yeah, i'm with mitch here.  what has been done here is pretty bad.  it tells
them exactly that, to bet it all on some high risk scheme.  or, worse, just
run more ponzi schemes.  let the petty drug criminals out of jail and put
the financiers in their place is a much better solultion.

On Tue, Nov 18, 2008 at 7:40 PM, Mitch Haley <[EMAIL PROTECTED]> wrote:

> Bill R wrote:
>
>> I'll have to go with Allen on this one.  Economics is not a zero sum game.
>> BillR
>>
>
> No, but government redistribution is a negative sum gain.
> Loss to serfs = gain to fat cats + slippage
>
> More important is the moral hazard inherent in telling powerful financial
> firms that if they take enormous risks and win they get the profits, and if
> they take enormous risks and lose the serfs will cover their losses, plus
> enough extra that they can still get their $50MM bonus check come December.
>
> Mitch.
>
>
>
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