Forum Post: Louie the Bookie is kept more honest than a Wall Street Broker
Posted 13 years ago on Oct. 24, 2011, 8:50 p.m. EST by Statman2c
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Are Wall Street Barons Captains or Pirates of Industry; Are Wall Street Barons Builders or Fleecers/Skewers of America?
Oxymoron1: Wall Street Shares Oxymoron2: Wall Street Investment Oxymoron3: Wall Street and Shared Responsibility
Wall Street Risk Modeling:
Louie the Bookie is kept more honest by his employer than Wall Street brokers by theirs.
Wall Street Math: Bayes Theorem: 1/1000 chance to win, 999/1000 chance to lose. I cap my losses, so I win.
Wall Street Computer Models: GIGO, Junk=AAA, so Econometric Models Crash
Adm. Hyman Rickover went down with each nuclear sub on its maiden voyage. Any similar personal investment (risk) by Wall Street CEOs? Don't bet on it. It's1000/1000 (100%)against. Just ask Main Street.
Wall Street and Epidemiology:
The Centers for Disease Control tracks down and isolates toxic and infectious substances; Wall Street breeds and spreads toxic substances it calls assets.
The Surgeon General has determined that Wall Street is dangerous to America's health; why can't the Fed Reserve and the Treasury Department?
Thank you.