theobannion

Private Equity, Business Flipping and Asymmetrical Outcomes

"They know they are the victims of massive thievery and fraud. They are simply powerless to stop it."

Yes, they are powerless to stop it, because this is not a democracy & the people do NOT have the power, which is what defines a democracy, not the vote. But, no, they do NOT know what's going on. Add all the readers of web sites like Seeking Alpha together, then divide by the number of people who get almost all of their news from the boob tube - the greatest instrument for propagandizing vast numbers of people ever devised - and you get a pitifully small number.

It sucks, but I believe that to be the case.

Best,
SOB.


On Oct 07 10:16 AM optionsgirl wrote:

> You have written a tremendously accurate and astute op ed, TraderMark.
> I do have a couple of bones to pick, though.
> 1. I dispute you calling the actions of these carnivores "American
> free market capitalism". It is a corrupted, perverted system, but
> it barely resembles a capitalist system.
> 2. I would also like to dispute your labeling of the "unwashed masses".
> You think the workers of these companies don't know what is going
> on? Or that the general population doesn't, either? They know they
> are the victims of massive thievery and fraud. They are simply powerless
> to stop it.
>
> With so many "safeguards" put into place, you'd think it wouldn't
> be necessary to give the SEC (and Fed) more powers, which they clamor
> for a crave. They seek more power for its own sake. The SEC already
> has the power to stop the looting, and state attorneys general already
> have the power to prosecute fraud.
> I believe those bond holders and stock holders have been criminally
> defrauded, and so has the public at large.
> We must remember that the purpose of all carnivores is to feast off
> the carcasses of the weaker. They are shooting fish in a barrel.
>
> Again, kudos for a well-crafted cogent article.