THE PREVIOUS post had a little video about pyramid schemes, but this one is better for those who are not familiar with imaginary assets, much like software/BM patents and bad mortgages, even 401(k).
Apologies for steering a little off topic. A detailed analysis worth reading, especially to those who have not read it yet, seems almost prophetic these days. It related to topics that we cover.
This situation is not about stock valuation, product quality or whether or not Microsoft has monopoly power in its markets. Nor is it part of a pro or anti-Microsoft movement. This situation is instead a shining example of financial fraud and corruption enabled by bad government policy. If not quickly and aggressively addressed, we will all be losers as credibility in our financial markets is destroyed.
The more things change, the more they may stay the same. ⬆
Unless IBM issues a statement (admission) to the media or issues WARN notices (in the US), the lousy media will simply assume - however wrongly - that nothing is happening and there's nothing to report
Any day that passes without European media and European politicians doing anything about it merely discredits the media and the EU (or national governments)
