SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (75142)6/12/2011 3:02:40 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 218137
 
>>>This is called robbery.<<< - did you ever imagine that at present time the US will act differently?

See Tourre of GS lawsuit - it is clear robbery and the judge does not want to call it so. This scum should have been impaled long time ago.

bloomberg.com

Well over 10 years on SI a coined the notion of ROBBER BARONS for the WS banks why you think it si any different today



To: elmatador who wrote (75142)6/12/2011 3:04:59 PM
From: Maurice Winn1 Recommendation  Read Replies (3) | Respond to of 218137
 
Robbery is what Brazilians do to tourists on the Amazon, at gunpoint - "Hand over your watches and stuff or we shoot". It isn't robbery to accept a loan in good faith, only to find that one is not in a position to repay so opting for bankruptcy instead.

<you take a pile of loan don't pay because you are armed to the tooth?

This is called robery.
>

A fraudulent loan would be closer to robbery, but not many people accepted loans with a view to losing their equity in the loans.

Meanwhile, there is a slow motion "Flash Crash" in progress so mathematicians can test the responses of people and competing models to see who is "chicken", who blinks, which computer system has better judgment, how the regulators respond, and how the Federal Reserve will pay out and to whom.

Mqurice