On Sat, 06 Dec 2008 12:47:07 -0500, Joseph Gwinn
wrote:

http://www.portfolio.com/news-market...l-Streets-Boom
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Thanks for the link. Very insightful article.

At what point does stupid and arrogant become criminal? Is there
such a thing as financial malpractice?

These people represented themselves as having unique information,
skills, knowledge and insight and received considerable
compensation on this basis which establishes professional
liability.

At the very least it appears to be fraud, possibly under the
various anti "fortune telling" statues. If they could stick it
to Miss Cleo and force some restitution, why not Goldman-Sachs,
et al?
http://en.wikipedia.org/wiki/Miss_Cleo
http://finance.google.com/finance?client=ob&q=NYSE:GS


Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).