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How Safe Does Obama Feel Outside US?
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Re: How Safe Does Obama Feel Outside US?
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icepick
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Jun 29 13 9:17 AM
Yes, that happened to a lot of people MOKSHA. While it wasn't robbery in the classic sense, there is no difference in my opinion. So were you maddest when you found out it was gone? Or when the Senate let them walk?
I looked at it like this. It was a pisser when they lost it, but anybody can make a mistake. I could get over it. But when the Senate let them walk for something I would do years over, I was livid.
However, there was no master conspiracy. This was simply a matter of pure greed. The real estate bubble was the culprit, and it was no different than the credit bubble in 1929. The concepts and mistakes were the same, but they did it anyway. The money was too good for their types to pass up. But here is where it gets sticky. The banks weren't the problem, nor were the bankers. It was their employees. This is why the Senate made me so angry for letting them off. The SEC should have already had the guilty parties in jail.
The banks are pretty rigid about playing these games. But they failed to watch their employees close enough, so in reality they were involved anyway. So who do you blame? Well, I have never known assignment of blame to solve anything. But in my opinion, if those employees had done some serious hard time, I would have been happy for them to use their discretion with the banks. But they did not do it that way, did they?
I agree. This was a screwed up mess, and heads should have rolled over it. It's not to late for the SEC to impose some serious class action, but don't hold your breath. With the economy the way it is, scare tactics sounded realistic. But to be honest, nothing would have recovered your savings. They had things to the point that they had to roll $2 Trillion over daily to keep things going. That's a pyramid scheme, and the number of laws prohibiting them are near infinite. Somebody greased a few palms, so I don't blame you for being angry. Do you think I felt any different?
The John Birch Society predicted this back in 1971 when Nixon took us off the Gold Standard. Of course we were all ready to listen to the JB Society. NOT! But we should have, because they were right. That's the pits of the thing. Somebody knew this was going to happen 37 years in advance. And nobody listened. I'm sorry you lost your savings. Or the bulk of them anyway. But like the rest of us, the only thing you can do is get over it. That truly does suck, does it not? At least the room didn't dim and turn red while I was typing this. Any idea how long it took for that to stop?
But why didn't you join those of us who were screaming to vote the lot of them out of congress? Don't you think that would have sent a message? There, just so you know you were not alone. For what good it does?
BTW, I was not directing that at you. The OT statement was meant as an example. Their types use that every day. And in case you are interested, that type of individual was one of the primary profiles involved in the bubble. Now they are trying to make money off of warning you ............ about what? People like them? No, those they choose to blame. Jerks!
Tim
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