The stock exchanges are, and have been for some time, Mel Brook’s great movie “The Producers.”
Crowd funding on a colossal scale!
“Leo, how much of a percent of anything can you sell?”
“Max, you can only sell 100% of anything.”
“Aha! And how much of Springtime for Hitler have we sold?”
“Twenty-five thousand percent.”
“Twenty-five thousand percent! I need to look at the money!”
And that instead of arrest and a prison sentence, the perps pay pitifully small bribes to the SEC and Congress, and take the bribes off their taxes!
A perpetual “Get out of jail free” card!
LOL!
PanAug 9, 2019 @ 0:12
Dear Rick,
You have been for awhile now, and still are, one of the most insightful and interesting commentators out there. If you ever find the time, you should write a book.
&&&&&&
Thanks for your kind words, Pan.
I’m unenthused about writing a book because it would take a lot of time and there are no guarantees it would sell. A tough line of work, for sure. RA
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The stock exchanges are, and have been for some time, Mel Brook’s great movie “The Producers.”
Crowd funding on a colossal scale!
“Leo, how much of a percent of anything can you sell?”
“Max, you can only sell 100% of anything.”
“Aha! And how much of Springtime for Hitler have we sold?”
“Twenty-five thousand percent.”
“Twenty-five thousand percent! I need to look at the money!”
And then………………
https://www.youtube.com/watch?v=A2XdG8oF3sM
See how it works?
The only difference is the scale of the fraud.
And that instead of arrest and a prison sentence, the perps pay pitifully small bribes to the SEC and Congress, and take the bribes off their taxes!
A perpetual “Get out of jail free” card!
LOL!
Dear Rick,
You have been for awhile now, and still are, one of the most insightful and interesting commentators out there. If you ever find the time, you should write a book.
&&&&&&
Thanks for your kind words, Pan.
I’m unenthused about writing a book because it would take a lot of time and there are no guarantees it would sell. A tough line of work, for sure. RA