Thread: Ponzi R' Us
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widebody911 widebody911 is offline
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Join Date: Jan 2002
Location: Carmichael, CA
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The other part of the stock market that bugs me is the gambling. I don't see much of a difference between a short sale and truckin' down to the local Indian casino, although I think you'd get a better shake at the casino.

And then you have 'derivatives' you make one or more 'new' securities by re-arranging existing ones. From what I've read, there were derivatives that were leveraged 32:1 That's like using my 911 and M3 as collateral on one loan, my M3 and split bug on another, my split bug and 23-window on another, etc, etc. No sane banker would let me do that, but in the stock market, apparently nobody thought twice about it.
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Old 01-08-2009, 06:31 AM
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