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<p>[QUOTE="HawkeEye, post: 3055688, member: 86305"]Sorry I missed this little jab, but I do have an understanding of the technology, and a long history of running large financial technical operations. Having run technology for a Fortune 500 bank for quite a while I understand much more than most who will post here. So maybe personal pokes at people assuming ignorance isn't a good thing. I saw many abuses of power related to "can't miss" or "new things" and know a problem when I see it.</p><p><br /></p><p>Any time someone says "this is a can't miss proposition" it is always suspicious. Many times when someone says "you just don't understand" it is either a control move or a fraud issue. Remember securitization of mortgages? The guys on Wall Street would tell you "it is perfectly safe, you just don't understand it." Or Bernie Madoff who was a genius investor, "we just weren't smart enough to understand his investment strategies or methods?" Or the S&L crisis of the 80s where rates weren't the issue, "we just needed more volume." Or the ENRON abuse of technology to manipulate oil markets.</p><p><br /></p><p>Let's keep the conversation to the discussion of events and skip the personal jabs. We can have differences of opinion and still post here politely.[/QUOTE]</p><p><br /></p>
[QUOTE="HawkeEye, post: 3055688, member: 86305"]Sorry I missed this little jab, but I do have an understanding of the technology, and a long history of running large financial technical operations. Having run technology for a Fortune 500 bank for quite a while I understand much more than most who will post here. So maybe personal pokes at people assuming ignorance isn't a good thing. I saw many abuses of power related to "can't miss" or "new things" and know a problem when I see it. Any time someone says "this is a can't miss proposition" it is always suspicious. Many times when someone says "you just don't understand" it is either a control move or a fraud issue. Remember securitization of mortgages? The guys on Wall Street would tell you "it is perfectly safe, you just don't understand it." Or Bernie Madoff who was a genius investor, "we just weren't smart enough to understand his investment strategies or methods?" Or the S&L crisis of the 80s where rates weren't the issue, "we just needed more volume." Or the ENRON abuse of technology to manipulate oil markets. Let's keep the conversation to the discussion of events and skip the personal jabs. We can have differences of opinion and still post here politely.[/QUOTE]
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