Replies to Msg. #731730
.
 Msg. #  Subject Posted by    Board    Date   
08859 Re: Let them eat hope.
   Yep. We've become financialized. Venice. The Dutch. Great Britain....
orda   ALEA   05 Jul 2012
10:50 PM
08854 Re: Let them eat hope.
   Wall Street is a good example. Bain Capital seems to have had this as...
Cactus Flower   ALEA   05 Jul 2012
7:03 PM

The above list shows replies to the following message:

Re: Let them eat hope.

By: Down And Out Man in ALEA
Thu, 05 Jul 12 6:50 PM
Msg. 08853 of 54959
(This msg. is a reply to 08852 by orda)
Jump to msg. #  

Wall Street is a "rigged" game designed to benefit the few at the expense of the rest. It's a "closed" system. I italicize "closed" because, theoretically, anyone can gain some degree of access if they are willing and able to gain the education, mold themselves to the proper form, and put forth the effort.

But for the (way over) 99%, the financial system is designed to skim a vig off of everything. Makes leeches look like rookie parasites.

Huge difference between the money made producing useful products, and money made churning commodities futures and derivatives. Ought to be treated differently taxwise, in some manner.