No, there’s no better way to put it. I am one pissed off individual.
I hate DC. Specifically, I hate the Teasury, the Congress, and the White House for their actions the last three weeks. I hate their shotgun approach to managing the credit crunch last month. I hate that everyone participated in a large-scale media scare campaign. I hate that the bailout wasn’t more organized. I’m pissed that we based a bailout amount on a number pulled from someone’s ass. I’m pissed that the same bailout that was rejected last Monday was porked up, rather than rebuilt, to get passage last Thursday. I’m pissed that this $700 billion blank check may be written with little interest in using the proceeds, as I read an article yesterday noting that banks were wary of accepting help because of the restrictions placed on the company. (I’m also pissed that I can’t find the article today.)
I hate Citigroup trying to split us up into two pieces for a merger that does not benefit us but benefits Citi and whatever Federal Reserve officials are joined at the privates. I also hate the Feds for putting a gun to our heads and saying “Merge or else!” I’m pissed that Wells dropped out of the talks so early last weekend, and I’m even more pissed at Citi and the Feds for trying to destroy a deal that is better for everyone else involved (except Citi). I’m pissed at the Feds who are continuing to intervene on behalf of a worthless company who is probably about to fail themselves. I hate that things are changing so fast that we employees don’t know where to turn. I hate that there’s not a lot of places to get away and hide from all this bullshit.
I hate being so pissed off.
