Nero fiddles as Rome Burns. Fiddle strings 200 billion each
November 25, 2008
There are only four, right? My grandfather and namesake, Joseph Leo Pistorio was a violinist for the Boston Pops for many years during the 50’s through the 70’s. He thought that long time conductor Arthur Fiedler was pompous. arrogant and not very nice. I’m sure now that was envy, as Grandpa did his best to cultivate those traits as he got older, and was pretty successful.
Treasury Secretary Henry Paulson announced today he was allocating another 800 billion in bailout money for the financial sector. This time, he pledges to spread the money around trickle down style in the form of guaranteed student loans, credit card credit and other small consumer loans. I’ll believe it when the check clears.
Meanwhile, I was laid off my job by a company whose future is in doubt, and am making less money than I have in over 20 years. I guess I should be thankful to be working at all, but like most, I keep wondering where my bailout is. I promise to throw a killer party when it all comes together. Scouts honor.
Joe