We Own AIG

Congrats to us all, we now own another financial institution. As I sit here this early Wednesday morning on September 17th, I ponder the obvious; the single fact that our entire society, culture, imprint, economy - call it our collective DNA mindset is completely focused on the need to grow. Growth, growth, growth. The obsession of every company and thus its entire value in the market is its ability to grow. The faster, the bigger, the more we can line the pockets of its management with obscene quantities of money and experience real (or fabricated) profits the more we value that company. Is it necessary? What ever happened to our expectation that a normal market return is 7%? Can't we be happy at something that just holds our standard of living? Must we thirst to grab 20, 30 or 50% growth? Beyond that need, don't we see it just robs us of our future?

We learn yet again...
Such growth is not sustainable.

We learn yet again...
This growth only steals from the future;
a bit like charging up your credit cards only to pay later.

We learn yet again...
that truth continues to teach; however painful and despite our listening.

We own, fannie, freddie and AIG now. Maybe to diversify our portfolio we now need a major thirft? WaMu anyone? They are certainly begging for deposits with cheap CD's - which is their begging for mo' money (to cover bad loans and shrinking deposits).