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The exchanges are usually not the ones scamming people - they just provide the infrastructure. The exchange is like the casino's landlord, the market maker is like the casino, and the banksters and hedge fundies are like the card sharp over in the corner.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Apr 6th, 2013 at 06:52:03 AM EST
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Nor would they be the ones who are bankrolling the whole game. Those would be the largest wealth holders. The casino operators and the card sharks are part of the game but they know who the big dogs are. If they don't they don't last long. It is only when one of the big dogs screws up, as with Jon Corzine of MF Global or with Martin J. Sullivan of AIG that even bigger dogs will take a bite or a limb for themselves. The others mostly try to play for some of the scraps.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Apr 6th, 2013 at 09:10:14 PM EST
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