A moo point, basically …

Arbit/ Random

Titanic Revisited

with 2 comments

Imagine a strong behemoth of a ship like the Titanic

Imagine it sailing in somewhat choppy waters which are very risky but which overall helps the ship people make a lot of extra money.

Now imagine NOT being too surprised when the ship crashes into a big frikkin’ iceberg and people start blaming each other for not expecting this. The people responsible for charting the courses either have already gotten off the ship or are long gone.

And lastly, imagine the ship being fettered with a lot of gaping holes (because the iceberg keeps on coming back at the ship, and it also hollers out to other icebergs to join in in the fun), and the people onshore on board being entrusted with silver teaspoons to ‘Help keep things afloat’. Folks who work hard and show excellent potential and ability are given ladles instead of spoons and are rewarded by a lot of fully-paid Titanic cruise passes.

Now replace the word ‘Titanic’ with the name of any big financial firm and ‘the iceberg’ with the current Credit Crisis …. the bilaadi metaphor still makes sense.


Written by sujaybedekar

November 1, 2008 at 4:47 pm

Posted in europe, Finance, london

Tagged with , ,

2 Responses

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  1. Quite right…what a great analogy!

    Tanvi Saraf

    November 15, 2008 at 8:15 am

  2. […] topic myself. (The Icelandic meltdown, as obvious a pun as there can be, was what inspired this […]

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