It has been a busy week and unfortunately I haven’t had time for any major posts since Monday. Tonight I’ll be out as well, but there is one thing on my mind that I’d like to blog about “real quick”, as Napoleon Dynamite would say.

Guys, what’s the deal with the banker bashing lately? It looks like everyone’s favorite sport is to make fun of Wall Street. Hey, let’s ridicule them and let’s cap their pay, so that “the taxpayer” doesn’t finance their bonuses. Who in the newsmedia is not happy to jump in and throw some rocks at those terrible ”fat cats?”

What usually doesn’t get mentioned is that it’s the taxpayer who’s ultimately responsible for this mess. Yes, you read that right. Not the bankers. Not the regulators. It’s all the people who decided to borrow too much money and then just walk away from their obligations.

Where are the deadbeat bashing articles? I can’t find any. Instead, when these idiots walk away from their homes because they are underwater, journalists and bloggers seem to agree with the deadbeat’s ”smart choice” to hand over the keys to the bank and leave them with the mess.

This may be a rational choice on a monetary level, but it makes me wonder, where in the world was their rationality when they bought the house in the first place? When they bought way too much house on way too little money? I’m not talking about people who suffer from unexpected medical emergencies or a death in the family, wiping out their savings or their income. I’m talking about everybody who fell for teaser rates, turned off their brains and bought that one million dollar home on an entry level salary.

Make fun of these idiots too, not just of the bankers or regulators. It’s the taxpayers who are not paying their obligations who are primarily responsible for this mess.  If you punish the bankers you’re more or less just saying that the average person is too dumb to think on his own. If you go down that path then maybe you should also do away with that whole democracy thing. If the average person is too dumb to do personal finance, how could he be smart enough to figure out who to vote for? In that case, restrict their voting powers to American Idol and everybody’s better off.