Bernanke says Fed likely to add negative interest rates to recession-fighting tool kit.

Excellent.

People like to polarize the issue of bankers and the criticism can sound like hyperbole. But I spent 6 months with a Morgan Stanley executive and 3+ weeks at a Morgan office.

One Executive Director, fired for money laundering.

Another 1st Vice President, took cash from a major weed dealer 4-years ago and used it to open up his restaurants.

I never heard the Executive Director say anything about stocks or finance; he is just a salesman on steroids and amphetamines, looking for young girls to exploit. Lying to everyone, even a super smart Morgan VP that was going to be part of our team.

But this isn't limited to investment banks.

AEG, which is the largest sports coming in the world, has a corporate henchmen named Matt Bettenhausen. Matt was a deputy governor, a federal prosecutor, worked in the White House and for the Governor Swareznegger.

Bettenhausen is one of those sychophantic corrupt federal prosecutor who thought it was wise to harass and intimidate me, and harass my friends, and lie about me.

But in the process, he obstructed a federal investigation concerning a Congressman and an Under Secretary of State. Bettenhausen, AEG, LAPD etc doesn't care that Morgan Stanley sociopaths launder money, sell drugs, and turn 18 yr old girls into prostitutes.

Point is, whether people be smoking meth in a trailer stealing copper in the midwest, or shooting steroids and taking dexerdrine and laudering cash in an $8 million condo, they all the same.

People are people, and corrupt executives will do anything to protect their money and interests. Right or wrong? They don't care. Matt went from being a civil servant to selling over priced sugar water to people who go to hockey games. But it made him a millionaire.

/r/Bitcoin Thread Parent Link - marketwatch.com