Money is power. That's basically a fact in today's world. A wealthy individual can basically do whatever they want, provided they have enough money to buy the influence to do so. Unlimited money might as well mean unlimited power. Why then do we financial institutions to determine their own self-worth in the stock market. It's become quite clear that there is a destructive and incestuous relationship among the entire financial industry, the stock market, and monetary policy-making in the government. We have allowed these players to corner the market on money, basically.

Sure they are competing against one another, but there are numerous high profile individuals who have been executives at the most powerful firms and also held strong positions of power in the government. When they make the rules that allow them to buy and sell stocks in each others companies, should we not expect them to collude and bump up the value of their competitors in return for the same? Why are we basically allowing Wall Street to determine how much they are worth?

12/23/2011 7:29:38 PM

We already knew this dude. What is your point?

12/24/2011 12:42:06 AM

Money is power. DUHThat's basically a fact in today's world. As opposed to the early 20th century, where people decided money was worthless A wealthy individual can basically do whatever they want, provided they have enough money to buy the influence to do so. Like in the Congo, where you can shoot a cow with an RPG Unlimited money might as well mean unlimited power. Except unlimited money can't exist Why then do we financial institutions to determine their own self-worth in the stock market. It's become quite clear that there is a destructive and incestuous relationship among the entire financial industry, the stock market, and monetary policy-making in the government. I don't think a world can exist where if two of those are doing bad, the third is going great, they will always be connected We have allowed these players to corner the market on money, basically.

[Edited on December 24, 2011 at 12:58 AM. Reason : m]

12/24/2011 12:57:31 AM

So why does America let them do it?

12/24/2011 1:33:27 AM