Blackstone Defends Pension Shysters
Shyster - The word is derived from the German verb scheissen, "to defecate" and the English suffix -ster, "one who does". Shyster is an alteration of the German scheißer, which literally means "defecator" or an "incompetent worthless person"
The rationalizations in this article sounds like more bullshit from some of the world's biggest bullshitters. Or, should I say defecators. Or more politely, shysters. We don't need no stinking regulation. The market will clean out the corrupt and crooked. If this isn't the biggest line of bullshit I have ever heard coming from firms with massive conflicts of interest. That someone would actually be quoted using this logic is completely preposterous.
Why not apply this logic to all criminals including murderers. Using Blackstone's logic, if we were to allow the market to act on its own, it would cull murderers. Therefore we would need no prisons. Because eventually, we could assume all murderers will either themselves be murdered by other murderers or their victims as a form of retribution. The market would indeed take care of itself. And, in fact in a lawless society, this is exactly what would happen. We used to call this the Wild West. Indeed Wall Street has created its own modern day Wild West by buying political influence to deregulate the economy so we could have figurative gun fights in the streets. That is exactly what we are witnessing. Mad Max would be right at home in today's financial economy.
What Blackstone is advocating is indeed lawlessness. You can't make this stuff up. These clowns are really that stupid? Or could we infer something else?
The rationalizations in this article sounds like more bullshit from some of the world's biggest bullshitters. Or, should I say defecators. Or more politely, shysters. We don't need no stinking regulation. The market will clean out the corrupt and crooked. If this isn't the biggest line of bullshit I have ever heard coming from firms with massive conflicts of interest. That someone would actually be quoted using this logic is completely preposterous.
Why not apply this logic to all criminals including murderers. Using Blackstone's logic, if we were to allow the market to act on its own, it would cull murderers. Therefore we would need no prisons. Because eventually, we could assume all murderers will either themselves be murdered by other murderers or their victims as a form of retribution. The market would indeed take care of itself. And, in fact in a lawless society, this is exactly what would happen. We used to call this the Wild West. Indeed Wall Street has created its own modern day Wild West by buying political influence to deregulate the economy so we could have figurative gun fights in the streets. That is exactly what we are witnessing. Mad Max would be right at home in today's financial economy.
What Blackstone is advocating is indeed lawlessness. You can't make this stuff up. These clowns are really that stupid? Or could we infer something else?
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