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View Diary: Tough Choice: If DOJ Prosecutes Wall Street, Banks Could Collapse (196 comments)

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  •  The people who matter the most to me don't (0+ / 0-)

    have shit in stocks or bonds or 401(k)s.

    I know that your worries about the top 10% find a lot of sympathetic ears here - most of the user base is in that bracket.

    But there is no guaranteed right to profit from the abuses of Corporate America.

    People learned that lesson in the 1930's.  It lasted about 50 years before they forgot.

    Fools who gambled in a rigged casino are going to lose money, and nearly all of them can afford to lose it.

    "I have often seen people uncivil by too much civility, and tiresome in their courtesy." Michel de Montaigne

    by JesseCW on Thu Feb 07, 2013 at 06:26:21 AM PST

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    •  There is a right to not be defrauded (0+ / 0-)

      Lots of criminal code, enforced or not, regarding that. And some of the people who matter most to me, like my mom, have their very modest investments in these securities. The majority of investors in them might be rich, but the majority of people who still have money to invest, are invested in them too, and most of them are nowhere near rich and already suffering from decreased home prices and unemployment and underemployment.

      I do not support a throw the baby out with the bathwater approach. I.e. the Andrew Mellon approach. I.e. the tea party approach.

      "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

      by kovie on Thu Feb 07, 2013 at 07:34:09 AM PST

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