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   alt.paranoia      Stop smoking pot, problem solved?      196 messages   

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   Message 117 of 196   
   Jeff▲Relf to All   
   Banksters called this “ Capitalism ”   
   22 Mar 09 17:50:44   
   
   XPost: alt.usenet.news-server-comparison, alt.free.newsservers,    
   lt.usenet.kooks   
   XPost: alt.a.spank.to.remember   
   From: Jeff_Relf@Seattle.inValid   
      
   Retail banks took the FDIC insured money in my checking account,   
   backed by the full faith and credit of the U.S. governement,   
   and the near endless supply of cheap inter-bank money   
   and leveraged it 50-to-1 mid quarter, 35-to-1 at the end of the quarter.   
      
   They believed in the Black & Scholes model like it was gospel,   
   creating trillions of dollars of debt that no one owns nor understands;   
   e.g. Mortage-Backed securities.   
      
   Now the government owns AIG, banks and such;   
   even bond holders got burned.   
   They called this “ Capitalism ”, and it failed.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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