There was an awesome interview on Lateline last night. http://www.abc.net.au/lateline/content/2008/s2368504.htm
I might be stupid, but this guy seemed to be saying that what we really need is a market where losses can be removed and given to someone else while leaving the profits in the market.
I think that would be a really good solution. I think we also need a casino where you can get your money back when you lose, but you get to keep the money that you win. That would be really good. Please can we have that too?
The sense of entitlement that these guys have is awe inspiring. He then seemed to go on to say that central banks from the G20 should bail out our broken markets. I presume that is so they can get the first idea up and running sooner.
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Date: 2008-09-19 02:46 am (UTC)I might be stupid, but this guy seemed to be saying that what we really need is a market where losses can be removed and given to someone else while leaving the profits in the market.
I think that would be a really good solution. I think we also need a casino where you can get your money back when you lose, but you get to keep the money that you win. That would be really good. Please can we have that too?
The sense of entitlement that these guys have is awe inspiring. He then seemed to go on to say that central banks from the G20 should bail out our broken markets. I presume that is so they can get the first idea up and running sooner.