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I am not a trader.  If puts and calls open Pandora's Box, unless a safe remedy can be found, I would ban them, had I the power.  I agree that GS should die--by  the Sherman Anti-Trust act or a new law if required.  Their continued existence seems incompatible with the rule of law and a properly functioning representative democracy.  The financial services industry, Goldman Sachs and the epigoni, is the only part of the society that has any true representation at present.

If most of the financial industry were to disappear it would mostly mean that a lot of people would have to start making honest livings.  All of the vaunted innovation has only led to the impairment of the economy and the enrichment of the individuals comprising the financial industry.  I do not see how recovery is possible while continuing to feed a parasite of that magnitude.  

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jul 30th, 2009 at 02:00:19 AM EST
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