Archived posting to the Leica Users Group, 2011/03/14
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Many years ago I saw a summary comparison of what the writer referred to as white collar crime v blue collar crime. I do not remember the precise detail but the comparison was something like 90+% of prison inmates were blue collar criminals who had stolen relatively small amounts of money in "conventional" robberies. Only a tiny number of white collar criminals were in prison despite having stolen hundreds or thousands more per individual crime... 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. The fact that bankers have fancy qualifications means nothing to me. I have worked with PhDs who were useless, and I wouldn't pay in brass washers, and people who have not been to university who are clever industrious and logically minded. Frank ----- Original Message ---- From: George Lottermoser <imagist3 at mac.com> To: Leica Users Group <lug at leica-users.org> Sent: Monday, 14 March, 2011 16:04:10 Subject: Re: [Leica] Manhattan Harbor On Mar 14, 2011, at 8:45 AM, Lawrence Zeitlin wrote: > There are no regional limits to human cupidity. Therein lies the issue we must truly face squarely. The human species engaged in "business" requires just as much intense regulation, oversight, and law enforcement as "working class" criminals. Our business criminals pay huge sums of money to legislators to avoid any regulation whatsoever; no matter whether in developed, undeveloped or third world countries; the same rules and lack thereof apply. That is what brought the economy to a standstill. Unless we (all of us everywhere) become engaged citizens we have only ourselves to blame. Regards, George Lottermoser george at imagist.com http://www.imagist.com http://www.imagist.com/blog http://www.linkedin.com/in/imagist _______________________________________________ Leica Users Group. See http://leica-users.org/mailman/listinfo/lug for more information