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Title: TPTB can change the rules anytime they want Post by: blogospheroid on June 26, 2011, 02:10:00 PM A good article on how the powers can change the rules anytime they want.
http://www.ft.com/intl/cms/s/0/0589a94e-9d9f-11e0-9a70-00144feabdc0.html#axzz1PkR7ySJH So, the state of the CDS, a product created to specifically pay out when someone defaults, is in danger. When that someone is really too big to fail, they make sure that they change the rules. What a skewed system. Compare this to the OPEN SOURCE of bitcoin. Anyone can read it. Title: Re: TPTB can change the rules anytime they want Post by: hugolp on June 26, 2011, 02:50:47 PM I really dont understand why anyone would trust the present financial system.
Title: Re: TPTB can change the rules anytime they want Post by: YoYa on June 26, 2011, 03:21:41 PM I really dont understand why anyone would trust the present financial system. Because we are a captive audience. Title: Re: TPTB can change the rules anytime they want Post by: frutza on June 26, 2011, 03:47:00 PM And maybe because we don't have a better alternative?
Title: Re: TPTB can change the rules anytime they want Post by: shady financier on June 26, 2011, 09:16:29 PM A good article on how the powers can change the rules anytime they want. http://www.ft.com/intl/cms/s/0/0589a94e-9d9f-11e0-9a70-00144feabdc0.html#axzz1PkR7ySJH So, the state of the CDS, a product created to specifically pay out when someone defaults, is in danger. When that someone is really too big to fail, they make sure that they change the rules. What a skewed system. Compare this to the OPEN SOURCE of bitcoin. Anyone can read it. Yes, that's why they're called The Powers That Be. What's your point? |