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Posted
Y'see, that's Europe. We're not Europe. We'd never let something like that happen here.

 

Right? :rolleyes:

 

Oh, no, of course not. We'd let the biggest companies trade derivative investments based on credits (carbon futures, collatorized carbon loans) with absolutely no regulation or oversight, Enron-style, then wonder why the economy caves in when it all blows up.

 

Because whereas the Europeans are just crooked, we're idiots.

Posted
Explain to me why America needs this scam?

 

So that grossly ignorant people like pBrain and conner can feel good that the government is "doing something" about the problem.

Posted
So that grossly ignorant people like pBrain and conner can feel good that the government is "doing something" about the problem.

They shouldn't feel bad since Buffett echoed their sentiment the other day, in one of the the sincerely dumb moments of his life. It's too bad the "journalist" who was asking the question didn't follow up with "How many times have you invested other people's money using that philosophy?" He'd have lost his !@#$ing mind.

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