All Berman has "ever" done is to use this market with these " many symbols" to steal money. He's never had a real business, nor will he ever!. It the means to his end. He's a liar, and thief. This sums up what he is, and anyone who associates themselves with this crook aren't any better.
Not alot has changed in this market, the scammers continue on like before. The derivatives market is still unregulated, just like the OTC market without oversight allowing crooks like him to continue committing fraud. Is it any wonder why?
Where are the regulators, and the agencies that allowed Credit Default Swaps, and any publicly traded corporation to sell some type of insurance policies with the promise to cover their bets without having the capital to back them up, and unbeknownst to individuals who were invested with the likes of AIG, or those who had legitimate policies, and not one has been indicted on any level. What did happen as we all well know is the government gave them whats known today as the biggest bailout in history........"just so they could cover their bets, one being with Goldman". All them partied it up, and rewarded, and some with yet even larger bonuses.
Never mind whats its cost this nation, its people and world economies our politicians have failed to get a grip on the realities of whats happened, and what the future may hold if things don't change..........It begins with this market, and the allowance of Insiders getting to use these companies or those with just symbols as their own personal ATM's.
Over the last 15 or so years the derivatives market has grown from $35 Trillion with a T to $595 Trillion. Hedge funds continue to operate without real transparency just like AIG did, just like all the companies in this sector do. The only time our government wants to do something serious, in-particular the republicans is when they want to act against the American people, blaming all of us for their costly in lives, and money, mistakes that have driven this country into the ground at $11T, spending another $3T in an attempt to fix it.
The bigger issue is that its not the first time for bailouts, nor the first time getting us into wars that were unjustified to satisfy corporate greed who wanted a stake in the action by being given government contracts, and or access to resources, and its been going on for decades.
Its all a part of this mess yesterday, and today..............
Now that the winds blowing in another direction they want to see if their boot fits sideways up all of Americas ass?. That is, if we don't fall into some huge sinkhole first?, our infrastructure is deteriorating faster than they can build up other countries.
