A Debate We Should All Be Having

by Mr Juggles

Ballers vs mini-ballers is a class clash that reverberates through today. It is especially appropriate as markets collapse, and a global financial crisis begins that will destroy almost all investors wealth (we will have more on this in a December report), leading to unemployment and the derichment of scores of BSDs. ONN did a video report highlighting some of these issues, and is a must watch for ballers and mini-ballers alike.

Recommendation: Don’t judge a rich person until you have walked a month in their repossessed hovercraft. Long The Wealthy, short poor people.

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POSTED: 09/10/07 9:39 AM
Comment (14)


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Comments

  1. bfellows
    September 10th, 2007 | 12:41 pm

    Michael Lewis is also short poor people, as expressed in one of the few interesting bloomberg articles ever written:
    http://www.bloomberg.com/apps/news?pid=20601039&sid=a5lhZkEauCu8&refer=home

  2. Mr Juggles
    September 10th, 2007 | 3:34 pm

    That was possibly the most uneven thing I have ever read by Lewis. I didn’t get it fully. He is mocking people for making and supporting “predatory loans”? Or is he mocking people who are acting like poor people should be seen as victims for being able to get financing?