Saturday, October 4, 2008

Now THAT was a sucking sound!

The Empire of Debt by Dee Hon, originally uploaded by Renegade98.

Reading my last post, I realized now that it was slightly prophetic without my knowing...I did not realize that WaMu's instant demise would suddenly open an abyss close to home. While Charlotteans were busy trying to find gas that weekend a silent run had begun on Wachovia the next day as depositors and shareholders became concerned with Wachovia's similar toxic holdings. We woke up Monday with the news that Wachovia had been parceled out to Citi Group. Just a week before, Bob Morgan, our chamber of commerce head, had been feeling a bit dapper and slick, stating in Time magazine's Postcard that Charlotteans "wanted to be number two to no one" (meaning of course New York) and here we all a sudden find a smirking New York dandy was riding on our number two filly (and top employer downtown)...My of my, how humbling...As they say, hoss, "Pride cometh before the fall".

These are amazing times for a tragic-moralist flaneur. Who can literally compose a sicker tragic drama worthy of Aeschylus than the sheer indictment of hubris that is transpiring before our eyes?? Just start with the finest piece of radio ever produced and go from there....It gets wickeder, wilder and my so much more chilling than anything Chrichton and folk can come up with. Just following the carnage of the dominoes falling is a surreal experience. I keep looking over my shoulder and I swear I just heard the voice of Jeremiah calling out from the hoary past....It is a time to be on bended knee. A time of reckoning.

No comments: