The Financial Collapse of 2001 and Beyond Message Board

To: Snowshoe who wrote (90073)	5/11/2012 3:39:47 PM
From: carranza2	11 Recommendations Read Replies (2) of 100672

It's too late. Derivatives were supposed to have central clearing in an effort to get a tad of transparency into that market. The dopes in DC and Wall St. are still working on it. Can you imagine, it's been four years and the moronissimos are not done yet. It's got to be done slowly, God forbid transparency ruin the fun 'n profits. Oh, well, what can you say? The idiots name a bill after Barney Frank and Chris Dodd? Say what? Like naming the Blood Bank Regulatory Act after Dracula. Don't sell your gold or your oil, if you have any of those two. Gold's getting hammered now but that is not unusual under the circumstances. And did you find it coincidental that it appears that the money the former gov and Senator from New Jersey and ex-ceo of Goldman stole from supposedly segregated customer accounts at MF Global ( was that ever an aptly named place) seems to have gone into JPM's coffers? And that the former Dem gov and Senator from NJ and ex-honcho of Goldman is still not indicted? Am I being cynical in thinking that the luminary, who was one of O!'s biggest bundlers, is bullet-proof? Nah, perish the thought. We are entangled in a web of greed and corruption like I have never experienced before. Saw it first hand when I lived in Mexico, but they were pikers down there.