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Fraud is a deliberate misrepresentation, which causes another person to suffer damages. Goldman Sachs deliberately misrepresented the quality of these bonds. It doesn't matter what their prospectus says. If they sold these bonds as being AAA and then shorted them they knowingly misrepresented...

When the Glass-Steagall Act was repealed in 1999 it tore down the Chinese wall so yes, the left hand knew exactly what the right was doing and acted on that information. We can thank Clinton, Greenspan, and Sandy Weill for this.

No numbnuts, this is about GS taking something that is not yet in their possession. Go count how many former GS execs hold government positions. This is one big pony show. If someone goes to jail is sure as shit won't be Blankfein or Paulson. There will be fall guys and yes, GS knew about...

Just relax? Yeah, just imagine your $2,000 trade now worth -$100,000. Yeah, just relax. It's only money.

Since when do the Mods ban people for posting links to news sources? And getting banned from ET ain't exactly the end of the world.

The speed of the recovery is amazing considering the severity of the crisis but you cannot fix a massive debt problem with more debt.

Conspiracy Threads? Go do some fucking research on Monsanto before you come back and here and post uneducated crap. The things that Monsanto is doing is a bigger threat to society that any man living in a cave 1/2 way around the world is. If one of their damn seeds gets blown by the wind...

There's some truth to what you say but where do the financial predatorial practices end?

Yes, to qualified buyers with strong credit scores and an actual down payment. Trying to get a mortgage w/o 20% down, even with PMI insurance, is going to be quite a challenge. Then there's the fact that buyers are low balling every home on the market. You'd be hard pressed to see an offer...

It's definitely both. They do have a superior program but the connections you make along the way have more to do with your success than the additional knowledge you gain.

So how do you differentiate those who inherited a genetic condition such as asthma or MS and those who choose to live poorly and thereby become a drain on the system? Does everyone who gets lung cancer get kicked to the curb when you can get lung cancer even if you have never smoked in your...

Great post. People in the Middle East have been living with 25% unemployment for centuries.

Precisely Cheese. Few people realize that there are many options for wealthy individuals to avoid or minimize taxes legally, provided they hire a savvy International Tax Accountant or Lawyer. An international Tax Attorney/Accountant commands a very high salary and is worth every penny if you...

Maybe you shouldn'ta posted that? Big Brother is <b>always</b> watching :D

Exactly. When I first started trading I was trading a small account and did over 1000% my first year. It was more like gambling than trading. In fact, it was gambling. Now that I trade for a living my goal is to do 20% per year consistently and it's pretty damn hard. There's a big...

+6.4% so far.

This is only partly true. The US has enjoyed many periods of prosperity pre-Fed. The colonies flourished before the Bank of England took away their power to create their own money and force them to go into debt to create money. You also have to realize that the Industrial and Technological...

The SEC, CFTC, NFA, and the Federal Reserve have absolutely, positively no interest in protecting public interest. These "government" agencies were created by the banks to serve the banks and anyone who gets in the way of the banks does so at their own peril. The banks have ruled the world...

Major in Mathematics with an emphasis on statistics or pursue a degree in Computational or Quantitative Finance. Become proficient in C++ along the way. Even with all this education you will probably still fail unless you're lucky enough to get a job with a firm that has access to inside...

The jobless rate in Illinois just hit 11.3%, the highest since 1983.