Re: Oscars and Wall Street

Lance McLain <lance-X3DuywwxauBWk0Htik3J/[email protected]>
Newsgroups gmane.music.dadl.ot
Message-ID <[email protected]>
On Feb 28, 2011, at 1:58 PM, Karl D Swenson wrote:

> Isn't the second point more a testament to the fact that much of  
> what they
> did, while unethical, was actually legal?

I would say unequivocally no it was not legal.  It just has not been  
prosecuted by the AG, any regulatory agency or has been settled out of  
court for far less than they stole.
My theory is they cannot do so because it would bring the entire ponzi  
crashing down.

regards,
-Lance



>
> -----Original Message-----
> From: [email protected] [mailto:[email protected]]  
> On
> Behalf Of Lance McLain
> Sent: Sunday, February 27, 2011 9:45 PM
> To: DADL topic) (off
> Subject: [DADL-OT] Oscars and Wall Street
>
> 2 items I found noteworthy on the Oscars:
>
> First, the HSX (Hollywood Stock Exchange) which sells derivatives to  
> bet on
> the Oscars was 8 for 8 on the award picks.  Got every single one  
> right.
>
> Second, Charles Ferguson's acceptance speech for "Inside Job" was  
> noteworthy
> as he started his speech off by pointing out that it has been 3  
> years since
> the collapse and not a single Financial CEO or Executive has been  
> put in
> jail.
>
> regards,
> -Lance
>
>
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