Quote:
Originally Posted by orthodoc
It's big (no, huge) business getting a pass on the regs that anyone else would have to observe, because it's Haliburton - creating their little shanty-towns in areas that aren't prepared for the traffic, road wear, noise, or sudden increase in school enrollment without any increase in tax base (the guys working the frack well sites stay on site usually, but their families come along and stay nearby - the kids are enrolled in school but families aren't paying school taxes, so resources get overstretched - until everyone leaves).
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In West TX, no townfolks bothered to ask if a school built near an Ammonia Nitrate storage facility was a good idea. Nobody in PA is asking why PA has so few environmental inspectors for fracking.
This is all completely different from what
Frontline discussed.
One common factor. People who eventually got screwed did not do what is required. Learn facts with the always required reasons why.
Too many saw short term mutual fund profits only because some urban myth said it was true. Too many knew Social Security was better invested in the stock market. Too many foolishly believed tax cuts create prosperity even though history said otherwise. In every case, because short term advantages looked so good. In each case, nobody considered the long term.
In
2004, realities of mutual funds are contrary to widely held beliefs. Informed adults watch
Frontline to avoid becoming a victim.
So who is guilty? The scam artist? Or those who all but begged to be scammed?
Even Alex Baldwin asked, "What's in your Portfolio?" It must be true. It's on the internet.