where...
...is the f***ing "undo" button?

It should be possible to unpick this mess. But that would mean that whoever profited (assuming we regard the global economy as a zero-sum equation) would have to give back the eleventy-squilllion dollar bonuses.

So instead they dress it up in fancy terms and pretend like a bunch of money just vanished into thin air from their vaults - oh my!

(As an aside, when we were kids we played shops. And a bank, too. We figured it out *really* fast that a banks should NOT do wierd shit like lend to another bank, only for second bank to invest back in first, giving the first bank more capital to lend. And that was just with actual play money, no fractional reserve chicanery.)

edit: Also, when will charges be brought? People get sent down for much less than this, simply wearing a suit and earning lots is not an immunity from personal and ethical responsibility.
(The Incredible Sulk Finally remembered his password on, Fri 23 Jan 2009, 10:30, Reply)