Wednesday, July 8, 2015

A Naive Fool Asks a Dumb Question

In the dim past, we were taught the purpose of stock exchanges was for companies to raise capital to start and/or expand businesses. One example that comes to mind is Microsoft, who's first offering was on the Spokane Stock Exchange. The exchanges allowed investors of all sorts an opportunity to buy in. Sort of a win/win situation.

Seems all the exchanges have rapidly become another gambling casino with the most successful gamblers achieving high social status. 

Nowadays we ordinary citizens are told to make good these gambler's losses via taxes collected by the government. 

So this naive fool asks, why the fuck should we be responsible for the wretched outcome of these gambler's mistakes?

Oh WSF, you don't see the big picture. We must protect the pension funds, the insurance company reserves, the etc. Yep, just a dumb hick falling off the turnip truck here.

The situation makes me want to vote for Bernie Sanders and Elizabeth Warren. Seems they are the only ones asking the right questions.
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