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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Dog That Isn't Barking
What's truly strange is the fact that whatever happened at MF Global hasn't caused a giant shitstorm. Somebody stole customer money and handed it off to someone else.
This, apparently, can happen anywhere. It's a total mystery why anyone might be a little hesitant to hand their money off to the gamblers.
http://www.eschatonblog.com/2012/05/dog-that-isnt-barking.html
This, apparently, can happen anywhere. It's a total mystery why anyone might be a little hesitant to hand their money off to the gamblers.
http://www.eschatonblog.com/2012/05/dog-that-isnt-barking.html
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The Dog That Isn't Barking (Original Post)
phantom power
May 2012
OP
Actually, according to the Constitution, Article I, section 8, Congress decides
JDPriestly
May 2012
#7
Thanks for that point. Now, how to appropriately correct errors in perceptions of ownership ...?
patrice
May 2012
#8
There's gambling, but then there's "we'll straight-up steal your money with impunity"
phantom power
May 2012
#5
patrice
(47,992 posts)1. Money: a completely fungible PRIVATE commodity. nt
JDPriestly
(57,936 posts)7. Actually, according to the Constitution, Article I, section 8, Congress decides
how much money should be placed in circulation. So the money is not private at all, no matter who thinks he or she "owns" it.
patrice
(47,992 posts)8. Thanks for that point. Now, how to appropriately correct errors in perceptions of ownership ...?
Yavin4
(35,438 posts)2. Millions of Americans Hand Their Money To Gamblers Every Day
They're called 401Ks.
tk2kewl
(18,133 posts)4. i stopped contributing
fuck them. i am just paying down my debt instead
phantom power
(25,966 posts)5. There's gambling, but then there's "we'll straight-up steal your money with impunity"
A new rubicon has been crossed, there. I'm also sort of fascinated that the reaction to this hasn't been more pronounced. I guess it's just pissing in a hurricane these days.
ieoeja
(9,748 posts)6. When GW got elected I moved all my 401(k) into our "Short Term Government Guaranteed" fund.
It never earned more than 2%. But it never lost either.
Then later that year it lost 50%.
Fumesucker
(45,851 posts)3. From the comments..
Because they gave it a nice doggie treat.