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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (458011)2/20/2009 11:45:27 AM
From: Road Walker  Read Replies (2) | Respond to of 1574004
 
Sure, the rich traders on the floor of the Chicago options exchange, the crowd cheering when CNBC's Rick Santelli went berserk this morning, are thrilled at the concept of ending the endless bailouts and letting the chips fall. Sure they want it to end.

I used to drink with the CBOE traders at the Berghoff Men's Stand Up bar in Chicago every day after work. (Yes, "mens". When I first went there they didn't allow women in. That, um, changed.). Crazy guys, the ultimate gamblers, drank like you wouldn't believe, died young of heart attacks. The most frenzied people I ever met. In the early 70's they sold squares for the Super Bowl for $10K each, one winner only for $1Million (tax free) cash. $10K in those days was probably equivalent to $100K today. 100 to 1 odds.

They were nuts, but fun to hang with for an hour or so. I wouldn't want them to run the country....



To: tejek who wrote (458011)2/23/2009 12:03:14 PM
From: TimF  Respond to of 1574004
 
Look what happened. The world ended.

Its still here, and it hasn't even been seriously transformed.

It was about the real hazard: revolutions, genocide, social upheaval that obliterated the lives of millions.

That isn't a noticeably bigger hazard without additional bailouts and stimulus than it is with them.