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07-07-2012, 07:20 PM
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Location: Vallejo
15,767 posts, read 17,716,447 times
Reputation: 14163
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Imagine... a system of "Hey what's your rates today" to a guy with a vested interest to the tune of tens of millions of dollars in the rate swinging a basis point this way or that produced numbers that weren't accurate. Shocker. Apparently there's damning evidence of it going back to 2005, but guys in the trenches have come out saying it was everyday in the '80s when they were on the floor. That's guys in the trenches, low level traders and analysts, not some bigwigs in a barred doors board room. Everyone knew it was occurring and no one cared.
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07-07-2012, 09:02 PM
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3,327 posts, read 3,745,037 times
Reputation: 2854
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The question is; if everyone is cheating, isn't the playing field level?
Big banking is a cartel, so why are people surprised? Cartel's inherently cheat. That's part of the business model.
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07-07-2012, 09:28 PM
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16,308 posts, read 25,929,121 times
Reputation: 8322
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07-07-2012, 10:58 PM
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3,335 posts, read 2,685,158 times
Reputation: 921
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Greed brought down the world economy. How nice of the selfish bastards.
Can we pretty much figure that their are a bunch of small pigeons that will get their wings clipped, while the Daddy vultures go off to new feeding grounds?
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07-08-2012, 09:18 AM
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Location: Warwick, RI
3,398 posts, read 4,407,291 times
Reputation: 5607
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Quote:
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Greed brought down the world economy. How nice of the selfish bastards.
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Yeah, the Daddy vultures that call themselves politicians. You socialist propagandists can keep complaining until the end of time about the "big, greeedy bankers", but what you refuse to acknowledge is that the bankers are mere amatuers when it comes to greed and corruption. The greed you should REALLY be complaining about is GOVERNMENT greed - the kind that takes down banks in Europe when the value of their government bonds (supposedly the safest investments in the world, right?) collapse, and STILL these countries refuse to live within their means. Forget the bankers, governments are where you really need to start cleaning house. Oh wait, how silly of me to forget! You socialist types want the governments to run everything!!
Last edited by treasurekidd; 07-08-2012 at 09:30 AM..
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07-08-2012, 09:41 AM
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3,335 posts, read 2,685,158 times
Reputation: 921
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Quote:
Originally Posted by treasurekidd
Yeah, the Daddy vultures that call themselves politicians. You socialist propagandists can keep complaining until the end of time about the "big, greeedy bankers", but what you refuse to acknowledge is that the bankers are mere amatuers when it comes to greed and corruption. The greed you should REALLY be complaining about is GOVERNMENT greed - the kind that takes down banks in Europe when the value of their government bonds (supposedly the safest investments in the world, right?) collapse, and STILL these countries refuse to live within their means. Forget the bankers, governments are where you really need to start cleaning house. Oh wait, how silly of me to forget! You socialist types want the governments to run everything!!
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i'm a conservative douche bag... open your eyes and see the reality of who runs the world.
He who has the Gold makes the rules.
I loath the Gov't, they are sellouts to keep their golden parachutes of power. So before you go shooting off your ignorance, why don't you ask who your talking to, before you look like a typical fool. |
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07-08-2012, 11:43 AM
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Location: Great State of Texas
86,068 posts, read 76,117,310 times
Reputation: 27635
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The governments and banks brought down the economy once before.
After that laws were put in place to prevent that.
Then the laws were repealed because "times have changed".
Now we get to see that times really haven't changed.
They say history repeats itself. So read up on your history.
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07-08-2012, 12:01 PM
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3,335 posts, read 2,685,158 times
Reputation: 921
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Quote:
Originally Posted by HappyTexan
The governments and banks brought down the economy once before.
After that laws were put in place to prevent that.
Then the laws were repealed because "times have changed".
Now we get to see that times really haven't changed.
They say history repeats itself. So read up on your history.
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They didn't repeal it because times had changed, they just found sell out "representatives" that were easily corrupted, while the American sheeple were at WalMart.
No need to know history. Just understand that power and greed kill dreams, goals, and people.
And the sinful nature of man must be monitored at all times.
Thomas Jefferson has a few real good quotes regarding the corruption and consolidation of power. |
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07-08-2012, 05:03 PM
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5,353 posts, read 10,242,089 times
Reputation: 4361
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Back towards the start.
Naw, no big deal.
Just steal and steal and steal.
Eventually they will run out of anything to steal and it will be over.
Meanwhile -- Burn, Baby, Baby.
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