Regarding who's doing the most damage to US economy, I'll just say I
won't comment.
I take issue with the 1%/99% idea; ie, the excuse that some people
deserve more just because they are allowed to lie - even if it makes
them hypocrites.
On Wed, Oct 12, 2011 at 9:40 AM, Jeffrey Walton <noloader@xxxxxxxxx
<mailto:noloader@xxxxxxxxx>> wrote:
On Wed, Oct 12, 2011 at 2:51 AM, Christian Sciberras
<uuf6429@xxxxxxxxx <mailto:uuf6429@xxxxxxxxx>> wrote:
> Darren's and indeed many other people's lame excuse is that
they're too
> humble to be greedy. As if!
Its not about greed - pursuit of wealth is fine. You just can't harm
others while doing it. (Well, apparently you can in the US).
One of the funniest things I ever read regarding Bin Laden's little
war was a boycott of the US dollar to reduce reliance [on the dollar]
and to harm the US economy [1].
Thought experiment: terrorist wanted to ruin the US economy. US
Financial institutions threw the US (and world) economy into a
recession (again). The US financial institutions responsible must be
terrorist organizations.
Thank {insert higher being here} that Bin Laden did not make a PAC
contribution on 9/10.
Jeff
[1] http://www.nytimes.com/2010/01/30/world/middleeast/30binladen.html
> On Tue, Oct 11, 2011 at 6:07 PM, Jeffrey Walton
<noloader@xxxxxxxxx <mailto:noloader@xxxxxxxxx>> wrote:
>>
>> On Tue, Oct 11, 2011 at 9:25 AM, Darren Martyn
>> <d.martyn.fulldisclosure@xxxxxxxxx
<mailto:d.martyn.fulldisclosure@xxxxxxxxx>> wrote:
>> > Chris - Empathy, guilt, and morals. Guilt being a major
factor. The
>> > possibility was always there to make millions via evil means,
but morals
>> > and
>> > knowing it would be hard to live with.
>> >
>> > The problem is not getting lots of money. That is the easy
part. The
>> > issue
>> > is with living with yourself afterward.
>> How about illegal? Check out the Hobbs Act [1]. I'm not making this
>> crap up - the US has laws on the books for negatively affecting
>> commerce (which the crash did), and using fear to peddle their
warez
>> (how financial institutions market their instruments). There's
>> probably provisions in the PATRIOT Act, too.
>>
>> The last tine I checked (about a year ago), the SEC had opened
fewer
>> than 100 civil investigations. No criminal investigations,
despite the
>> fact that some of the financial institutions created spurious
ratings
>> companies just to rate their instruments 'good'.
>>
>> Jeff
>>
>> [1]
>>
http://www.justice.gov/usao/eousa/foia_reading_room/usam/title9/131mcrm.htm
>>
>> [SNIP]
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