{"id":2477,"date":"2008-10-02T23:09:33","date_gmt":"2008-10-03T04:09:33","guid":{"rendered":"http:\/\/1boringoldman.com\/?p=2477"},"modified":"2008-10-03T00:07:02","modified_gmt":"2008-10-03T05:07:02","slug":"why-am-i-doing-so-well","status":"publish","type":"post","link":"https:\/\/1boringoldman.com\/index.php\/2008\/10\/02\/why-am-i-doing-so-well\/","title":{"rendered":"“why am I doing so well?”…"},"content":{"rendered":"
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So, as Cuba Gooding<\/strong><\/font> said in the movie Jerry McGuire<\/strong><\/u><\/font>, "Show me the Money!<\/strong><\/font>" or Deep Throat<\/strong><\/font> said in All the President’s Men<\/strong><\/u><\/font>, "Follow the Money!<\/strong><\/font>"<\/div>\n
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In a previous post<\/strong><\/a> at the beginning of this crisis, I was asking "where has all of the money gone?" like most Americans. Well, now I know more about that than I did. A bunch of it is in the bank accounts of Mortgage Brokers like Joseph J. Cassano<\/strong> [“follow the [unregulated] money”…<\/a><\/strong>]. A ton of it went to builders and developers [Shiller’s quest…<\/a><\/strong>]. A lot of it was "bubbleware<\/strong>," virtual money that was not backed up by real value [the virtual economy…<\/strong><\/a>, the perfect storm…<\/a><\/strong>]. And those retirement plans<\/strong> that have all done so well? I guess that bump in the DOW JONES was where a lot of that money seemed to be, but wasn’t:<\/p>\n

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But I’ve got some of it. Maybe you do. I sold my house in 2004 for a lot more than it was probably actually worth. If you invested in A.I.G., or WaMu, you’ve got some too. A lot of us have been some part of this thing, I’m sorry to say. It’s just very hard to ask, "Why am I doing so well?" in the middle of doing so well…<\/div>\n","protected":false},"excerpt":{"rendered":"

So, as Cuba Gooding said in the movie Jerry McGuire, "Show me the Money!" or Deep Throat said in All the President’s Men, "Follow the Money!" In a previous post at the beginning of this crisis, I was asking "where has all of the money gone?" like most Americans. Well, now I know more about […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2477","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/2477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/comments?post=2477"}],"version-history":[{"count":0,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/2477\/revisions"}],"wp:attachment":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/media?parent=2477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/categories?post=2477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/tags?post=2477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}