Posts Tagged ‘Lord of the Rings’

After reading how Magnetar, the hedge fund, was able to engineer bets against its own fraudulent financial products and win, one can’t help but feel discouraged.

Gambling has been universally feared as one of man’s most dangerous and ignoble predilictions since the dawn of recorded history. I am not a religious man yet if I were, gambling and the usury that feeds it would be the Devil incarnate.

Wall Street, of course,seems to think that gambling should instead continue to be the cornerstone of U.S. finance and banking. (more…)

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