No. of Recommendations: 15
You've got to be kidding? Madoff, anyone? 2006-8 GFC?
Entire pension funds wiped out, people's entire savings wiped out because the fund's managers and trustees didn't bother to properly validate what was going on, for years.
Trillions of dollars vanished, hundreds of thousands of personal bankruptcies & foreclosures from job losses tied to un-payable zero doc loans and ARMS whatever etc - while investment bankers / mortgage risk-falsifiers made billions, cried "we can't put it back together, we need $850 billion dollars", then they and our corrupt politicians got paid and not one of them went to jail.
The question isn't "does it affect us financially in any way". The question is why do any of us pretend the system isn't corrupt as hell while we all just hope for our paper balances to go up and stay up enough to extract our relative pittances to live on?
FC
