> Dana wrote: > > they will find a new scam, since Goldman Sachs essentially runs the Fed now. >
Naw, no reason to innovate when the old scams work so well. Hell, it took them 5 years to really figure out how run this scam in the first place after Clinton signed the CFMA, so they're not just going to throw it away. The reason this stuff is legal has nothing to do with capitalism, it has to do with regulation, so in that sense it's really a expose on how to make capitalism fail: an unregulated market. See there are like 200 regulatory bodies that watch over this stuff. Think if there were 200 groups regulating a farmers market. I'm pretty sure some bad beets would slip through. The key is that each of those 200 regulatory agencies is governed by some congressman and there's no way in hell that person is going to support (i.e., vote for) eliminating their power base. Nor will they vote to eliminate the other ones for fear they'd be next. So you really only get one chance to change this f'd up system: during a crisis. And Obama blew it. Now he's trying to shame Wall St into knocking this shit off (since he knows there are effectively no regulations). Like that's gonna work. On the good side, if the US gov't stopped backing the banks we'd have that crisis again so ... there's that. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:310011 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
