View Single Post
  #28   Report Post  
posted to rec.boats
bpuharic bpuharic is offline
external usenet poster
 
First recorded activity by BoatBanter: Dec 2009
Posts: 4,106
Default ah, yes, the latest on my company 401K

On Mon, 19 Jul 2010 01:18:48 -0400, wrote:

On Sun, 18 Jul 2010 23:03:13 -0400, bpuharic wrote:

uh huh. if that's the case what happened to the 14 trillion wall
street lost in equity over the last 3 years?


A good percentage of it never existed in the first place. It was just
paper that was traded like it had some kind of value (Derivatives and
such).


absolutely agree...courtesy of the right wing groupthink that said
'turn the economy over to the free market and stop giving increases to
the middle class'.