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I know Investment Bankers who never even heard of the phrase "fractional reserve banking".

Well the concept comes from goldsmiths and warehouse owners. It's ancient. I'm not sure if it was John Law, but I do know there was a court case in the 18th century which essentially legalized fractional reserve banking as a practice. Prior to that, anyone caught playing the fractional...

No, it's too late. There is no turning things around, at best, you level the whole system to the ground and rebuild. Either way, this whole financial system will crash, it's pretty much written in stone. Only chance we had was with Ron Paul or Bob Barr. It was good to see that about 10% of...

LOL you're funny. I think you need to loosen up and relax. Might help you getting that stick out of your rectum. The joke was on his mom, by the way, big whooosh over your head. It's a common insult, live a little. For your information: http://en.wikipedia.org/wiki/Anaconda I think you...

Most of these bulge bracket prop traders, and by most I would say 90%, are just gambling. This blow up is becoming a common story. All they were doing was going long mortgage derivatives.

No his statement is that his supervisor did know of his trading and encouraged it due to the profits. Kilobyte may be trolling, but he is right. You don't just get to make such bets without someone knowing. Maybe once, not for months & years.

He is missing a lot more than that. If only his dad wasn't missing a condom when buying his mom's services.

Dipshit? Nice words coming from a punk bitch. You sound real tough hiding behind internet anominity. I typed fast and made an error, however, the message is obvious. You're just not able to comprehend. Then you wonder why just about everyone think you and your gay lover Patrick Byrne are...

Where do you get this crap from? Because a few bank CEOs & execs said so in some Wall Street media publications, in order to make them seem like angels while they were using TARP funds to line their pockets? What are some of these banks by the way? Last I remember, banks & firms subscribed...

Obama (or to be more exact, his handlers) are on it.

LOL, when he called it a beach house while listing the area, I knew right away he has no idea WTF he is getting into. There is a reason those houses are under 50k. Just like there is a reason you can buy a house in Detroit for $5k. Outside of South Beach, other nice parts of Miami, Ft...

LOL you must be joking. There is no demand for used car salesmen or life insurance salesmen.

I did not realize Scottiabank acquired Mocatta. I know what trades in the marketplace and which bars have highest premiums, because they are easily recognized. Have seen those bars only a few times. Since ScottiaMocata charges such a low premium, why isn't being sold & resold with the...

Working as intended. In other words, it's by design.

LOL, You just don't get it. And I doubt you ever will. Maybe you like the anger & frustration.

Do you understand how any fractional reserve lending multiplies money supply? I'm guessing not.

You mean just like you busted up all the naked short sellers? More like you it legalized for them via exemptions.

No, I heard he was too busy getting a blowjob from you.

It's called skillz and the fact that I got them to build my own hardware. There is gratification from building something tangible, I'm guessing you would never know what it feels like. As for the money I saved, I simply re-routed into gold & silver, it's essentially the only thing I trade...

I don't know if they are as good anymore, but the model I had 3 years ago was a great deal. I was able to tinker with it a lot as well and I like the self recovery that is installed into the harddrive itself. I'm when they were breaking into the market, they built much better computers for...