Quote:
Originally Posted by Jesus H Christ
Of course they're not. This is normal business, especially for a WS trader. </insert frog and scorpion joke>
Look, what you should be truly angry about is not them, but the Federal Reserve enabling them for political gains. These same traders bitch there's too much Government restrictions, at the same time preaching they need more quantitative easing. In short, how can it be a true capitalistic market when others are getting entitlements or subsidies?
Secondly, I think you missed his point and so did the interviewer. He basically said, the market is so corrupt, he wants it to crash because this will actually provide an opportunity for others to make money as the corruption implodes in itself.
He's actually correct.
|
If you "enable" a serial killer to murder people, who is at fault?
Answer: you and the serial killer.
The fact that the fed enables these cretins to do what they do doesn't make the cretins less culpable. They are adults capable of making ethical business decisions.
And lastly if you think that guy isn't just another slick manipulator, think again.
Great trick- Offer some shocking "admissions" and a prediction for the future with a healthy dose of suggestions on how to "get ahead."
If the markets do crash like 1929, chances are they will simply start over with business as usual.