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marmar (1000+ posts) Send PM | Profile | Ignore | Wed Apr-13-11 06:13 AM Original message |
Hedge Fund Gamblers Earn the Same In One Hour As a Middle-Class Household Makes In Over 47 Years |
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dkf (1000+ posts) Send PM | Profile | Ignore | Wed Apr-13-11 06:16 AM Response to Original message |
1. Not all hedged funds made money. |
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mod mom (1000+ posts) Send PM | Profile | Ignore | Wed Apr-13-11 08:29 AM Response to Reply #1 |
4. as the commercial says..they make $ whether you make or lose your investment $. |
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GillesDeleuze (841 posts) Send PM | Profile | Ignore | Wed Apr-13-11 09:10 AM Response to Reply #1 |
7. No. They can still take a percent fee of principle, annually. |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Wed Apr-13-11 06:24 AM Response to Original message |
2. The reason is that they are |
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Demeter (1000+ posts) Send PM | Profile | Ignore | Wed Apr-13-11 08:32 AM Response to Reply #2 |
5. They are skimmers and cheats |
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liberal N proud (1000+ posts) Send PM | Profile | Ignore | Wed Apr-13-11 06:37 AM Response to Original message |
3. Mostly at the cost of those middle class workers. |
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Starry Messenger (1000+ posts) Send PM | Profile | Ignore | Wed Apr-13-11 08:42 AM Response to Original message |
6. And if we're not nicer to them, they might leave! |
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raouldukelives (945 posts) Send PM | Profile | Ignore | Wed Apr-13-11 11:36 AM Response to Original message |
8. Gambling with your money pays well |
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Jefferson23 (1000+ posts) Send PM | Profile | Ignore | Wed Apr-13-11 01:01 PM Response to Original message |
9. Worse than the mob, as their actions impact is devastatingly far worse. See Stiglitz |
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plumbob (1000+ posts) Send PM | Profile | Ignore | Wed Apr-13-11 03:38 PM Response to Original message |
10. That industry needs to be outlawed. They produce nothing and steal |
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GillesDeleuze (841 posts) Send PM | Profile | Ignore | Thu Apr-14-11 09:21 AM Response to Reply #10 |
11. hedging, yes. but a total ban on derivative products |
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plumbob (1000+ posts) Send PM | Profile | Ignore | Thu Apr-14-11 01:12 PM Response to Reply #11 |
12. Insurance is a moral hazard; it promotes risky behavior. If the risk were |
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