CAPITALISM

IN THE BOOK " THE GREATEST TRADE EVER" John Paulson's personal TAKE amounted to over $10 million A DAY! As many have said something is fundamentally wrong wrong in a financial culture that thrives on "products" that create nothing and produce nothing except new ways to make bigger bets with other peoples money and "stack the deck" in favor of the house. At least in an actual casino, the damage is contained to the gamblers with hopefully their own money. This deal cost the economy 8 million jobs. Let me see if I can put this in simple terms. I secure a mortage for my house, then I buy insurance that pays if I fail to pay my mortage, then I fail to pay my mortage and collect. Seems Fair?
Let's put it old fashion terms, I buy a house and I buy fire insurance and the I set fire to my house how is that any different than what I see on Wall street except I would be arrested for setting fire to my house. That is fraud. Where are the handcuffs! for Wall street!