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Author: xLife Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 465046  
Subject: Re: FDIC, small savers & Cyprus Date: 3/27/2013 11:00 AM
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We don't have that because the rulemakers have been captured by the manipulators.

At risk of sounding like a broken record and touting a book thats been touted here already... if you have any doubt about "regulatory capture" by Wall Street, read Barofsky's Bailout.

I knew it was bad. But Treasury and the SEC aren't just "easy" on Wall Street, they're totally complicit in abetting fraud and massive theft. It's as if the drug cartels were able to stuff DOJ and DEA with their own hand-picked lawyers and cops. Except it's worse because the sums of money stolen are truly astronomical. Drug cartels, at least, sell a product people want to buy.
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