Quote Originally Posted by Sanlmar View Post
Mark Baum:
We live in an era of fraud in America. Not just in banking, but in government, education, religion, food, even baseball... What bothers me ins't that fraud is not nice. Or that fraud is mean. For fifteen thousand years, fraud and short sighted thinking have never, ever worked. Not once. Eventually you get caught, things go south. When the hell did we forget all that? I thought we were better than this, I really did.

i feel like im growing out of baum's worldview. fraud is a very specific thing and no one went to jail over the GFE. whats more you can point at something and say 'this is a ponzi' and even the people who agree are going to go balls deep into it if they think they are early enough to turn a profit.

the solution is nationalized banks but no ones ready for that convo. yet.

ask again when powell gets replaced with mike the pillow guy and no one can move to take a new job and everyones children has to sleep in the same room.