Is it just me or does anybody else think that companies should be forcibly dissolved when they are caught stealing?

This just isn't right, they should be made to pay back the investors and closed.

There's no substitute for physically owning precious metals.

Paper trades are a sham.

Originally posted by Hastobemoretolife
Is it just me or does anybody else think that companies should be forcibly dissolved when they are caught stealing?

This just isn't right, they should be made to pay back the investors and closed.

I've been wondering about all the lawyers in the USA. 50% of the lawyers IN THE WORLD are in the US. A lot of them don't have much business, especially moreso as the economy implodes.

Why don't 500 out-of-work lawyers band together and seek a massive class-action suit against the banks? What do they have to lose, really? Why the heck hasn't this happened yet?

The entire judicial system is asleep at the wheel. The founding fathers gave us a balance of power that involves three branches. We've heard a lot from Congress and the Executive branch but barely a peep from the entire judicial system (not just the suprime court). This should be a field day for the lawyers and judges. There have been so many in-your-face crimes committed that it should be like shooting fish in a barrel for these people. Instead...total silence. I don't get it.

.. Is this the future of the world, ... no real commodities, .. no real currency.

... perhaps in 2050 I'll go to the store and purchase milk with a piece of paper that says It's worth ten dollars, which was issued by a bank, ... backed by " gold certificates" ...... and 3 or 4 steps down at the end of the line who do we have ????

... An empty vault owned by the " Cash for Gold" envelope company.

Originally posted by silent thunder
I've been wondering about all the lawyers in the USA. 50% of the lawyers IN THE WORLD are in the US. A lot of them don't have much business, especially moreso as the economy implodes.

Why don't 500 out-of-work lawyers band together and seek a massive class-action suit against the banks? What do they have to lose, really? Why the heck hasn't this happened yet?

The entire judicial system is asleep at the wheel. The founding fathers gave us a balance of power that involves three branches. We've heard a lot from Congress and the Executive branch but barely a peep from the entire judicial system (not just the suprime court). This should be a field day for the lawyers and judges. There have been so many in-your-face crimes committed that it should be like shooting fish in a barrel for these people. Instead...total silence. I don't get it.

That's a very good question. You would think with that amount of collective knowledge they could get somewhere. Who knows maybe they are scared are just not smart enough.

It's crazy.

I've been telling people for years that precious metal paper is just that, paper and can be lost stolen or nonexistent when you might need it. Certificates of ownership is fraud pure and simple. There is going to be more of this in the future. Lots of gold, silver and platinum certificates are out there and only a finite amount of those metals! This guy telling folks he converted everything to bullion should have thrown a red flag to anyone invested in his fund. That much bullion being purchased would have caused a ripple in the market and someone would have been looking to see who was trying to manipulate the precious commodities futures! Buy it yourself and put it in safety deposit boxes or in your own safes, Have it in hand not on someones list of paper assets!

Zindo