Regarding who's doing the most damage to US economy, I'll just say I won't comment.
I take issue with the 1%/99% idea; ie, the excuse that some people deserve more just because they are allowed to lie - even if it makes them hypocrites. On Wed, Oct 12, 2011 at 9:40 AM, Jeffrey Walton <[email protected]> wrote: > On Wed, Oct 12, 2011 at 2:51 AM, Christian Sciberras <[email protected]> > wrote: > > Darren's and indeed many other people's lame excuse is that they're too > > humble to be greedy. As if! > Its not about greed - pursuit of wealth is fine. You just can't harm > others while doing it. (Well, apparently you can in the US). > > One of the funniest things I ever read regarding Bin Laden's little > war was a boycott of the US dollar to reduce reliance [on the dollar] > and to harm the US economy [1]. > > Thought experiment: terrorist wanted to ruin the US economy. US > Financial institutions threw the US (and world) economy into a > recession (again). The US financial institutions responsible must be > terrorist organizations. > > Thank {insert higher being here} that Bin Laden did not make a PAC > contribution on 9/10. > > Jeff > > [1] http://www.nytimes.com/2010/01/30/world/middleeast/30binladen.html > > > > On Tue, Oct 11, 2011 at 6:07 PM, Jeffrey Walton <[email protected]> > wrote: > >> > >> On Tue, Oct 11, 2011 at 9:25 AM, Darren Martyn > >> <[email protected]> wrote: > >> > Chris - Empathy, guilt, and morals. Guilt being a major factor. The > >> > possibility was always there to make millions via evil means, but > morals > >> > and > >> > knowing it would be hard to live with. > >> > > >> > The problem is not getting lots of money. That is the easy part. The > >> > issue > >> > is with living with yourself afterward. > >> How about illegal? Check out the Hobbs Act [1]. I'm not making this > >> crap up - the US has laws on the books for negatively affecting > >> commerce (which the crash did), and using fear to peddle their warez > >> (how financial institutions market their instruments). There's > >> probably provisions in the PATRIOT Act, too. > >> > >> The last tine I checked (about a year ago), the SEC had opened fewer > >> than 100 civil investigations. No criminal investigations, despite the > >> fact that some of the financial institutions created spurious ratings > >> companies just to rate their instruments 'good'. > >> > >> Jeff > >> > >> [1] > >> > http://www.justice.gov/usao/eousa/foia_reading_room/usam/title9/131mcrm.htm > >> > >> [SNIP] >
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