MrRodgers
Posts: 10542
Joined: 7/30/2005
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Could you too be missing out ?
In the never-ending and unaccountably difficult matter of revealing how immoral, ruthless and greedy the capitalist scum working in the wholly unnecessary culture of wall street, we really needn't look too far. I mean just how is it that wall street tries its best (and generally succeeds) in skimming an estimated $60 million a day from society's trusts, savings, 401K's, Roth's and Keogh's etc. ? Now I know that some people are just OK with this, clerks and staff but they are still contributors to the culture.
But we do need to look even closer to discover why you save and invest as much as you do, only to...make 'them' richer. This, even though many of us feel it is way too late to save America from its slow burn into the profiteering , fascism of the capitalist and who knows or maybe even cares about where we go from there. Say, Marshall law and 50 million more dissidents (traitors) in jail. You've read it so are we on our way now ?
Over the course of time, wall street with those labor-leaching, paper-trading speculators and all around financial cannibals...will bleed this country to financial death at least as we know it from the inside. By that I mean and you may have already noticed, the military (hardware) is never starved and will be our continuing future face to the world if it isn't already.
So in my constant need for money, profits...riches, I need to come up with something yet I do not provide a traditional service. I provide financial services and happen to manage your trust, a trust that consists of say, some $10's of millions. That means I have what is described as a fiduciary responsibility to correctly, safely and properly...manage your trust. I must be a man of integrity. Good luck with that, I am a capitalist and worse...a very clever...er, innovative one.
So as your trust manager and an outlandish carpetbagger, I sold your trust some of our innovative, new paper called 'Variable Prepaid Forwards.' Yes, we are very 'innovative' at Bank One. I'd like to tell you just what these new securities...er, Variable Prepaid Forwards do to make money but that question is for referral to our technical office.
You know, that dept. that relies upon a distinct lack of regulations so the bank can shall we say...innovate. No credit or investment grades are yet available on these securities ma'am (paper with our new picture on it) but I am very confident that these will make your trust some good profit.
You see at our bank, we've left the mundane world of credit default 'swaps' and we know those mortgage-backed 'securities' are just...so yesterday. Thus, in our never-ending pursuit to better serve our best customers, we have created (printed up) oh, I am sorry...'innovated' a new security called Variable Prepaid Forwards. Yes, we're that good.
I take my six-figure commission thank you very much. But oh well...gee, Ms. trust-holder, turns out we (well really, just you) took a hit on those securities. Now you know that to go for the gusto, these risks are out there. You win some, you lose some. So, sorry about that $18 mill. I will be in touch on our next move though. Have a nice day.
Oklahoma state court orders our swashbuckling, risk-taking [sic] innovative, truly known as greedy, capitalist scum, otherwise known from the inside and seen for what they truly are...an animal showing traits similar to that of a snake, to pay back the $18 mill but also add in a few $mill in punitive damages. 'No problem judge.'
Bad boy, JP Morgan (acquired Bank One 2005) ponies up, writes it all off and told...not to do it again but will...again and again and again.
Capitalism is so much fun, isn't it ? Do you have your rightful share of...Variable Prepaid Forwards ?
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Capital...ism...what's in your portfolio ? - 
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