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Hat tip Larry Doyle’s Sense on Cents
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Ritholtz has been observing capital markets with a critical eye for 20 years. With a background in math & sciences and a law school degree, he is not your typical Wall St. persona. He left Law for Finance, working as a trader, researcher and strategist before graduating to asset management
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Bailout Nation
How Greed and Easy Money Corrupted Wall Street and Shook the World Economy
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One gets the feeling we are once again living in the age of the robber barrons.
So true.
so . . .why hasn’t he beat that dude’s ass and taken his money already
they need to incorporate uncle sam to. That would be golden.
ahab: That’s the best post I’ve seen in a long time!
@ahab
Which guy is doing the beating?
So is that little dude harry?
Well…BR…maybe Ms. BR is a gem and very docile and NEVER opinionated…never complains about anything…just paints and teaches. But, in her “heart of hearts” if you dig deeper…she might have some very strong opinions about this:
—-
QUOTE FROM ARTICLE:
“I didn’t know Brooksley Born,” says former SEC Chairman Arthur Levitt, a member of President Clinton’s powerful Working Group on Financial Markets. “I was told that she was irascible, difficult, stubborn, unreasonable.” Levitt explains how the other principals of the Working Group — former Fed Chairman Alan Greenspan and former Treasury Secretary Robert Rubin — convinced him that Born’s attempt to regulate the risky derivatives market could lead to financial turmoil, a conclusion he now believes was “clearly a mistake.”
anyone else think the Main Street guy looks like Joe Paterno?
call me ahab Says:
so . . .why hasn’t he beat that dude’s ass and taken his money already
Ahab
Because he lacks a work ethic and that’s why he’s a bum. Obviously
I think the main street guy looks kind of like Michael Moore.
The “everyman” character has been “conditioned” (or indoctrinated) to vote, appeal to his representatives, and fall back on the society at large – anything but violence – to remediate his plight.
Going forward, as he gets ever-more desperate, these societal trappings may disappear out of frustration, anger, and revenge (dare i say “patriotism” ?- whatever happened to the Constitution and our so-called rights? why do the “laws” only apply to us and not corporations, the wealthy, and the powers that be?).