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	<title>Comments on: Fraud &#8211; a booming business</title>
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	<link>http://blogs.reuters.com/fundshub/2009/05/21/fraud-a-booming-business/</link>
	<description>Money managers under the microscope</description>
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		<title>By: Jerry</title>
		<link>http://blogs.reuters.com/fundshub/2009/05/21/fraud-a-booming-business/comment-page-1/#comment-217</link>
		<dc:creator>Jerry</dc:creator>
		<pubDate>Mon, 01 Jun 2009 14:35:27 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/hedgehub/?p=739#comment-217</guid>
		<description>Deregulation of the banking and financial sevices industries in the US has led to this crisis.
Unmitigated greed also played a big role.
We are witnessing the collapse of the Reagan economic revolution which was perpetuated and reinforced by every president since then.</description>
		<content:encoded><![CDATA[<p>Deregulation of the banking and financial sevices industries in the US has led to this crisis.<br />
Unmitigated greed also played a big role.<br />
We are witnessing the collapse of the Reagan economic revolution which was perpetuated and reinforced by every president since then.</p>
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		<title>By: Brian Foulkrod</title>
		<link>http://blogs.reuters.com/fundshub/2009/05/21/fraud-a-booming-business/comment-page-1/#comment-204</link>
		<dc:creator>Brian Foulkrod</dc:creator>
		<pubDate>Fri, 22 May 2009 23:56:56 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/hedgehub/?p=739#comment-204</guid>
		<description>We&#039;re only focusing on the obvious end users of the cycle of fraud. The fraud of blatantly (or ignorantly if the &quot;experts&quot; were actually only well paid morons) creating bubble after bubble to whittle away wealth at each step is still out there.

Remember the reference to the Dutch tulip bulb crisis when discussing the dot com days? The fraud continued, though, and the same mouthpieces calling anybody who disagreed stupid still have jobs as &quot;expert commentators&quot; and &quot;financial analysts&quot;. Never mind that they&#039;ve gonve from talking up that bubble on stocks that were by and large very well funded hobbies of technos who had no clue that hosting free services and giving away free products isn&#039;t a sound business plan. The drum beates stopped talking about dividends all together and kept a straight face while quoting obscen P/E ratios, while hding the facts that earnings of $100 mean nothing if you have bills of a million.

Then toss in the real estate bubble, the oil bubble, the gold bubble...just nothing more than giving the gambler who&#039;s broke but found a fiver in theparking lot the chance to throw even that away.

&quot;Investors&quot; who lost out ot a pyramid scheme are thre reason there&#039;s the old line, &quot;you can&#039;t con an honest man&quot;. The fact that they thought their superior status and inside connections would get them money for nothing is the exact kind of dishonest greed that makes a person a victim to scam.

The &quot;poor woman&quot; in court in NYC crying she had millions as was now on food stamps probably never thought once in her life of the people she damaged when those tactics worked in her favor and she profited at others&#039; expense.

Sadly, the only way to achieve true justice would be for the dollar to become so worthless, the thieves are finally as broke as the nation of victims they show no sympathy for.</description>
		<content:encoded><![CDATA[<p>We&#8217;re only focusing on the obvious end users of the cycle of fraud. The fraud of blatantly (or ignorantly if the &#8220;experts&#8221; were actually only well paid morons) creating bubble after bubble to whittle away wealth at each step is still out there.</p>
<p>Remember the reference to the Dutch tulip bulb crisis when discussing the dot com days? The fraud continued, though, and the same mouthpieces calling anybody who disagreed stupid still have jobs as &#8220;expert commentators&#8221; and &#8220;financial analysts&#8221;. Never mind that they&#8217;ve gonve from talking up that bubble on stocks that were by and large very well funded hobbies of technos who had no clue that hosting free services and giving away free products isn&#8217;t a sound business plan. The drum beates stopped talking about dividends all together and kept a straight face while quoting obscen P/E ratios, while hding the facts that earnings of $100 mean nothing if you have bills of a million.</p>
<p>Then toss in the real estate bubble, the oil bubble, the gold bubble&#8230;just nothing more than giving the gambler who&#8217;s broke but found a fiver in theparking lot the chance to throw even that away.</p>
<p>&#8220;Investors&#8221; who lost out ot a pyramid scheme are thre reason there&#8217;s the old line, &#8220;you can&#8217;t con an honest man&#8221;. The fact that they thought their superior status and inside connections would get them money for nothing is the exact kind of dishonest greed that makes a person a victim to scam.</p>
<p>The &#8220;poor woman&#8221; in court in NYC crying she had millions as was now on food stamps probably never thought once in her life of the people she damaged when those tactics worked in her favor and she profited at others&#8217; expense.</p>
<p>Sadly, the only way to achieve true justice would be for the dollar to become so worthless, the thieves are finally as broke as the nation of victims they show no sympathy for.</p>
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		<title>By: Nikkei 225</title>
		<link>http://blogs.reuters.com/fundshub/2009/05/21/fraud-a-booming-business/comment-page-1/#comment-182</link>
		<dc:creator>Nikkei 225</dc:creator>
		<pubDate>Thu, 21 May 2009 19:58:35 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/hedgehub/?p=739#comment-182</guid>
		<description>Focused not to fall victim to the petty thieves who were after our wallets, we developed a blindspot for the big fish that stole our savings, pensions and investments.</description>
		<content:encoded><![CDATA[<p>Focused not to fall victim to the petty thieves who were after our wallets, we developed a blindspot for the big fish that stole our savings, pensions and investments.</p>
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