Bystanders to this financial crime were many

FT ^ | 12/07/08 | Nassim Nicholas Taleb and Pablo Triana

[Hardastarboard]

I have always felt that the failure of the Senate to convict William Jefferson Blythe Clinton was both the cause and effect of a moral disintegration in America the consequences of which we will experience for generations.

Amen to that. His unpunished crimes made it easier for executives of major corporations to justify their criminal actions, IMHO. I'm not painting them with the liberal brush of "They're corporate leaders, so they must be guilty". I just seem to remember that there were an inordinate number of corporate scandals during his era.

[Lurker]

I have always felt that the failure of the Senate to convict William Jefferson Blythe Clinton was both the cause and effect of a moral disintegration in America the consequences of which we will experience for generations.

As do I, sir. As do I.

L

[Broker]

The Chaos Theory is at work in our country. There will be no peace without grace. The crutial reason US currency carries the works "In God we trust" is best understood today. Can a Godless society act in good faith and trust?

As for your IRA; if you are retired and invested with the objective of GROWTH you must have had your income met from another source. Generally retirees change their objective to Safety, Income, Liquidity and lastly growth once the paychecks stop. Although values are down, investment cash flows are generally holding up. Selling may make you feel better for now if you can't afford the ride.

[B4Ranch]

The failure of the Senate to convict Clinton was just one of many reasons. Myself, I tend to blame the media mostly for the loosening of the standards of acceptability. Then the lack of self-assurance that if you stood up and complained you wouldn’t have any supporters. Most people only need to be asked to join in. Sometimes a quick reminder that you are doing something for your kids will get them off their butts.

[B4Ranch]

>Although values are down, investment cash flows are generally holding up. Selling may make you feel better for now if you can’t afford the ride.<

If futures looked better I would agree with you but for the next six months I advise everyone to get out of the market because it appears to be on a short rise with a serious fall coming next month.

Broker, I also suspect that you want people to remain active so your income doesn’t collapse further.

[B4Ranch]

I certainly do.

[Broker]

Yeah, I have skin in the game. Timing is a fools game..

[curiosity]

You can get rationality on the downturn only if you maintained rationality during the upturn.

That doesn't follow.

[LomanBill]

>>Don’t murder me please.

 

That would just enable the benefactors of a police state.

 

Better to make salt. ;-)  

 

Most folks want to be perceived as honorable.   Gandhi used that against the British - he forced them to choose between Empire and the British self-perception of being moral and good.  In the end, the British self-perception of being good gave India her freedom.

 

 

Nobody gets out alive, but in this country we still have the freedom to choose which path we take to the sea - Sewer or Salt March.

 

With freedom comes responsibility:

It is for us the living, rather,
to be dedicated here to the unfinished work which they
who fought here have thus far so nobly advanced.

It is rather for us to be here dedicated
to the great task remaining before us

that from these honored dead we take increased devotion
to that cause for which they gave the last full measure of devotion

THAT WE HERE HIGHLY RESOLVE
THAT THESE DEAD SHALL NOT HAVE DIED IN VAIN

that this nation, under God,
shall have a new birth of freedom

and that government of the people, by the people, for the people,
shall not perish from the earth.

---Abraham Lincoln, Gettysberg
---November 19, 1863

 

Are You Earning This?

[2ndClassCitizen]

A policy of suppression of coal, oil drilling, natural gas exploitation and the over regulation of the building of nuclear power plants is also key to destroying the economic power of Americans.