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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#9498 Post contents: <I>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> SF Curt. Your whole post was great. When it comes to banks, the things they now do are quite unlike the things they used to do. I happen to know about a bank that will remain nameless (J.P.Morgan). Back in the day they managed money and were VERY conservative. And their customers were old money and not interested in the latest financial gee-gaws. However, in the last decade they have put-on seminars about such things as impossible-to-understand exotic derivatives that the old money has found seductive. I could not believe the old money was falling for it. Wow. What a world we live in. http://www.zealllc.com/2002/jpmgrows.htm Sent at: 2008 07 24