Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: SGJ who wrote (149220)	9/22/2008 11:13:19 PM
From: neolib	Read Replies (2) \| Respond to of 306849

Ponzi schemes are the purest free market economies. You've just seen one in real life, although plenty of people denied it was a Ponzi scheme (from Greenspan on down) and now you get to see the consequence. I'd prefer to not have quite that free a market, because even though I didn't participate in the scheme, I get damaged in the collapse.

To: SGJ who wrote (149220)	9/23/2008 9:49:31 AM
From: Tommaso	Read Replies (2) \| Respond to of 306849

>>>One must take their lumps in a free market economy. Each to his own degree of recklessness. Bailouts are for cowards.<<< But in America, everyone is a winner. Except for about 55% of the people who gamble in Las Vegas each day. This is a serious instance of discrimination that ought to be addressed immediately. A Federal Commission for Fairness in Gambling should be established with an ample budget to compensate those who lose money. We are not talking just about macho high-rollers, but ordinary people, including women, minorities, intellectually challenged persons--even members of the gay community. Such action would also benefit the tottering real estate market in Las Vegas by inducing people to settle in and gamble for the rest of their lives.