TPTB can change the rules anytime they want

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Topic: TPTB can change the rules anytime they want (Read 1355 times)

blogospheroid (OP)

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TPTB can change the rules anytime they want

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.

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hugolp

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Re: TPTB can change the rules anytime they want

June 26, 2011, 02:50:47 PM

I really dont understand why anyone would trust the present financial system.

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YoYa

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Re: TPTB can change the rules anytime they want

June 26, 2011, 03:21:41 PM

Quote from: hugolp on June 26, 2011, 02:50:47 PM

I really dont understand why anyone would trust the present financial system.

Because we are a captive audience.

frutza

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Re: TPTB can change the rules anytime they want

June 26, 2011, 03:47:00 PM

And maybe because we don't have a better alternative?

shady financier

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etcetera

Re: TPTB can change the rules anytime they want

June 26, 2011, 09:16:29 PM

Quote from: blogospheroid on June 26, 2011, 02:10:00 PM

Yes, that's why they're called The Powers That Be. What's your point?

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