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Author Topic: TPTB can change the rules anytime they want  (Read 1206 times)
blogospheroid
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June 26, 2011, 02:10:00 PM
 #1

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.

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hugolp
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June 26, 2011, 02:50:47 PM
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I really dont understand why anyone would trust the present financial system.
YoYa
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June 26, 2011, 03:21:41 PM
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I really dont understand why anyone would trust the present financial system.

Because we are a captive audience.
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June 26, 2011, 03:47:00 PM
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And maybe because we don't have a better alternative?
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June 26, 2011, 09:16:29 PM
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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?

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