NP - Jamie Dimon and the Gambling Away of All of Us

[Iris Sirius]

Right, exactly, we both agree with me.

On Wed, Jun 13, 2012 at 4:11 PM, David Morris <fqmorris at gmail.com> wrote:

> On Wed, Jun 13, 2012 at 3:55 PM, Iris Sirius <irissiriustce at gmail.com>
> wrote:
> >
> > the more understanding you have of a risk, the less risky it becomes.
>
> Only less risky if that understanding tells you how to avaoid the
> dangers of that risk.
>
> > Risk is defined by level of understanding.
>
> Really?  That's a new one to me.
>
> ----------------------------
> risk (rsk)
> n.
> 1. The possibility of suffering harm or loss; danger.
> ---------------------------
>
> > Even if you regulate more, you can never escape the occasional evil
> anomalous monad.
>
> The anomalous is a red herring.  The nature of the derivitives game is
> that someone has to lose.
>
> David Morris
>
> > Read
> > more:
> http://www.esquire.com/blogs/politics/jamie-dimon-congress-testimony-9678137#ixzz1xhybChFL
> >
> > On Wed, Jun 13, 2012 at 3:20 PM, David Morris <fqmorris at gmail.com>
> wrote:
> >>
> >>
> >>
> http://www.esquire.com/blogs/politics/jamie-dimon-congress-testimony-9678137
> >>
> >> It is considered declasse in our higher politics to mention this, but
> >> there actually is a class war underway in America, and it doesn't need
> >> politicians to stoke it. It happens in millions of little battles
> >> every day, over mortgages, and college loans, and retirement, and the
> >> simple, granite-like impassibility of the country's elites in the face
> >> of what's happening to the great mass of people in this country. Now,
> >> it's possible that our firmly purchased political system may be able
> >> to continue to divert the energies of that war in the directions most
> >> amenable to maintaining the status quo. (Blame the black people, the
> >> regulators, the drum circles, public school teachers, the Community
> >> Reinvestment Act, Van Jones!) But, sooner or later, someone's going to
> >> be desperate enough — or bold enough — to grab that energy and ride it
> >> to glory, and we all better goddamn hope that person has a good heart,
> >> because those kind of things can go awfully badly wrong. What the Wall
> >> Street casino is playing with is not house money. It belongs to all of
> >> us. They are gambling not merely with currency, but with the stability
> >> of the political system. Someone is going to pay.
> >
> >
>
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