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'Sounds like we not only need a new sheriff, we also need a carnifex...
Re: The more you hear about them, the worse it gets. -- robertb Post Reply Top of thread Forum

Posted by: LateForLunch ®

03/14/2023, 14:34:02

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...to punish the miscreants. Having zero accountability for people who engage in "correct thought" is a Marxist, cacogenic thing. Genuine meritocracy does not permit such things. 

What I have seen of analyst's opinions is in agreement that years of low interest rates fueled a "looting" mentality in the investment banking sector. People figured out that they could get rich taking outrageous risks with borrowing and know that the gummint would in some form or fashion bail them out so they got to keep the money - so there was no downside to irresponsible lending.

As I suspected, it smells just like the AIG mortgage lending collapse - the SEC did absolutely NOTHING to protect investors EXCEPT at the highest levels. 

Stupid me, I didn't know we were not a free representative Constitutional republic, but a plutocratic oligarchy bent toward Marxists. 

REUAGE!!! 








Modified by LateForLunch at Tue, Mar 14, 2023, 14:38:44


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