âMore and more leverage in the system, The whole building is about to collapse anytime nowâ¦Only potential survivor, the fabulous Fab[rice Tourre]â¦standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications of those monstruosities!!!â
I agree. Today is one more piece in a long string of similar news going back many years. I wonder why there are no poll choices to say one trusts Wall Street more... I voted "no difference".
What has been will be again, what has been done will be done again; there is nothing new under the sun. -- Ecclesiastes
I agree with that as apparently most other do as well. Besides, this whole thing is politically motivated in the first place. This "charge" by the SEC is a tool to move financial regulation forward.
I never trusted them to begin with either, in fact never fucking trust the system in the first place.