Monday, November 24, 2008

To Small to Wail

Fuck, I've got a Citi mortgage. Can I stop paying now? A very good friend of my family used to be a big-shot exec at Citicorp just before all laws were suspended and the firmament lifted toward the heavens and the water made wine and banks made insurance groups. He resigned just before the Traveler's merger in the late 90s. He was not sanguine about the prospects and suggested that the shit would fall apart in a decade or so. Whee!

So Citi is "too big too fail." What isn't, these days? It could have "spillover effects" in the "rest of the economy." Oh my god, my Euphemism is eating my Synecdoche. Run!

8 comments:

MandT said...

When top hits bottom....

Anonymous said...

I've got a Citi mortgage.

You've got a what?

Whom do you think you're kidding?

Maybe once upon a time you had some sort of mortgage document with Citi's name on it -- heck, maybe you still do -- but your mortgage is probably no more Citi's than it is mine, via some impossible-to-unravel chain of bundling the spaghetti together, slicing it into thin cross-sections, rolling that flat, cutting it crosswise into new spaghetti, and slicing it yet again.

Hey, you might even write a check every month to Citi! But they probably see less of your money that way than they will via Paulson's next Christmas present.

Phillip Allen said...

When top hits bottom....

(likely openhanded slap or spank, delivered to upraised buttock/s)
Bottom squeals, wiggles ass, begs top for more. [repeat ad libitum]

Anything more than this consensual behavior is, of course, domestic abuse.

When similar behavior is practiced by our Masters and Betters and administered to the Body Politic, this same buggery is called Bold Leadership in a Crisis. Any 'asking for more' or, for that matter consent, is entirely superfluous.

Anonymous said...

IOZ,

You can stop paying your mortgage any time you damnned well please.

And besides, they might not notice.

IOZ said...

Dear Nonies,

Rhetorical. Question.

Love,
IOZ

NotRichard said...

Didn't I hear somewhere that it's proving almost impossible to repossess houses where the owner demands proof of title, given that each individual brick is probably owned by a different hedge fund?

Liberto Capudenda said...

Spillover effects??!!!
Jesus, I hope they keep a towel handy.

Anonymous said...

Hmm, looks like rhetorical answers too.

... just sayin' ...