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


To: Suma who wrote (190671)3/14/2009 2:46:50 PM
From: Patricia TrincheroRead Replies (1) | Respond to of 306849
 
Sorry to hear that.........what a sad story on all fronts.

Too bad no one took that story to the mainstream press. It sounds like lots of money was lost.

I also wonder how many other schemes were perpetrated on people around the country. Some on a lesser scale but still a monetary loss to someone.

The entire stock market is structured in a way that makes it so easy to run an unethical operation. I hesitate to use the word. "criminal", because it's legal...........but is it ethical?

What in hell is the difference between unethical and illegal? Perhaps the difference is getting caught. If you steal someone's money and can spin that loss as a part of market dynamics then it's legal but unethical........if you get caught doing a specific illegal move then it's criminal.

The victim loses money in both cases...........the difference is in what happens to the perpetrator.

Perhaps Congress and our gov't are running non-criminal pyramid schemes on all of us? Is the pyramid the real business model used by the feds? The guys and gals at the top are getting paid back but the last ones to the dance are left holding the empty bag.

If the markets had not fallen by half then we would all still be dancing our merry way down the road with blinders on.