Friday, January 01, 2010

The End Of A Decade

How is it possible that the first decade of the 21st century is already gone! I keep telling you, Life Is Short...Eat Dessert First. I hope you ate a lot of dessert during these 10 years. The pundits are all asking what we're going to call this decade. They make reference to the "roaring twenties"...Other than that, I don't recall hearing a name for a decade. I remember the 50's, the 60's, etc...

Personally, I think this decade should be known as the "The Decade of Greed and Fraud". It seems to be a good name. It started with Enron, quickly followed by Tyco and World Com. Thousands of hard working people lost their jobs, their pensions and years of loyal service because the CEO's Ken Lay, Dennis Kozlowski and Bernie Ebbers were very busy "cooking the books". As I recall Ken Lay's wife cried because she was going to have sell a couple of homes. I think they owned 5!

Dennis Kozlowski felt his $6,000.00 shower curtain was a necessity and Bernie Ebbers made the Top Ten List of Crooked CEO's! These 3 men seemed to set the stage for the rest of what happened in the first decade of the 21st century. We have watched as Freddie MAC and Fannie MAE along with all the sub-prime mortgage lenders have lent money to people who could never pay it back, to buy homes they truly could not afford!

We have fallen victim to the Bernie Madoff's and others like him who lived LARGE while they stole our money. Our government has decided that there are companies that are "too big to fail" and have therefore given them taxpayer money to keep them afloat. They took the taxpayer's money and threw themselves huge parties and paid out huge bonuses! The bonuses were to keep the employees that ruined their businesses from jumping ship.

Is it just me??? I wouldn't want to retain people who helped my company lose all that money. Nor would I have approved the government bailout. That's what bankruptcy is for! We now have AIG saying they have no intention of paying back the money so the government will own them or at least the lion's share. Chrysler has also said they are not paying anything back...

I do believe this decade has been all about greed and fraud and that's what we should call it! I just bet you'll agree with me.

Let's hope 2010 brings us all health, happiness, prosperity, joy and an abundance of love. We should pray for peace and hope the greedy get what they deserve!

Happy New Year,

No comments: