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To: sauropod

I have never quite understood why it is that a few rich bankers get to make billions (or trillions) making their deals, while we average taxpayers are forced to bail them out by frantic politicians on the take ostensibly to save the economy.

These decisions always make them rich again and put our USA taxpayers deep into debt and on the hook, all because of their incompetence and greed. I truly hate paying for someone else’s incompetence.

I frankly don’t understand it, and do favor sending them to Gitmo for life as financial terrorists, but will await an explanation from those in the know who understand the ins and outs of Wall St and the worth of these investment bankers to our economy and the rest of society.

If it comes down to creating capital for new business I’m all for it. Instead I see it creating huge profits for financiers.


5 posted on 10/22/2011 5:16:03 PM PDT by apoliticalone (Honest govt. that operates in the interest of US sovereignty and the people, not global $$$)
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To: apoliticalone
BofA is a publicly traded company. These "executives" serve at the pleasure of the board of directory. They have a fiduciary responsibility to the share holders. I plan on buying some stock in BofA and looking in to finding a way to sue the board members. I just hope I don't have to buy too much stock. I won't be able to buy enough to compete with Warren Buffet.

Mark

29 posted on 10/22/2011 7:10:47 PM PDT by MarkL (Do I really look like a guy with a plan?)
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