Bill Shatzer wrote: And all those folks who are working for firms that gambled too heavily. Bill Shatzer wrote: "And over 4,000 Americans have paid with their lives for that little adventure. Plus a half a trillion dollars in national treasure You might compare that with the number of lives lost on 9-11. Or the economic injury incurred from that event. It would have been cheaper in both lives and money to just ...

Don Homuth wrote: On Fri, 19 Sep 2008 22:23:47 -0700, Bill Shatzer <bshatzerNO@comcast.net> wrote: gatt wrote: No. Life is actually pretty good, except for people who gambled too heavily on ridiculous lendors or mutual funds who supported them. Or for folks trapped in mortgages they can't refinance and who are facing foreclosure. My wife was commenting just this ayem, as we were drinking our ...

...> Life is actually pretty good, except for people who gambled too heavily on ridiculous lendors or mutual funds who supported...And all those folks who are working for firms that gambled too heavily. And those folks who worked for the ...supported them. And for those folks who didn't gamble at all but who are now generally caught up ... general financial panic caused by the folks who did gamble. But mostly the crooks are going to walk away ...

No. Life is actually pretty good, except for people who gambled too heavily on ridiculous lendors or mutual funds who supported them. Have a great weekend. -c

...'s precisely why these firms I previously mentioned either went under or are being bought for a fraction of their value - and certainly substantially less than they were valued just a year ago. These are people who’ve gambled, derivative trades, billions of dollars of bets on which way interest rates will go, billions of dollars of bad loans beyond the ability of debtors to pay and the speaker asks why on earth would you want to ...

... MICHAEL HUDSON: ... ....And the question that Wall Street has, if you’re going to take a gamble on bad debts that can’t be paid, how are you going to come out a winner? And there’s ... the country to get rid of this excess of debts that can’t be repaid. These are people who’ve gambled, derivative trades, billions of dollars of bets on which way interest rates will go, billions of dollars of bad loans beyond the ...

...> MICHAEL HUDSON: ... ....And the question that Wall Street has, if you’re going to take a gamble on bad debts that can’t be paid, how are you going to come out a winner? And there’s... impossible for the country to get rid of this excess of debts that can’t be repaid. These are people who’ve gambled, derivative trades, billions of dollars of bets on which way interest rates will go, billions of dollars of bad loans beyond the ...

...wrote: http://www.democracynow.org/2008/9/17/us_seizes_control_of_aig_withhttp://www.democracynow.org/2008/9/17http://en.wikipedia.org/wiki/Glass-Steagall_Act MICHAEL HUDSON: ... ....And the question that Wall Street has, if you’re going to take a gamble on bad debts that can’t be paid, how are you going to come out a winner? And there’s only one way of coming out a winner, and that’s to make the government bail you out. Umm...

...wrote: http://www.democracynow.org/2008/9/17/us_seizes_control_of_aig_withhttp://www.democracynow.org/2008/9/17http://en.wikipedia.org/wiki/Glass-Steagall_Act MICHAEL HUDSON: ... ....And the question that Wall Street has, if you’re going to take a gamble on bad debts that can’t be paid, how are you going to come out a winner? And there’s only one way of coming out a winner, and that’s to make the government bail you out. Umm...

..., and the very personable Charlie Ponzi's terrific plan ( all in public library books that I read some months ago) In 2000 I read THE MADNESS OF CROWDS: avoid the sleeper-classic at your peril which (I think) is about supposedly true stories of 17th and 18th century French & British investing/speculating/gambling on the treasure ships from "The New World" & inevitably ending in collapse & folly More drek to come when I feel like it