Comments on: Expect Only a Dead-Cat Bounce From Financials http://www.contrarianprofits.com/articles/expect-only-a-dead-cat-bounce-from-financials/4123 Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Tue, 18 May 2010 05:09:46 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: u4yeah4 http://www.contrarianprofits.com/articles/expect-only-a-dead-cat-bounce-from-financials/4123/comment-page-1#comment-2573 u4yeah4 Thu, 31 Jul 2008 16:11:30 +0000 http://www.contrarianprofits.com/articles/expect-only-a-dead-cat-bounce-from-financials/4123#comment-2573 Wall street has a huge misappropriation problem, and it has to stop. In what other industry is any employee entitled to siphon off a resource (money) just because they touch it? Do ConEd employees get free power? Do water utility employees get free water? Do Lockheed Martin employees get free missles? No, no, and no! Yet in finance, just because someone is touching your retirement fund, they can justify $300,000 year plus, for starters. It's called institutionalized misappropriation, and - call it what is - it is the wholesale shaving of the savings of the majority of American citizens. This practice is "exceptional" in any other industry. When it is stopped, so will the majority of Wall Street's other shenanigans... because there will be little incentive for it. Wall street has a huge misappropriation problem, and it has to stop. In what other industry is any employee entitled to siphon off a resource (money) just because they touch it? Do ConEd employees get free power? Do water utility employees get free water? Do Lockheed Martin employees get free missles? No, no, and no! Yet in finance, just because someone is touching your retirement fund, they can justify $300,000 year plus, for starters. It’s called institutionalized misappropriation, and – call it what is – it is the wholesale shaving of the savings of the majority of American citizens. This practice is “exceptional” in any other industry. When it is stopped, so will the majority of Wall Street’s other shenanigans… because there will be little incentive for it.

]]> By: M http://www.contrarianprofits.com/articles/expect-only-a-dead-cat-bounce-from-financials/4123/comment-page-1#comment-2534 M Wed, 30 Jul 2008 04:43:04 +0000 http://www.contrarianprofits.com/articles/expect-only-a-dead-cat-bounce-from-financials/4123#comment-2534 "Of course, this is just the genius of modern Anglo-Saxon capitalism - the most capitalist institutions pay out their capital in bonuses. Then, when they get in a jam, they turn to the taxpayer for relief." I'm having a hard time seeing how one can legitimately call a business funded by the taxpayer capitalist. “Of course, this is just the genius of modern Anglo-Saxon capitalism – the most capitalist institutions pay out their capital in bonuses. Then, when they get in a jam, they turn to the taxpayer for relief.”

I’m having a hard time seeing how one can legitimately call a business funded by the taxpayer capitalist.

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