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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (10073)	3/13/2004 9:16:57 AM
From: austrieconomist	Read Replies (1) \| Respond to of 110194

You diminish your case on the bias and even culpability of employees of the banks and other financial institutions by trotting out the Martha Stewart case. She was convicted not "for proclaiming her innocence" but for lying and cover-up attempts to investigators, as found by a jury of her peers. Precious Martha had numerous opportunities to skate with a slap on the wrist but refused accept the slightest admission of culpability. She paid the price.

To: Haim R. Branisteanu who wrote (10073)	3/13/2004 9:45:24 AM
From: Crimson Ghost	Read Replies (2) \| Respond to of 110194

Excellent post cutting through the BS! I would that this is merely one reflection of the "financialization" of America under Greenspan and Bushie types. The financials now account for a record percent of the capitalization of the S&P 500 and carry trade or neo carry trade type transactions comprise a hefty portion of corporate profits. What this amounts to is a huge transfer of wealth from savers, retirees, and conservative people in general to big business and the speculative classes.

To: Haim R. Branisteanu who wrote (10073)	3/13/2004 10:20:03 AM
From: Square_Dealings	Read Replies (2) \| Respond to of 110194

I also feel that those at the top in the financial world have no sense of responsibility. In fact I think they are mostly ready to retire and are using public funds to swing huge trades that they can profit from personally. It must be the same in Japan, a bunch of aging Japanese baby boomers recklessly throwing around their country's money so they can retire fat and happy. In the U.S. who would let the mortgage bubble get so out of control unless it was a group that didnt plan to be around to take responsibility when it crashes? What a joke NOW Greenspan suggests regulating Fannie Mae and Freddie Mac. This guy is a puppet of organized crime. M