Thread: Are you "Furious".

Do you think Fast and Furious was illegal or just ill conceived?

This has been a source of contention for me for quite some time. The farther we move away from fundamentals -> the more trouble we seemingly get into. Why would anybody sworn to uphold the law forgo a law in order to get a "bigger" fish? The concept is asinine to me.

It's the same in business. Why would anyone create a derivative of a derivative when the first derivative wasn't collateralized well in the first place?

It feels to me that we are creating band-aid solutions upon band-aid solutions. I am not a libertarian but sometimes i feel we move so far away from fundamentals that we end up getting what we deserve.

I understand derivatives are sexy and can make money but for whom? The public lost big time. I know getting the big guys running guns is important but that effort saw one of our own killed and countless foreign nationals.


Was it "illegal?" No I don't think so - but it should have been. Was it "ill conceived?" You bet!