Yep, the rich get richer and the poor get poorer, until the rich lose all their money through criminal greed and the poor suffer from "getting screwed" withdrawels and replenish the rich folks money so the natural order of things can continue.
Posted by TIKI AL at July 4, 2009 05:49 PMThank god for the New York Stock Exchange! As Taibbi points out, the NYSE is solving the problem of Goldman by...get this...making Goldman invisible to watchdog groups. Goldman can exert it's influence and no one can know about it. Problem solved!
Posted by phidipides at July 4, 2009 06:43 PM"Making Goldman invisible to watchdog groups"
God, if only we had good lib'rul Dems running Congress to object to shit like this, or a Dem prez to get that crackerjack SEC involved!!!......oh...er....um.....never mind.
One is simply a fool to place money in this rigged NYSE game. If you (knowlingly or unknowingly) have invested against some Goldman scheme, you're simply screwed. And you won't know until you've lost 50% in a day. Unfortunately this applies to even the "safest" assets.
Posted by euzoius at July 5, 2009 05:33 AMMary,
Thank you, and you may find this PBS/NOW investagative piece televised in December of 2008 shocking. The rating agencies were the fuel for this bubble since 2001.
Credit and Credibility video:
http://www.pbs.org/now/shows/446/
And in case you missed "Fools Gold," a book by Gillian Tett of the Finacial Times, is Outstanding!
Richard