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1 posted on 09/18/2013 4:29:58 PM PDT by matthewrobertolson
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To: matthewrobertolson
The stock market titans on high, comfortable in their intimidating skyscrapers and their mega mansions, have largely only achieved their success on the backs of others

This is what they said about John D. Rockefeller, Andrew Carnegie, Henry Ford and all the other industrialists who created thousands of jobs for Americans and without whom America would be much poorer country.

Success by the successful isn't always "on the backs of others". Many, many times it's "for the benefit of others".

2 posted on 09/18/2013 4:50:41 PM PDT by what's up
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To: matthewrobertolson

i think there is a broad brush problem in this article that demonizes the entire financial industry.

at the same time there is a serious problem with the too big to fail banks gaming the regulatory and reporting system to write the same kind of derivatives that got AIG in trouble in 2008.

here is an example

http://www.zerohedge.com/news/2013-03-12/kyle-bass-warns-aig-world-back

the issue is the TBTF banks, not guys like Kyle Bass, who do not get a bailout if they lose money.


6 posted on 09/18/2013 5:37:33 PM PDT by Reverend Wright (1990 Budget Agreement: learn from other's mistakes)
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