http://www.timesonline.co.uk/tol/news/wo...
Number 85 Broad Street, a dull, rust-coloured office block in lower Manhattan, doesn’t look like a place to stop and stare, and that’s just the way the people who work there like it. The men and women who arrive in the watery dawn sunshine, dressed in Wall Street black, clutching black briefcases and BlackBerrys, are very, very private. They walk quickly from their black Lincoln town cars to the lobby, past, well, nothing, really. There’s no name plate on the building, no sign on the front desk and the armed policeman stationed outside isn’t saying who works there. There’s a good reason for the secrecy. Number 85 Broad Street, New York, NY 10004, is where the money is. All of it.
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Financial innovation is Wall Street's new 'soul sickness'
http://www.marketwatch.com/story/wall-st...
ARROYO GRANDE, Calif. (MarketWatch) -- Could our headline just as easily read: "Financial innovation: Wall Street's biggest con game?" How about: Rip-off? Joke? Oxymoron? Maybe "Wall Street's big lie?" Or something darker: "Financial innovation: Wall Street's deadliest sin, greatest evil, even soul-sickness?"
In fact, they all fit. Each reveals Wall Street's dark side: Why are they at war to keep financial innovation secret, hidden, without public transparency? And why is Wall Street spending millions on lobbyists to kill financial-regulation reforms? Why? Because Wall Street rakes in tens of billions of dollars annually from their financial innovations, gambling in the shadowy $670 trillion global derivatives market.
snip
That means Wall Street's blind "anything goes" obsession with financial innovation is totally consistent with the rules of the new American capitalism. Morals, ethics and the public good are irrelevant in the rules of Wall Street's new mutant American capitalism.
Wall Street's only restriction is to obey the 11th commandment: "Thou shalt not get caught." And when you compare the number of indictments from the 2008 meltdown to earlier ones during the Enron-era scandals and the S&L frauds (plus add in the $23.7 trillion debt those same "too-greedy-to-fail" crooks scammed from American taxpayers), you can easily see why Wall Street is clearly living within the rules they created for the new mutant American capitalism.
Yes. Thank you. I was going to say somewhere along the way the definition of "God's work" got terribly perverse and evil. Weren't money changers casted from the temple.
Praise Jesus and pass the bailout!
http://www.michaelmoore.com/words/latest...
Profit 'Not Satanic,' Barclays Says, After Goldman Invokes Jesus
John Varley, CEO of Britain's Barclays Bank
By Simon Clark and Caroline Binham / Bloomberg
I wonder if he even read the Bible?
Yes they were. The fact you should remember is that they were inside of the temple, not outside, although not in the center of the temple. Seems like in our era, the money changers are in the center of the temple (aka nation).
I don't see the problem with money changers.
We should be grateful to them for front-loading production and consumption. We get to reap the benefits of material comfort sooner.
Those who have to pay the bills later and suffer from depressed prices due to excess capacity are the ones who should complain -- later.
In the end, over the long run, it'll all even out anyway.
Yes they were. The fact you should remember is that they were inside of the temple, not outside, although not in the center of the temple. Seems like in our era, the money changers are in the center of the temple (aka nation).
Yes, high priests of fiat, practicing their voodoo magic ponzi-schemes, reside in the Federal Reserve. The nerve center of the country.
Funny how their job description is to protect from asset bubbles. How did they do?
It will only cost us 25 trillion.
Don't advocate nationalization, for that is the devils work!
"I pledge allegiance to the Stock of Goldman Sachs of Wall Street and to the Gang for which it stands. One Gang indivisible with liberty and profits for them."
Yes they were. The fact you should remember is that they were inside of the temple, not outside, although not in the center of the temple. Seems like in our era, the money changers are in the center of the temple (aka nation).
Yes, high priests of fiat, practicing their voodoo magic ponzi-schemes, reside in the Federal Reserve. The nerve center of the country.
Funny how their job description is to protect from asset bubbles. How did they do?
It will only cost us 25 trillion.
Don't advocate nationalization, for that is the devils work!
Seeing how the Fed is a collection of private banks, wouldn't their job description be "Making as much money as possible?"
Jefferson, whom I believe to be more intelligent and less corrupt than Bush or Obama:
"The [privately-owned] Central Bank is an institution of the most deadly
hostility existing against the principles and form of our Constitution...
if the American people allow private banks to control the issuance of their
currency, first by inflation and then by deflation, the banks and corporations
that will grow up around them will deprive the people of all their property
until their children will wake up homeless on the continent their fathers
conquered."