BoatBanter.com - View Single Post - GOP and wall street fight financial regulations

BAR[_2_]

In article ,
says...

On 4/25/10 8:18 PM, wrote:
On Sun, 25 Apr 2010 14:47:49 -0400,
wrote:

I agree that here is certainly a casino aspect to Wall Street
but if you play the game and lose you can't immediately assume the
game must be crooked. For every loser there is a winner. In this case
it was the people who shorted the housing market. The liberal hero
George Soros made a ****load of money in this crash and took an
inordinate amount of TARP money from his AIG positions.

Your post assumes a modicum of honesty on the part of those who control
Wall Street. Ha! The game is crooked.

It all depends on what you mean by "honest".
If you are saying honest means your books are in order and the
transactions are somewhat transparent then they are mostly honest.
There are plenty of swarmy things going on that are legal and
"honest". That doesn't necessarily mean they are moral or ethical.

I don't trust the books, the outside bookkeepers, the brokerage houses,
or the bankers. In the good old days, you could trust the outside
certified auditors to reasonably and fairly present the books of a large
corporation. These days, there's not much difference between the crooks
who rob you with a six gun and the ones who rob you with a fountain
pen/computer keyboard.

Just like the mob robbing union pension funds.