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reprehensor Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-22-11 06:48 AM
Original message
Making Money Out of Market Crash
Run time: 10:59
Posted on YouTube: August 22, 2011
By YouTube Member: TheRealNews
Views on YouTube: 302
Posted on DU: August 22, 2011
By DU Member: reprehensor
Views on DU: 725
The Real News interviews UMKC Associate Prof. Bill Black;
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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-22-11 10:09 AM
Response to Original message
1. One of the interesting comments
Edited on Mon Aug-22-11 10:09 AM by Turbineguy
was how math and science talent is being diverted to destroying the US and world economy in exchange for short term profits.

Also, derivatives, while profitable, divert money from real investments. In the end these profits have to come from somewhere. That somewhere you see holding cardboard "Help me Please" signs at intersections and freeway off ramps. That somewhere lies in workers whose pension funds are looted. And the next Big Somewhere will be our Social Security Trust Fund handed to Wall Street to loot at will. The looting is already institutionalized.

Ayn Rand warned us about the wrong looters.
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