banking and insurance companies do to all of us. But I'm not a well-paid anything. I'm just a random blogger, so sorry, I can't invest the time and energy on that project for free. I'm a capitalist at heart. ;-)

Of course I was just spouting off and not really giving any justification for my intuition. However, turns out I was right anyway, but now that the shit has hit the fan I won't get any kind of credit for my perception and wisdom. Well, I'm pretty used to that by now. ;-)

Okay, I just wanted to say, "I told you so!"

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