German seniors kidnap, torture financial advisor

I remember the '87 meltdown. A guy that was already in WITSEC went into his Broker's office and blew the guy out of the saddle with a pistol!
 
Quote from Eight:

I remember the '87 meltdown. A guy that was already in WITSEC went into his Broker's office and blew the guy out of the saddle with a pistol!
More...

can't wait until Rennick shows up and tells us his story about how that day he traded next to that guy and managed to parachute to safety from 11th floor.
 
Quote from shortie:

can't wait until Rennick shows up and tells us his story about how that day he traded next to that guy and managed to parachute to safety from 11th floor.
More...

Yeah but what Rennick won't tell you is that he's in WITSEC too... he posts on ET hoping that when his case officer finds out he can get a relocate to a tax haven...
 
It would be nice if financial advisors were held accountable for their actions...most of them are mini madoffs under the cover of law anyway...why should they be allowed to get a check after losing peoples money is mind boggling...
 
Quote from peilthetraveler:

I dont know that they lost their life savings. Says the article they lost 2 million and they they were all wealthy. But basically what you are saying is that if you ever do a business with someone and you dont make money, you have the right to torture that person?

Lets apply that logic to housing. Lets say you bought a house in 2006 and the home went down in value from say 350k to 200k. Now lets say you are a decent guy and not a deadbeat in this scenario and you decide to keep paying on the mortgage. Should the bank have the right to kidnap and torture you because now the loan that they gave you is more than the house is worth? Because now the bank cant sell your loan to anyone for anywhere near what the face value is. Isnt it YOUR fault for buying that house at the peak. So shouldnt the bank get to torture you even though YOU did nothing wrong and it was purely the economic conditions that caused the house to go down in value?
More...

...........worst example I have ever seen on ET....a house depreciating is a lot different than a broker advising his clients to buy 10,000 shares of AIG because James Cramer said to.

An advisors key role is to protect the assets of his elderly clients.
 
Quote from spinn:

If you do not think someone who lost the life savings of one who is no longer capable of earning an income deserves to be tortured, you are part of the problem.
More...

So you think people who unintentionally give bad investment advice should be tortured?
 
You must log in or register to reply here.
Back
Top