Archived posting to the Leica Users Group, 2011/03/14
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Quoth the FRANK DERNIE : > The bankers were not as well educated or clever as they thought. > Lending the > same money more than once, which is effectively what selling a loan > to someone > else then lending the money agin is, is the financial equivalent of > a perpetual > motion machine. Anybody who thought it could work was stupid, > illogical and/or > ill-educated. How so? Not one of the people who pulled 7, 8, 10-figure compensation packages while running that scam has been imprisoned or fined; damn few have even been "inconvenienced" to the extent of losing their jobs, businesses, tax shelters, or any of their marks' trust. They are, in fact, therefore set for life at a level which enables them to buy fleets of Jaguars, production runs of S2's, and swimming pools of single malts out of pocket change.... Equipment we can barely dream about are in their rounding errors. So there are two options: Either they blew it through mismanagement and stupidity... . or they accomplished precisely what they meant to accomplish - but lied about their goals and intentions from the beginning. Here's a hint: They are NOT stupid or incompetent. -- R. Clayton McKee http://www.rcmckee.com Photojournalist rcmckee at rcmckee.com P O Box 571900 voice/fax 713/783-3502 Houston, TX 77257-1900 cell phone # on request