Myth 195 - The American Myth
Singapore is, and still is, the ideal convert of the Great American Dream. Everything American is good, except the bi party system. We adore all the big names, the great talents and the American melting pot. We plugged into America more than just to the world. We aped almost in entirety, the American financial system and their greed. And we are the first to pay the price of our childish phase of growing up. Big names, tested names and great talents cannot be wrong. Just pay them as much as they asked for, for they are worth every cent of it. We have seen many American myths in the past that went up in smokes. But those were totally ignored. Now this final disclosure of the colossal mismanagement and cheating by the financial whiz kids and their dirty dealings that cheated a whole nation and the world being opened up for all to see. Real talents would not have dug a hole that is so big to bury America and the world. Million dollar and billion dollar talents are everywhere on the streets of New York. Are we eagerly waiting to grab them to create our own myth? We have been conned by the juicy big apples of big names like Merrill Lynch, Citibank, Goldman Sach, Morgan Stanley etc etc. I too thought it was a great idea to put a stake in these great banks. I too was conned by this American Myth. Shall we continue to go along as a bright eye kid and saying yes to anything America? Pay big money for big talents, buy up big American banks and duplicate American financial systems and practices without a second thought to their relevance and extravagance?