ST Alpha - "I can see the idea behind it, so much of the foundation of the financial industry is based on financial sleight-of-hand in the first place." (Reading a Post)

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In response to "The solution to the lack or oversight and control to prevent irresponsible actions is LESS oversight?" by The Calico Cat Coaliton

I can see the idea behind it, so much of the foundation of the financial industry is based on financial sleight-of-hand in the first place.

Posted by znufrii Mar 13 '09, 06:39

but yeah, it strains credulity that this would actually help anything in the long run. If anything it would only create a financial system far too similar to the one that just failed.

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That and this: "I call it �Alice in Wonderland� accounting, after Humpty Dumpty�s claim in that book " - The Calico Cat Coaliton Mar 13, 06:43

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I can see the idea behind it, so much of the foundation of the financial industry is based on financial sleight-of-hand in the first place.

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