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I'm still outraged at what happened after the bailout. I think its a slap in the face to honest, hard working Americans for the very same bankers who nearly tanked the Economy, justify to justify million plus dollar bonuses.
That's why I don't believe its beyond them. They probably have the most links to the government as well.
Jeez, some of you folks really need to get a grip. On Wall St. and elsewhere trades get cancelled all the time for all sorts of reasons. The only reason people are talking about this is because it involves GS, the Darth Vader of Wall St. to the tin foil hat crowd.
Jeez, some of you folks really need to get a grip. On Wall St. and elsewhere trades get cancelled all the time for all sorts of reasons. The only reason people are talking about this is because it involves GS, the Darth Vader of Wall St. to the tin foil hat crowd.
That all is true but it wasn't long ago that those who claimed that the government was spying on us where nothing but tin foil conspirators.
People can see the economy dragging, employment stagnant, wages stagnant but the markets booming. It doesn't take a tin hat to see that something isn't right.
That all is true but it wasn't long ago that those who claimed that the government was spying on us where nothing but tin foil conspirators.
People can see the economy dragging, employment stagnant, wages stagnant but the markets booming. It doesn't take a tin hat to see that something isn't right.
I get it, but I worked compliance on Wall St for many years and just the stupidest stuff goes on. Many a time we had to break up an erroneous trade...we took profits away just as quickly as losses. The only reason people have any interest in this is GS.
"How is this interest rate determined? We trust that the banking system is setting today’s rate based on its best guess about the future worth of the money. And we assume that guess is based, in turn, on the cumulative market predictions of countless lenders and borrowers all over the world about the future supply and demand for the dough.
But suppose our assumption is wrong. Suppose the bankers are manipulating the interest rate so they can place bets with the money you lend or repay them – bets that will pay off big for them because they have inside information on what the market is really predicting, which they’re not sharing with you.
That would be a mammoth violation of public trust. And it would amount to a rip-off of almost cosmic proportion – trillions of dollars that you and I and other average people would otherwise have received or saved on our lending and borrowing that have been going instead to the bankers. It would make the other abuses of trust we’ve witnessed look like child’s play by comparison."
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