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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 457.82+1.3%Jan 23 4:00 PM EST
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To: Elroy Jetson who wrote (107669)9/21/2014 5:48:03 AM
From: Haim R. Branisteanu  Read Replies (1) of 219732
 
Elroy what you miss in your explanation is the fact that the FED is in charge of the financial sector and the lending practices of the financial entity some of which masqueraded as banks or WS brokers or insurance companies.

The lack of proper oversight is what brought us to the last financial debacle out of pure political interests and that of those well connected.

Is it not strange that no one was persecuted?, at a time that Mike Milken, Boesky, Levin, Keating, Ebbers, Fastow, Skilling and the other nice guys did go to jail?

They acted no much different that the WS firms before the financial debacle (Lehman being a clear example - and AIG full of stupidity) or more recent JPM, same think under a different financial instrument definition.
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