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To: Haim R. Branisteanu who wrote (73370)	5/6/2010 8:10:40 PM
From: THE ANT	Respond to of 74559

Agreed,finance for society as a whole is a money loser.It sucks a percentage off the little guy and through its gimmicks makes big bucks while shifting off risk to too big to fail entities (read US tax payer)Finance is like lawyers,you need a little to grease the wheels of capitalism and too much gunks up the system.It is a service industry and produces no technology nor production.For now the US politicians continue in bed with these guys.Speaking of dirt balls where is London Guy?

To: Haim R. Branisteanu who wrote (73370)	5/7/2010 1:26:08 AM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 74559

Haim, you could start such a bank which gives people what they want: <The world needs boring simple financial markets and not hot shots that dream up scheme and derivatives which have no purpose except speculation and enrich those that create them> You would have millions of customers in no time if you are right. If you are not, your bank would join the crowds of those which fail. Meanwhile, back in the jungle, default is always an option: <Greece wants to secede and stick it to the European banks which hold most of their debt > When the Iraqis said they weren't going to bother acknowledging the national debts incurred by Saddam to build himself loads of palaces and to hire a swarm of soldiers to protect him, Russia whined like a fleet of Koreans. Too bad for them. They should choose their debtors more carefully. Same for Greece. The Greek government can say "sorry, no money left", write off the debts and carry on while paying the government "workers" at reduced rates matching the income they have available. Selling tradable citizenships should bring in many $billions a year. The Euro club would no doubt boot them out of the EU. Too bad. They could join China in a free trade deal or not bother with such stuff and just leave people to buy and sell as they like with whoever is willing to trade. Mqurice