"Robert Cohen" msn.com> wrote in message
news:8b38e9be-51d9-4664-9137-c3cd73d23f03@k30g2000hse.googlegroups.com...
On Sep 17, 9:53 pm, Robert Cohen msn.com> wrote:

This is for Fred, Sean, "Strike" guy, and all

re: How the clashings of rational self-interests can bring down the
Temple on everybody if there is incompetence and/or dishonesty in the
cement mixing

A social contract or constitution attempts to define the social
poltical economic order, the culture

Laws are based upon "good" and "bad" as interpreted by humans,
legislators, judges and executive administrators, whom are afterall
ultimately chosen by "the people"

Various individuals' self-interests are not inherently harmonious

Re: Govt regulation/interference in the marketplace is mixed blessing

When ENRON collapsed & bankrupted, thousands of its employees felt
cheated/bamboozled/victimized

So Congress regulates corporations through more corporate financial
disclosures, and yet the Oxley-Sarbannes Reform has also SUPPOSEDLY
caused the mega-complicated corporation nightmare problems in their
complex more open balance sheeting

Re: Repotedly: How Inconsistency by Private Raters (S&P, Fitch,
Moody's) SUPPOSEDLY Really F'd Up The Banquet

Reportedly S&P, Fitch, and Moody's rated the securitized mortgage
paper etal (CDOs: what in the the h are they? ) as generally high.

Reportedly the rating private agencies didn't realize/calculate/allow
for the inherent dishonesties involved in the (sometimes) phony as a 3
dollar bill mortgage process, and the mortgages were accepted as safe
risk investments

Re: Catch 22 a la Sarbanes-Oxley: Reportedly S&P and Moody's NOW rate
the brokerage houses as shakey-risky situations since they peddled
sometimes now admittedly highly risky paper

Dylan & Maria acutely questiond the head ratings guy about this
contradictory phenomenon today on CNBC financial tv.

The head ratings guy said his raters do their jobs and his company is
not responsible for consequences

My opinion: Thus, lawsuits ad nauseam ad infinitum about the whole
unblessed rigamarole

Did I mention the important g greed word?

Wall Steet brokers do not make money when there is "no sale"

Their reason-to-be or method is to sell, sell, sell

Whether they know the paper is partly soiled or not, they don't make
money if they can't peddle it

The brokerages are paying for their greed today: They're paying out
billions to the customers/clients
who've been cheated/bamboozled

And no wonder the brokerages are being given low ratings/low
confidence

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Sean:

Robert, I'm with you here 100%%, it is an accurate way of putting the core of
the issue.

The Law exist for a reason. Crooked people always try to get around the Law.

What's more important than the Law, is the "spirit of the Law" and that is
contained in the combined good will of the People, for the People , by the
People.

The people have an inherent right to fuck over or jail, or destroy other
people who consciously subvert the Rule of Law for their own self interest,
and the defrauding of others.

The rights of the individual, against all comers be they other individuals,
companies banks, or the bleeding gevernment is what the "decl of Ind and the
Constitutuion" = The Law, is actually all about. It's a balancing of the
powers subsistant in THE People.

When the People speak, the crooks better listen or move overseas. The
repeated chnaging of the Laws "after the event" which repeated Repubs and
Demos have been doing for decades is insuffient.

REAL CHANGE is required. NOW is an opportunity.

Forgive the debts ........... and start again. The real Capital in the USA,
is in fact The People and it's Labour .... not the rich or the criminally
inclined greedy cock suckers who have been revered in Wall Street way too
long.

Greenspan and The Fed Board should be jailed, or at least sent personally
bankrupt, that would send the RIGHT signal.

Thanks for you comments etc in the thread. You're on the "money" imho.