what do we wall greed the day before an indictment? i m afraid recently we ve called it success. the u.s. economy, which used to be the envy of the world, is in the most serious trouble since the great depression. inflation is rising, while the standard of living is declining. there was tremendous inflation, and not much growth. the country was not in a great depression in 1980, but the united states was in the dumps. on wall street, it was cold, gray, wet, and miserable. there was no comfort to be found outside. and for investors, there was not much inside either. the tickers carried almost nothing but bad news. we d come off a terrible decade for investing. people were skeptical of the stock market. it was a very sleepy wall street back then. most economists expect a serious recession, with at least 2 million more americans losing their jobs. i regret to say that we re in the worst economic mess since the great depression. literally from the
Sam bagman freed, how great would it be to be a billionaire in your twenties . And if youre not saying bagman freed, how great would it be to latch on to someone like him and make millions of dollars for an investment of a fraction of that amount. But thats not real life. The kind of strategy will always catch up to you. Bill black is an associate professor of economics and law at the university of missouri at kansas city where he teaches white collar crime, public finance, Anti Trust Law and economics, as well as latin american development. Hes a former executive director of the institute for fraud prevention. He has taught at the Lyndon B Johnson school of Public Affairs at the university of texas at austin as well as at santa clara university. Professor black was litigation director at the Federal Home Loan Bank board, Deputy Director of the savings and loan oversight body, the ssl, i see general counsel of the Federal Home Loan Bank of san francisco, and Senior Deputy chief council
The, the one of the fatal flaws with unrestricted capitalism is the desire to get rich as quickly as possible while putting in the least amount of work possible, its a practice that plays on the inherent reading is that most people have who wouldnt want to get rich quick, who doesnt see himself or herself as a corporate leader under the right circumstances. Doesnt fantasize about investing in facebook, google, microsoft or amazon on the very 1st day that those Companies Went public . Who doesnt wish that he was born buffet. But that kind of intellectual laziness, trying to predict the next big thing rather than putting in the work will always come back to bite you. Im john curiosity. Welcome to the west of lower the. 2 2 2 2 2 2 2 2 2 2 get rich, quick schemes are common place in the United States with a blind trust in barely regulated capitalism. Everybody, regardless of economic background, education level, age or anything else, believes that they have the ability to become welfare.
Quickly as possible while putting in the least amount of work possible. Its a practice that plays on the inherent reading is that most people have who wouldnt want to get rich quick, who doesnt see himself or herself as a corporate leader under the right circumstances. Doesnt fantasize about investing in facebook, google, microsoft for amazon on the very 1st day that those companies werent public who doesnt wish that he was born in buffalo, but that kind of intellectual laziness, trying to predict the next big thing rather than putting in the work will always come back to bite you. Im john curiosity. Welcome to the whistle blowers the. 2 2 2 2 2 2 2 get rich, quick schemes are common place in the United States with a blind trust in barely regulated capitalism. Everybody, regardless of economic background, education level, age or anything else, believes that they have the ability to become welfare. Then in their wildest dreams, if they just choose the right opportunity, we said see that
Regardless of economic background, education level, age or anything else, believes that they have the ability to become welfare. Then in their wildest dreams, if they just choose the right opportunity, we so see that with frequency here in the united states, just look at the scandal surrounding serratos. The runners this founders claimed that they had revolutionize the way the blood tests were done. And that their new technology could detect diseases earlier than any existing blood tests, without any proof that the Technology Even existed. The company reached evaluation of tens of billions of dollars, only to collapse. All of the companies founders are now in prison. And even more recent examples include that of Crypto Currency Exchange f t x. And if its founder sam bagman fried, how great would it be to be a billionaire in your twenties . And if youre not saying bagman fried how great would it be to john to someone like him and make millions of dollars for an investment of a fraction