"ON A LONG ENOUGH TIMELINE, THE SURVIVAL RATE FOR EVERYONE DROPS TO ZERO"
It looks like diversification was a foreign concept to most of these people...........I hear walmart is hiring.Up here in Canada, Scotiabank had an ironic slogan - You're richer than you think................
so they are making 15% a year and claim to think there is no risk involved? lol.
Yeah, Walmart needs greeters and these people sure have a gift. Nooooooooooobody cares. We all have or losses in life. Get a job!
Suprising comments.Keep it up.Just remember your words.We'll see how consistent you fuckers are with your social-Darwinism.
-Looks like a bunch of greedy Jews entrusted all of their money with another greedy Jew.Oh the wicked lessons of life....
Wow. What a bunch of really ugly comments.
Truly a tragic situation. On a compassionate personal level, you just can't help but feel sorrow for these people. But as a professional trader, I absolutely cannot believe these people put "everything" in one basket. Appreciation of risk was patently vacant.
If anything, these "victims" owe me money. My taxes are now paying for the legal and administration costs associated with the scandal. Had these individuals exercised fiduciary duty over their own assets (and anyone will tell you that exercising fiduciary duty will involve understanding how returns are generated), I wouldn't be now paying for the burden on the legal system. Cough it up you rich bums.
i have sympathy for all those that have lost - but anyone with any understanding of financial market investing should be aware of the risks. on the other hand, the antagonism of commentary above surprises me - we are all in this together - whether its losses in real estate values, hits to our pension funds, destruction of future economic growth, or plain and simply our tax bills rising due to the mess that selfish behaviour has got us into. this attitude has to change - if we don't all accept to share the losses that society must face today due to the economic disarray imposed by financial market fall-out, then we will be forced to accept an even bigger sociological fall-out, probably to the extent of 'mad max'-style Katrina superdome scenarios. don't underestimate the rich-poor divide and the tensions it can cause - and more importantly don't ignore our collective responsibility to resolve this before our generation is tested with something much more harmful than investment losses
Post a Comment
Subscribe in a reader
Enter your email address:
Delivered by FeedBurner