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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (68090)	11/12/2010 6:34:19 PM
From: carranza2	1 Recommendation Read Replies (1) \| Respond to of 217620

Wife and I went to see 'Inside Job' this afternoon. A pretty good outline of the greed-infected mindset that is Wall Street and how it nearly crashed the world a couple of years back. Nothing you and I and most who post here and other similar places don't already know except one thing: there has not only been a capture of the government - for sums which are a relative pittance - but also of academic economics. It's a good strategy: pay the chairs of the various economics departments at top universities enough and they will sing any tune you want them to. It gives the corrupt gov't officials and bureaucrats intellectual cover for their outrageous behavior. A memorable scene: The head of the IMF describing a dinner party with Hank Paulson shortly after the crash in which a number of WS thugs begged for more regulation. The message: We are bad, we are greedy, if you don't want bad things to happen you must regulate us because we can't help ourselves.