Theos-Talk Archives (July 2002 Message tt00060)

--- ramadoss@gbronline.com wrote:
> The kind of money the "investment bankers" make is
> outrageous. There were 
> some cases of attorneys working in the investment
> banking legal work quit 
> law practice and went into investment banking when
> they saw the money they 
> can make. Of course there would be defenders of open
> market who claim that 
> they are being paid what is worth in the open
> market.

I don't begrudge anyone making an infinite amount of
money so long as it is not removed from my wallet at
gunpoint. One thing most people do not know about the
stock market is that no money is created. It merely
changes hands. So if there are going to be
institutions making money (i.e., removing money from
the market to pay salaris, etc.) and a very few
individuals making money, there must necessarily be a
lot of ignorant people out there losing an equal and
opposite amount. If they put their money in of their
own free will and then watch it disappear, no
problem-o from here. If W has it taken from us
without our consent and then sends it to New York
where it is then made to disappear, then I do have a
problem with that.

Of course, the solution to the problem is to move to
lower Manhattan and join the Wall Street gang.


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