Lloyd! 8==>

Apparently, Goldman Sachs would be in trouble if it were a Vegas casino.

The issue deals with things called front-running and derivatives trading against its own investors. For the rest of us, “derivatives” is a general term used on Wall Street to describe any kind of securities trading that is done off the market and is consequently unregulated.

Oh, and these are always the types of deals that cause market crashes.

The Securities Act of 1934 specifically defines a class of “qualified” investors who are supposed to have enough assets and enough savvy to make their own mistakes, God bless ‘em. Yet in Vegas, where there is a sucker born every minute and capitalism is at least as popular as it is in New York, section 465.070 of the Nevada Gaming Law makes it a felony “to place, increase or decrease a bet or to determine the course of play after acquiring knowledge, not available to all players, of the outcome of the game or any event that affects the outcome of the game or which is the subject of the bet or to aid anyone in acquiring such knowledge for the purpose of placing, increasing or decreasing a bet or determining the course of play contingent upon that event or outcome. ”

via Adam Smith Money World.

Former Scientologists Claim Abuse – Los Feliz Ledger

Wow. It’s like Synanon more and more every day.

Six former members have claimed allegations of physical and emotional abuse against the Church of Scientology, including workplace abuse, forced detention, isolation from outside family and friends and coerced abortion.

via Former Scientologists Claim Abuse – Los Feliz Ledger.

AMERICAN HISTORY X’D – Correcting the Lies You’re Told – Vice Magazine

We started with Thomas, a public school student from New Mexico.

What year did a man walk on the moon?

Thomas: Oh, like the 1800s? Somewhere around there?

FACT: Right you are! In 1845, NASA astronaut Lance Armstrong launched what was then called a “steam rocket” soaring into the atmosphere. The rocket was made of 7-inch thick walls of cedar with upwards of 50 moist blankets bound tightly around it (this was to prevent exploding into flames upon leaving the atmosphere). Lance returned in late 1865 with nothing to show for his travels but a bruised ass.

via AMERICAN HISTORY X’D – Correcting the Lies You’re Told – Vice Magazine.