[Mgs] Unrelated subject - but wow! [OT]

[Max Heim]

On the contrary, the problem is that they frequently are written by the
people that they are supposed to regulate -- the fox patrolling the
henhouse. They aren't ignorant of the consequences --they are getting
exactly what they want (or at least what they think they want -- it doesn't
seem to occur to these "smart guys" that if you open up the markets to
manipulation, the real crooks will have an advantage over the merely
greedy).

The Treasury Dept. essentially functions as a branch of Goldman Sachs
(hence, "inside job").

No surprise that when everything goes blooey, they are the ones that get
bailed out, and the average joe is left holding the bag.


--

Max Heim
'66 MGB GHN3L76149
If you're near Mountain View, CA,
it's the primer red one with chrome wires




on 5/15/11 1:05 PM, David Breneman at david_breneman at yahoo.com wrote:

> --- On Sun, 5/15/11, Barrie Robinson <barrie at look.ca> wrote:
> 
>> This may be common knowledge to US
>> residents but it came as a shock to us financially
>> regulated, thank heavens, people up here
> 
> Oh, we have plenty of financial regulations in the US.
> It's just that most of them are written by people who
> don't know a damned thing about economics.
> 
> Those who can, do.
> Those who can't, teach.
> Those who can neither do nor teach regulate the others.
> _______________________________________________