Quote:
Originally Posted by BeyGon
My wife and I liked it. I still don't know where all my money went.
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Maybe someone can help me with this idea. I am not sure that it is money that went anywhere, it was market value. Clearly money helped define value, but at some point the future that Greenspan said could not happen since everyone on Wall St is ethical, happened. The value of your house, portfolio and other related items were devalued due, in my view, to the greed of the few. By the way, these are the same people contributing heavily to Super PAC's now trying to weaken what little control on the market there is.
This seems obvious evidence for the need for oversight in markets that are less than transparent. In my view, the crisis just redistributed money/value from regular folks in the decline in house values, to those that got bailed out. Seems the hedge funds made out well. as did most of the Wall Streeters.