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These financial instruments are so complicated they therefore must be Legal.

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C......N......C Donating Member (454 posts) Send PM | Profile | Ignore Sun Apr-05-09 07:56 PM
Original message
These financial instruments are so complicated they therefore must be Legal.
Edited on Sun Apr-05-09 07:56 PM by C......N......C
Is that what they are saying? We don't understand them, therefore they must be legal. Why isn't the legality brought up at the same time as the complexity? Somebody is missing some very important questions.
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-05-09 08:03 PM
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1. It certainly doesn't make them illegal.
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C......N......C Donating Member (454 posts) Send PM | Profile | Ignore Sun Apr-05-09 08:12 PM
Response to Reply #1
3. Certainly makes them questionable then. Is anybody supposed to look
at transactions for legality? I would be suspicious of complex dealings.
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Junkdrawer Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-05-09 08:06 PM
Response to Original message
2. Complexity is the Number 1 Regulatory Dodge used by the Big Banks...
Excellent Point :hi:
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Double T Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-05-09 08:50 PM
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4. corrupt wall street and criminal corporate america can BRIBE our politcal..........
representatives and senators legally. Sure as hell doesn't make it right!! Somebody ALWAYS misses some very important questions....... INTENTIONALLY!
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