So, let me get this straight...
1) We pay oil producers trillions for oil, plus we pay to protect the oil producers in both military costs and soldiers lives, and we subsidize their militaries which then adds more to the cost of the first two things. Now, when it looks like the world might finally be gearing up to wean itself off of OPEC's oily tit, then...
2) They ask for compensation in order to diversify their economic base so that when we stop buying their product (oil) it wont devastate them financially.
Now normally I'd say that the Saudis have lost their fucking minds. But maybe not. Imagine you're a Saudi. You sit halfway around the world, making money hand over fist because some rich, spoiled nation has absolutely no control and more money than brains. You watch as their economy collapses because of the wanton greed and stupidity of their banking sector, and the response of that nation is to give more money to the bankers without making them take paycuts, or even trying to fix the oversight issues that led to the mess in the first place. I mean, why wouldnt you ask for compensation?
I mean, it seems to be working for our energy barons.
Props to Gerry Canavan
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3 comments:
You got it.
Time to weep.
I think they're are a couple of banks that could benefit from their mad skills as a CEO. They seem to have the 'tude anyway.
Oh, I'd say that the banks have done quite nicely as is. Especially under that Friend Of The Saudis, George Dubya Bush (though Obama's certainly turning out to be a Friend Of The Bankers, too). A coincidence, I'm sure.
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