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Originally posted by kosmicjack
reply to post by Kaytagg
Well, you know what? I tried to tell my grandparents early last year in February or so, that things were going to hell and that they should take action to secure their money. But they are of the Greatest Generation, a generation characterized by hard work, honor and commitment. They trusted their investment adviser and projected their own values and morals on to him.
Unfortunately they were very wrong because, you see, he is just part of a corrupt system that has become, essentially, sanctioned gambling. It wasn't like that when they first started putting their savings in the stock market but that is what is has become.
Originally posted by InfaRedMan
Originally posted by Kaytagg
Those old farts should be thrown in jail for the rest of their lives. I'm glad they lost their money if this is how they fix their problems.
What your seeing is desperate measures from desperate people who have probably, at their stage of life, lost everything. And the thing that probably stings the most and pushed them over the edge into this action was the fact that they have no legal recourse under a rigged system whatsoever.
In essence, as good citizens, they are expected to grin and bare it while said financial institutions continue to flourish and make money hand over fist with their deceptions upon vulnerable people into the foreseeable future...
Just my take on things. Not everything is black and white!