On Sun, 10 May 2009 20:48:09 -0700, "John R. Carroll"
wrote:
snip
I think we will be crossing that Rubicon presently George.
In fact, the Banksters are trying to get out in front of the charge.
Funniest thing I've seen in a while.

"The backlash against the investment professionals is so sharp that in
recognition of public outrage, the financial planning industry is asking
Congress to create a national organization to regulate its ranks."

http://www.washingtonpost.com/wp-dyn...l?hpid=topnews
============
I don't think they know what backlash is yet.

As the referenced article states:

-----
snip
The numbers illustrate the outrage. New arbitration cases filed
with the Financial Industry Regulatory Authority, a
non-governmental regulator of securities companies, soared 86
percent in the first three months of this year after climbing
nearly 54 percent in 2008. New cases during the period totaled
1,715. Adding in April's figures, FINRA projects that filings are
on track to hit 7,000 this year, up from 4,982 in 2008.
snip
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How many banksters/broksters have been "terminated with extreme
prejudice?" How many brokesters/banksters have been mugged?

7,000 out of who knows how many million is minuscule, and the
most that happens is that some money gets refunded, and at most a
lifetime ban from the security services sector [unless you change
your name -- see recent media articles on this].

FWIW -- it appears that the reason Bernie Maddoff is taking the
rap so silently is that he was "investing" real mobster or drug
cartel money, and they have their own version of a "guaranteed
return on investment."


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).