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View Diary: Internal Wall Street pitchbook shows that you, the clients, are suckers (107 comments)

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  •  I don't think it is fair to refer to "marks" (17+ / 0-)

    as suckers. The market exists to fleece the "marks." The targets are innocents and evil convinces itself that innocents "deserve" to be taken advantage of.  It's a variant of "blame the victim."  
    On the other hand, not only is money worthless unless it is spent, but this whole interaction is vicarious. And, like the sheep's fleece, the money is likely to come back.
    The only reason money is in short supply is because the people charged with managing it keep pretending the stuff is scarce.
    Just think, the people of the U.S.of A. are reported to have "lost" anywhere between twenty-one and forty TRILLION dollars in the crash of 2008. How is that possible when almost all of the real assets are still in place? How come nobody calculated how much was lost when the rust belt was abandoned by the industrial and commercial class? Because, in the latter case, the owners took the money with them and left the carcasses to be dealt with by someone else. In the crash of 2008, the financial class was touched. So, they whined and Washngton rushed to provide succor. If there are suckers, it's the sucklings on Wall Street.

    We organize governments to deliver services and prevent abuse.

    by hannah on Wed May 22, 2013 at 03:44:31 PM PDT

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