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	<title>EveryJoe &#187; investment banks</title>
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		<title>The Onion Shares Story of Near Consequences</title>
		<link>http://www.everyjoe.com/articles/the-onion-shares-story-of-near-consequences/</link>
		<comments>http://www.everyjoe.com/articles/the-onion-shares-story-of-near-consequences/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 20:50:49 +0000</pubDate>
		<dc:creator>Miranda Marquit</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[$700 billion bailout]]></category>
		<category><![CDATA[financial institutions]]></category>
		<category><![CDATA[investment banks]]></category>

		<guid isPermaLink="false">http://www.yieldingwealth.com/the-onion-shares-story-of-near-consequences/</guid>
		<description><![CDATA[I had to laugh this morning when I saw this over at The Onion. I enjoy some satire, and the story of a wealthy teenager who &#8220;nearly experiences consequence&#8221; for some reckless actions made me laugh.
I&#8217;m fairly certain the story is a jab at the bailout, actions of wealthy investment banks and the quick moves the government is making to &#8220;save&#8221; the wayward financial institutions from what has happened. Here is an excerpt from the story on The Onion:
&#8220;If he had been driving just 5 mph faster, or if his parents hadn&#8217;t had the influence to keep the matter out [...]<p>Post from: <a href="http://www.everyjoe.com">EveryJoe</a></p>
<p><a href="http://www.everyjoe.com/articles/the-onion-shares-story-of-near-consequences/">The Onion Shares Story of Near Consequences</a></p>
]]></description>
			<content:encoded><![CDATA[<p>I had to laugh this morning when I saw this over at The Onion. I enjoy some satire, and the story of a wealthy teenager who &#8220;nearly experiences consequence&#8221; for some reckless actions made me laugh.</p>
<p>I&#8217;m fairly certain the story is a jab at the bailout, actions of wealthy investment banks and the quick moves the government is making to &#8220;save&#8221; the wayward financial institutions from what has happened. <a href="http://www.theonion.com/content/news/wealthy_teen_nearly_experiences?utm_source=onion_rss_daily" title="The Onion, bailout, $700 billion bailout, Congress, government, financial institutions, investment banks" target="_blank">Here is an excerpt from the story on The Onion</a>:</p>
<blockquote><p>&#8220;If he had been driving just 5 mph faster, or if his parents hadn&#8217;t had the influence to keep the matter out of court and the endless financial resources to lease a car of the exact same make and model to prevent him from having to face even the relatively trivial humiliation of being taunted by his peers for driving a slightly less expensive vehicle—my God, who knows what could have happened?&#8221; Taylor added. &#8220;He could have died or, worse, been held accountable for his actions.&#8221; &#8230;</p>
<p>&#8220;Charles is very lucky to be alive and well-off,&#8221; Lamb told reporters. &#8220;The fact that he was able to walk away from this crash with no injuries, zero remorse, and his skewed priorities in one piece is a miracle.&#8221; &#8230;</p>
<p>&#8220;To think that I was that close to seeing that there is an entire society with its own laws and standards outside my protected sphere of wealth and privilege—it&#8217;s frightening,&#8221; Wentworth said. &#8220;It almost makes you consider your actions and their impact on others. Almost.&#8221;</p></blockquote>
<p>I&#8217;d encourage you to head over to The Onion and read the full story. It&#8217;s good for a laugh.</p>
<blockquote></blockquote>
<p>Post from: <a href="http://www.everyjoe.com">EveryJoe</a></p>
<p><a href="http://www.everyjoe.com/articles/the-onion-shares-story-of-near-consequences/">The Onion Shares Story of Near Consequences</a></p>
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