Monday, March 23, 2009

Gambling in Financial Products and Derivatives

People using other people's money to gamble in financial products and derivatives and being paid huge sums of money for doing so is a sure formula for disaster. All these money is being channeled out of the productive system into these financial gambling activities will make the man in the street poorer.

The big gambling game has just started again and it is only a matter of time before it will collapse again.

Rewarding gambling habits in these financial products is just not even common sense, it is special interest groups in operation and more and more people are getting into these programs and trying to find programs to make money in gambling in these activities.

How do you differentiate the crook from the good guy?
A company comes along, borrows money from the bank or lists IPO or any other financial schemes and pays himself huge sums of money, then the company goes bust but he has already filled his pocket.

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