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To: robert b furman who wrote (29694)3/9/2012 4:40:12 PM
From: GROUND ZERO™1 Recommendation  Read Replies (3) | Respond to of 224072
 
Yes, I fully agree, and not only farmers, ALL the clients lost their money even though no proprietary trading was authorized... those executive are the criminals... they should all be investigated and fully prosecuted, but don't expect anything to happen, our federal government is as corrupt as those executives...

GZ



To: robert b furman who wrote (29694)3/10/2012 10:36:04 AM
From: Kirk ©4 Recommendations  Read Replies (2) | Respond to of 224072
 
I think it is actually rather simple. Reinstate the law Clinton removed with the help of Rubin that allowed those who hold your money to do proprietary trading.

Banks, futures markets, whatever... if they get access to cash from customers who expect to get it back without risk should not be allowed to trade, PERIOD. The idea of a "Chinese Wall" is BS when the people get desperate and can lie to their own systems to get access to funds they should not have access to.

BTW2, as someone screwed on Rubin's watch at Citi while he was paid a HUGE bonus to go away while the stock cratered, I think he should be in jail..... It was like he was rewarded for taking down these walls under Clinton to allow crooks access to the public's "safe money." That doesn't include all the pension funds and savers who had Citi in diverse portfolios and S&P index funds for the nice, "safe" dividend....... How many would have bought banking stocks if they really knew Rubin and others at the top were using the wealth of the companies to gamble?