[lbo-talk] choices schmoices

[Robert Wrubel]

The question, Carl, is does anyone have "insider
knowledge"?  The ones who created the sub-prime
mortgage packages that were resold to unwitting banks
and investors had knowledge that they were peddling
crap, but I dont how much they profited from it.  The
banks who bought the packages had the knowledge that
matters, that the state would bail them out in a
pinch.

BobW
--- Carl Remick <carlremick at gmail.com> wrote:


> On 9/17/07, andie nachgeborenen
> <andie_nachgeborenen at yahoo.com> wrote:
> >
> > It's a total joke to tell people who have no
> knowledge
> > of markets, no information about companies, no way
> to
> > evaluate whether to invest in funds or individual
> or
> > securities or determine the worth of either, that
> they
> > have "choices." And by people thus ignorant, I
> mean
> > people like you with postgraduate educations and
> > professional, even technical, jobs.
> 
> Hmm, I believe the technical term for this condition
> is called
> "capitalism," wherein the only people who have
> worthwhile knowledge
> are called "inside traders."  If you seek a superior
> alternative
> (absent socialism of course), I would suggest a trip
> to Las Vegas --
> at least there you can get free drinks while you
> lose your money
> gambling.
> 
> Carl
> ___________________________________
>
http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>