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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (71218)	3/22/2009 8:28:54 PM
From: Maurice Winn	3 Recommendations Read Replies (2) \| Respond to of 74559

Snow, you are out of date on the chicken plucking. It's all machinery now. But why would you want to be mean to our great estimable, venerable and admirable idol Uncle Al KBE who didn't really have anything wrong with his model though he claimed to have found a fault. The fault he found was like finding that water flows downhill = yes share holders and management don't necessarily look after their own interests. That's not really a surprise. There wasn't much he could do about that. Where punishment is needed is where there was provable fraud, breach of fiduciary duty, criminal negligence etc. It seems a stretch to believe that there wasn't fraud, but one should never be surprised at the level of ignorance and stupidity people can bring to bear on any situation. During the huge house boom, the "I Am A Mindless Zombie" stream was ignored while people went nuts borrowing and lending vast amounts of money with no visible means of support. Nobody made them borrow. Millions of people didn't borrow. Hordes didn't lend. It was choice. Green$pan just provided a measuring stick for people to use, which he rented out to them at very low royalty rates. It's absurd to get angry at the person who provides a kilogram standard if you agree to buy too many kilograms of tomatoes which you then fail to sell and they all go rotten. A dollar is just a unit of measure, like a kilogram, metre, decibel, watt, etc. Blaming the length of a dollar for doing stupid things is ridiculous. Criminals on the other hand, who fraudulently got away with loot, should be sold off as body parts. If they issued an A+A+A+ credit rating when they knew the highly-rated company would be DOA the following week, then that's simply criminal fraud. My guess is that there was plenty of that sort of malarkey going on. Mqurice