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Passions in Poetry

How Stupid Can You Be

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Huan Yi
Member Ascendant
since 10-12-2004
Posts 6334
Waukegan


0 posted 12-15-2008 08:49 PM       View Profile for Huan Yi   Email Huan Yi   Edit/Delete Message      Find Poems  View IP for Huan Yi

.


At least about 50 billion dollars apparently . . .

http://www.foxnews.com/story/0,2933,466887,00.html


.
Sunshine
Administrator
Member Caelestus
since 06-25-99
Posts 67715
Listening to every heart


1 posted 12-15-2008 09:56 PM       View Profile for Sunshine   Email Sunshine   Edit/Delete Message      Find Poems   Click to visit Sunshine's Home Page   View IP for Sunshine

When you trust a friend, you must look
ahead and behind, as my MIL said.

I doubt that all of the investors were
"greedy" but maybe thought they were
getting a good deal;
now that it's biting them in the behind,
I truly wonder if they are looking at their
other investments, as well.

I think it might be larger than we could
even imagine.

Juju
Member Elite
since 12-29-2003
Posts 3353
In your dreams


2 posted 12-16-2008 02:29 PM       View Profile for Juju   Email Juju   Edit/Delete Message      Find Poems   Click to visit Juju's Home Page   View IP for Juju

Greed, not stupidity. Unless greed is like love. Maybe. Birds of a feather flock together.

My mom lost 5 grand on a bank that failed.
But then again what is a bank doing investing in sleaze like that, instead of the economy.

-Juju

-"So you found a girl
Who thinks really deep thougts
What's so amazing about really deep thoughts " Silent all these Years, Tori Amos

serenity blaze
Member Empyrean
since 02-02-2000
Posts 28839


3 posted 12-16-2008 04:17 PM       View Profile for serenity blaze   Email serenity blaze   Edit/Delete Message      Find Poems  View IP for serenity blaze

A big "whoa" to Juju.

And yanno? Money is a freakin' headache. So yeah, I understand this, because like any headache, the service and tempation to say "here, handle this" is there.

You've got to really love money to handle it well, I think.

Or have been without it.
Juju
Member Elite
since 12-29-2003
Posts 3353
In your dreams


4 posted 12-16-2008 09:04 PM       View Profile for Juju   Email Juju   Edit/Delete Message      Find Poems   Click to visit Juju's Home Page   View IP for Juju

Now days you can't handle it on your own you need "someone to represent you" cause you know they will do that.  

-Juju

-"So you found a girl
Who thinks really deep thoughts
What's so amazing about really deep thoughts " Silent all these Years, Tori Amos

Mysteria
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Member Laureate
since 03-07-2001
Posts 19652
British Columbia, Canada


5 posted 12-16-2008 09:20 PM       View Profile for Mysteria   Email Mysteria   Edit/Delete Message      Find Poems  View IP for Mysteria

In this economy you can't afford not doing your own research before investing any funds.  If these folks left it to a broker to invest their money in these times, well what can I say except, "they were darn stupid."
Vestibular Bard
Member
since 12-11-2008
Posts 153
New York


6 posted 12-16-2008 09:29 PM       View Profile for Vestibular Bard   Edit/Delete Message      Find Poems  View IP for Vestibular Bard

This stuff won't end till these people who comit these frauds are treated like mass murderers...because that is what this man and his firm has done to countless people who depended on the money, that lots of reputable charities, had invested with him.

Same with the tiny little group inside AIG, 50 people in a tiny CDS investment business, in the largest insurance company in the world, bring down the whole company, where 150,000 people worked, including my brother-in-law..in boring jobs like claims adjusting. The investment these people had in their companny's stock was wiped out overnight by completely foolish risk taking by  a handful of people who paid themselves, and the executives, countless millions and walked out the door.

They need to be fined, and put in jail.
Balladeer
Administrator
Member Empyrean
since 06-05-99
Posts 26302
Ft. Lauderdale, Fl USA


7 posted 12-16-2008 11:28 PM       View Profile for Balladeer   Email Balladeer   Edit/Delete Message      Find Poems   Click to visit Balladeer's Home Page   View IP for Balladeer

Amen,brother....and throw away the key.
 
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