This is part of the reason we had regulations and laws to govern the financial sector. But Reagan, the Bushes and even Bill Clinton felt that they were unnecessary burdens on honest businessmen who simply wanted to make a profit, and repealed many of them.
The losers deserved to lose
the Wall Street dinosaurs made up of Little people too pension funds and so on who just hired a better money manager
The billionaire hedge fund manger said he was only trying to make a living.
He already has more money than he can spend in a thousand years.
Hard to sympathize with monsters crying foul!
I like the little upside-down car.
I said Reagan would send this country to the dogs and I was right. Regulate any industry where at least 25 percent of the CEOs are sociopathic (which means every industry).
When you don’t learn the lessons from the past , you end up making the same mistakes and paying a similar price. Next time we should learn from history and heed the warnings.
And what, pray tell, would bloody Wall St know about ‘fair’? That festering pack of paper shifters, pretending to the rest of us that the ‘economy’ is based on some sort of ‘real money’, tied to a standard, other than a fiat economy. Charlatans all!
Why am I reminded of the scene in Jurassic Park where the T-Rex clamps down on the Velociraptor and the other Velociraptors attack the T-Rex while the people escape? Which one is Wall Street?
Of possible relevance and/or interest: “The Last Great Corner”
Related visually if not by content, is today’s Little Nemo:
April 12, 2017
May 10, 2018
July 06, 2017
August 01, 2017