Ed Weick wrote: > led to crises such as the American subprime mortgage crisis. Why of course, > everybody is entitled to own their own home. So you build a very large > number of houses, sell them to people who cannot pay, package mortgages into > securities, get collusive rating agencies to rate the securities triple A, > and sell them far and wide throughout the financial system. The securities > are worthless but investors don't know that. Or as in the recent case of > Goldman Sachs, sell them to people who know they are worthless but have > taken out insurance against their collapse and make a lot of money that way.
And the driving force in all of this was: Predators. It's a profit scheme by and for Predators. Is that so hard to see? After the housing went bust, the same speculators can buy it nearly for free. > Perhaps it is more of an American game than a European one, but I'd argue > that we are all complicit. The usual cave-man PR again: It's in our genes, yada yada... It's funny, wherever one brings up the Predator theme, at least one pops up saying basically (or even literally): "We all are Predators!" Well, it just depends on who you mean by "we". ;-} I'd suggest the cave-men walk their talk (for once, at least) and stop using the Internet, which is so 21st-century... That would make it a more sensible place. And if Soros & Co. would also go back to a cave -- like their fellow billionaire Osama bin Laden --, the world would be a better place. Walk your talk, cavemen! And finally leave the non-cavemen alone. Then let's see whether non-cavemen behave like cavemen! How about this longbet: "If Soros and other "we all are cavemen" believers go back to a cave and leave the non-cavemen alone, the economies will mend soon." Chris ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SpamWall: Mail to this addy is deleted unread unless it contains the keyword "igve". _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
