Saturday, September 17, 2011

The Big Casino ...

You know, back when I was young, growing up in a blue collar world in the 1960s, not many people were "invested" in the stock market. When someone "owned stock" (usually connected with the old American Telephone and Telegraph), you knew they were pretty well off, probably not punching a time clock.

Now, I don't think I know anyone who doesn't have some sort of an investment, a 401(k) or 529 at minimum. You know the banksters want it that way. McKenna:

Confirmation that a “rogue” trader somehow lost $2 billion making “unauthorized” trades at UBS “will test the faith of investors, clients and regulators,” says Wall Street Journal. It should also test the credulity of anyone who would still argue that investment bankers are fundamentally different from degenerate blackjack players with a lot of money to lose.


You know, if that guy cheated somebody out of a couple bil to the banks favor, he woulda got a promotion instead of a pair of silver bracelets.

1 comment:

Gordon said...

Unless he cheated the bank out of it. Then he goes to prison.