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Toledo Talk   (musing about Lake Erie West and beyond)
From charlatan's workspace   

In the four years leading up to the credit crunch Wall Street’s big banks paid themselves $250 billion in bonuses. It didn’t seem to matter to anyone that the source of the wealth was largely a swindle… that real profits would never be

http://www.contrarianprofits.com/articles/expect-only-a-dead-cat-bounce-from-financials/4123

Well when the banks die, it's not like they can take that cash with them. This is perfectly rational well-intentioned efficient counterproductive behavior.

created by charlatan on Jul 30, 2008 at 01:52:52 am     Comments: 0

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