Brahm

Unintended Consequences of Four Government Policies

In lieu of "mark to market" what should we have so that shareholders and investors are not deceived out of their money, wealth, savings and pensions? Don't tell me to trust the market place which nowadays mean mostly and predominantly scumbugs (or in genteel language the boys on Wall Street and a few others, including the hypers and entitled insiders who gave us the bubbles in '98 and the recent one. The smart money as they call it nowadays are few in numbers and mostly consist of species like these, while the poor investors who usually take the lumps are the majority. But the investor are also part timers or indirect stakeholders because they are too busy earning a living elsewhere. As a result they are easy victims whose pensions and savings plans have gone to the dogs. With the two bubbles in the last ten years, there has been a massive transfer of wealth in this nation from them to the very few. It is as though investing has become a zero sum game, especially with the Government and SEC unwittingly asleep in their jobs!