Corporate greed and class warfare

Washington Times ^ | Friday, May 9, 2003 | Arnaud de Borchgrave

[JohnHuang2]

Hardly a day goes by without front page stories about executive hoggishness

[JohnHuang2]

Friday, May 9, 2003

Quote of the Day by goldstategop

[George Frm Br00klyn Park]

"      With 20/20 hindsight, we now know it was corruption that fueled the stock market's giddy climb in the late 1990s and that transferred the combined wealth of small investors at the bottom of the food chain to Wall Street bankers — and their CEO weekend friends."
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Guys, A good bottom line. "Playing the Market", is gambling in a "fixed game". Yet, there are those who will tell us to "trust the markets to run everything". WHO started this "class warfare" stuff?????

John, Thanks for the post.Peace and love, George.

[q_an_a]

In the seventies and eighties, banks and wall street just gave their excess money to Latin America thinking they would change and that the investor would get rich off the loans. No S. American government paid any of those loans.

What they banks and wall street people did was decide that if they could not do the loan with S. America they would try American industries like Telecom. So they made the same types of deals and the little guy took the hit while the banks and wall street shook their head and found a way to pay off the congress and the regulators.

The recent 1.4 billion dollar deal is just like the tabacco deal, anyone could have gotten that money, but it is going to lawyers and the government not to investors. Time for little guys to wise up, use the tabacco deal to find a road map and get the money back.