LEES WOOD-CO said:
Shouldn't you guys be angry with the Bank CEO's, Wall Street, and Politicians for allowing the fleecing of taxpayers and investors instead of some guy wanting $375/ton for pellets.
While you're at it, why not be angry with everyone who owned mutual funds who invested in said banks & mortgages? How about every little old lady who bought AIG because they were a blue-chip with great dividends? When all is said and done, there are very few of us who did not profit from the run up to the "fleecing". If you have a low-interest mortgage, owned stock in any of the Fortune 500, owned Mutual Funds, or have your 401K invested in any broad market index fund you profited (before the correction) from all of the "bad" things those "other" people did.
A little sense of history is in order. Check out the Great Tulip Mania of the early 1600s. It shows that this behavior has been with us for an awful long time and is most likely going to be here again - more recently in the dot com bubble and now with sub-prime mortgage lending (and derivative investing). Although there is some evidence that the Tulip Mania wasn't strictly a speculative endeavor - there was substantial speculative investing that helped fuel the nonsense.
"We have met the enemy and he is us." -- Pogo