Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (496021)	7/17/2009 11:20:11 PM
From: combjelly	1 Recommendation Read Replies (1) of 1578372

"*Minor wacko theory - they were just manipulating the market, which wouldn't be surprising, and things got out of hand..." I don't think this is wacky. After all, they all do this to some extent. As to the other, it would depend on what you mean. Did they engineer it from the get-go? Doubt it. Too complex and dependent on a lot of factors even they couldn't know. Did they take advantage of certain, umm, opportunities to give a well placed shove? Given the mindset in that market, there is only one answer to that... The heart of the problem, which is far from being addressed, is that the financial markets have become overtly high stakes gambling. They get to be essentially the house and they also get to place the bets. It isn't their money, they just get a percentage. If they lose big, all that happens is they get fired and quickly snapped up by another gambling house. There are few incentives to playing prudently because there isn't much of a downside. There are incentives to taking huge risks, the bigger the better.

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