Has anyone else read the book THE BIG SHORT written by the author of THE BLIND SIDE? For the life of me I cannot understand how these firms are not guilty of Ponzi schemes, fraud, and some other securities infractions. Is it because the firms that perpetuated this whole mess played on the follies of the poor American. I'm a student of economics since '97 and I grasp the concept of capitalism but if Wall St was able to create these disasters and not really get criminally punished for it won't that just create more elaborate schemes to create more collapses?
Just like BP claiming they can't release what's in the dispersants because its propietary these Firms hide behind their transactions and Bullshit creations by saying they are propietary. WTF??? This shit is harmful yet you can't find out how harmful because you didn't create it so its a trade secret.
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