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blogospheroid (OP)
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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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June 26, 2011, 02:50:47 PM
 #2
I really dont understand why anyone would trust the present financial system.

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June 26, 2011, 03:21:41 PM
 #3
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.
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June 26, 2011, 03:47:00 PM
 #4
And maybe because we don't have a better alternative?
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June 26, 2011, 09:16:29 PM
 #5
Quote from: 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.

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