You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #8: privatization has one side effect... [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
oecher3 Donating Member (127 posts) Send PM | Profile | Ignore Tue Jan-11-05 09:46 AM
Response to Original message
8. privatization has one side effect...
if SSec is really privatized then stockbrokers get an even bigger chance to create another stockmarket bubble, which in turn will lead for a few people skimming off and getting rich while when it bursts most people get chipped. Income redistribution the reversed way.
After all, it was the average Joe Dough, who was lured into the market by the promise that one could invest in any stock and would become the next tech stock millionaire. Which, ehm, reminds me, has one of the scammers of Enro, World Com, and Co. been punished for their fraud?

Thanks, another roll of shock to the economy, just what we need.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC