gardenhackle: Read my remarks to Chris. Pick your bit of rubbish to champion as gold and start a thread on it.
I read that and it conveys your opinions. Just that. I will point out ot just one thing by now: Ponzi schemes rare? How long did it take to catch Madoff? so can you prove that there are not others like him speculating now? I am sorry, their schemes are well-hidden in a maze of operations and with the seemingly blessing of the SEC and other corrupt boards. You do not need many of those lads now to destroy your economy and rob the money of people. Those in the scheme have so much money, know what they are doing and they just go for even bigger money.
But what is the financial mechanism that permits them to stay alive and not to collapse until enough money is sucked out? Derivatives, securities and much more. Do you know all the mechanisms in the stock market they can use, to say what you say? Yes, I can start a thread just to crush your pretentious rubbish.
Anyway, I am just saying this not to mean anything wrong about the US and make you more touchy, but just to say that your chemical analysis of that "rubbish" falls flat. Finances are not learned in newspapers...
2) Wall Street crooks are still free (guilty of a felony but not being prosecuted)
3) They gave themselves millions of dollars in bonuses after getting bailouts from your bleeding heart government. Is it true and if so, why?
4) Where did bailout money come from? Stupid question - we know the government LOANED the money. We might want to discuss "Why", though, since somewhere below we'll find the accusation that the US is responsible for the Global recession (yeah, like we're the ones that were behind all the corruption in the government of Greece <rolleyes smiley goes here>.
5) We've proved that the FED prints monopoly money. Is that true? Does the US operate differently than other nations with fiat currency? What is fiat currency?
6) That they with the Wall St have caused a global recession and that it's the worst the US has ever known (don't go here because the great depression made this child's play).
7) We've proved we're in debt for trillions (HEY! a fact!!!!)
8) That the government system is bought off, whether by the oil people, multinationals or bankers or all together depending on who they're buying off. (spurious rhetoric but if you want to take a run at it, go for it).
So..... pick your poison.
Again, finances are not learned from newspapers or mags... you are just insulting people. That is your best argument...
So your point on Wall Street is moot as our banks,Iceland,Ireland,Greek,Spanish,Dutch and the list goes on and on.... The whole worlds banking system let us down and the worlds governments could only bail them out or we would have nothing now at all.
Mind you, that this is happening worlwide does not mean that Ginni´s point is MOOT. Quite the contrary it supports Gini´s main point; the general state of corruption in the financial markets... and why? Just because they form a whole network with so many delicate links. Anyway, I won´t say more about that.
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I will point out ot just one thing by now:
Ponzi schemes rare? How long did it take to catch Madoff? so can you prove that there are not others like him speculating now? I am sorry, their schemes are well-hidden in a maze of operations and with the seemingly blessing of the SEC and other corrupt boards. You do not need many of those lads now to destroy your economy and rob the money of people. Those in the scheme have so much money, know what they are doing and they just go for even bigger money.
But what is the financial mechanism that permits them to stay alive and not to collapse until enough money is sucked out? Derivatives, securities and much more. Do you know all the mechanisms in the stock market they can use, to say what you say?
Yes, I can start a thread just to crush your pretentious rubbish.
Anyway, I am just saying this not to mean anything wrong about the US and make you more touchy, but just to say that your chemical analysis of that "rubbish" falls flat. Finances are not learned in newspapers...