ATHELSTAN

Careening Towards a Financial Crisis?

The thought of the well-heeled, instant millionaires created since the early Reagan years losing their fortunes today may bring cheers to doctrinaire left wingers, but it is a scarey sign of ominous things to come for the rest of us. When one stops to think some guy and his wife are living in a $20,000,000 house in the Hamptons or in Fairfield County Connecticut, and now have had their credit cut off. Due, of course to plummeting wealth and declining mansion values.

The rest of us may feel relieved to see the rich suffering. We tend to think somehow we are left off the hook, but be careful about celebrating the bad fortune of the rich or anyone else for that matter. Your turn may be coming soon.

I can't help wondering, where and when does it all end?