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

To: Jacob Snyder who wrote (72478)	3/29/2011 8:50:39 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 217588

Jacob, an easy way out that would boost stock prices and avoid a lot of pain is for hordes of government 'workers' to get real jobs more suited to their talents. <governments face choices that are all bad, going forward. Cure inflation, and we get recession. Cure deficits, and we get recession. Fail to cure deficits, and we get a cascading series of sovereign debt defaults. Fail to cure inflation, and... I don't see any way out, that doesn't involve a lot of pain, and much lower stock prices. > Sovereign debt defaults are bad for the foolish people who loaned money - such as Russia to Saddam Hussein, but good for the people who were supposed to pay the debts but declined to do so [the regular humans who did not benefit from the loans and have no reason to think they should repay loans to their tormenter]. Lending to governments is hazardous [contrary to the silly idea that it's riskless investment]. Mqurice

To: Jacob Snyder who wrote (72478)	4/15/2011 2:52:43 PM
From: Jacob Snyder	2 Recommendations Read Replies (1) \| Respond to of 217588

Banks Near Deal With SEC U.S. securities regulators are in talks with several major Wall Street banks to settle fraud allegations related to mortgage-bond deals that helped unleash the financial crisis... Criminal prosecutors have not brought cases against senior executives of any of the major financial firms involved in the crisis, including those that failed or were bought as they were collapsing, in part because they are not confident they can prove the individuals intended to defraud investors... online.wsj.com my comments: 1. Bank executives are unjailable. They don't go to jail, no matter how much they steal, no matter how many laws they break, and no matter how much economic pain they cause other people. 2. The companies, not the bank executives, will pay the fines. The companies will pass these costs on to their customers. So, the same class of people who were the victims of the fraud, end up paying the fines for the fraud. The companies also pay all the legal costs, and pass those on as well. 3. Therefore, there are zero consequences for the decision-makers: the bank executives, and the SEC regulators. 4. Therefore, as soon as popular anger subsides, they will go back to doing what worked so well for them, even if it works very badly for the nation as a whole. Why Isn't Wall Street in Jail? rollingstone.com Why is the Fed Bailing Out Qaddafi? rollingstone.com Invasion of the Home Snatchers rollingstone.com The Real Housewives of Wall Street rollingstone.com