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Entry: CB Richard Ellis Plunders Veterans and Old Ladies Link: http://www.takimag.com/site/article/cb_richard_ellis_plunders_veterans_and_old_ladies#9470 Post contents: Sometime in the late-'80s/early-'90s, a caveat emptor compact replaced our traditional, conservative, financial commonweal without consumers realizing the full extent of what this meant. With instruments like adjustable interest rates and legalized usury, banks, credit institutions and investment firms were able to compound their profits free of risk. Simply: They ALWAYS make money. For consumers, the American morning has been darkened by debt, limitations on bankruptcy relief and the knowledge that at any moment the burgher kings could decide his or her modest two-bedroom would best avail the community by transmuting into a high-rise party keep for coddled twentysomethings. The CB investors were still operating on the premise that American business is mostly on the up-and-up. Oh, there have always been scams and frauds – but sheep-shearing has never been the general order of the day, simply because business cannot sustain itself in the long run without a modicum of consumer trust. But these days – who cares? Screw ‘em and forget about tomorrow. Twenty years ago the investment decisions made by the company would have been reasonably sound – with risk, of course. But 20 years ago, banks couldn’t legally charge 100 percent interest; although rarely done, banks can now legally apply such a rate. It’s a different world, and with a huge pool of the best politicians money can buy, it’s likely to grow less kinder/gentler for the New American Peasantry. I hope the best for the investors. And this country. Sent at: 2008 07 24