Opinion

The end of a beautiful fairy tale

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I thought that ranting at banks and financial institutions and complaining about how they were bleeding us was only a therapeutic approach to the constraints and stress of budgeting. I kind of was hoping that they weren’t out there only to ‘get’ us, poor little consumer, but to make a profit while helping us. I know, I know, sounds pretty naïve, but I like flowers and butterflies too.

Seem like I was sorely mistaken.

Check out the headline gracing CBC’s news website: ‘FBI investigates 4 companies at heart of financial meltdown

What? Are you telling me that I was actually wrong? Oh, the knife that just lunged in my stomach is so painful.

The CBC goes on, relishing in twisting that dratted knife: “The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration, the Associated Press has learned.

Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae and Freddie Mac, and insurer American International Group Inc. Additionally, a senior law enforcement official said Lehman Brothers Holdings Inc. also is under investigation.

The inquiries will focus on the financial institutions and the individuals that ran them, the senior law enforcement official said.

Wow. Now I don’t know much about finances and banks and all that stuff, but I figure it must be easier to take money from poor people when they are only numbers on your screen, because I don’t know how anyone could just take money from a single mother struggling to raise her two kids. Then again… Maybe I should trade those flowers and butterflies in after all.

So when are they going to investigate the oil companies? There has got to be something wrong going on when Petro-Canada is making so much profit and yet gas prices are still so high.

Conspiracy? I think so. No wonder they got rid of Fox Mulder ;).

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