Why isn't the simulas having an effect?

[buckman]

Originally Posted by Backbeach Jake

My take on DJ. It's gambleing plain and simple. You give a guy your bucks to grow a business, he gives himself a hefty check and bonus because he thinks the money is his. And since the money is "his" now he will try to keep it all. Except for a piddly portion that he pays back to to his suckers to keep them quiet. Until the whole thing comes unwound, then he gets the Government to tax the suckers to pay back the money he "lost".

It's also where most people have there hopes for retirement deposited.

[Backbeach Jake]

Originally Posted by buckman

It's also where most people have there hopes for retirement deposited.

my point exactly. These shysters have crushed dreams, ruined lives and educations, and have lived pretty high on the hog from the blood and sweat of their victims. Now that is all in shards, they want their victims to foot the bill and sadly they have to or the whole shebang goes up in flames. I had a 401k eviserated in the 80s, I salvaged what was left and invested else where, where I had and have a modicum of control. This last "adventure' would have ruined me otherwise. And may still yet.

[Backbeach Jake]

Back to the question, the market hasn't responded because of fear and distrust. When the guys who run the investments start to behave responsibly and hell even legally, the investers will return. You can't fool all of the people all of the time. I pray it works, too, buckman. The people don't deserve this and right now they're scared, angry and mistrustful.