Will Lady Justice Weigh In On The Greatest Heist In History?
Courtesy of Damien Hoffman of Wall St. Cheat Sheet
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Here we are approaching 2010 and we have not yet punished the thieves who caused the Greatest Heist in History. It’s one thing for justice to allude Osama bin Laden as he scurries through miles of mountainous terrain. It’s another when the assholes who screwed us are sitting in luxury high-rises going about their daily business in plain view.
When I was young my great-grandfather told me: “Steal a loaf of bread and you’ll go to jail. Steal millions (now Trillions) on Wall Street and you can make it legal.” So true. While petty criminals are filling our jails, the SEC has their head somewhere dark and moist because they can’t figure out how to categorize crimes which have been redefined by decades of lobbying and attached legislative amendments.
We have been consumed with the current health care legislation. We have sighed as markets have recovered off satanic lows. However, the only way for future generations to loyally invest in markets is to apprehend and punish the terrorists.
If you lost a significant portion of your retirement stash, or maybe even your job, you now have to work that many more hours of your life to make yourself whole for the crimes of megalomaniacs. If that doesn’t motivate you to take 5 short minutes to write your local representative to ask about punishments for the thieves, I don’t know what will.
Until the criminals are brought to justice and sane rules are established on Wall Street, markets will remain nothing more than short term trading pits.
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