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In addition to allowing the hands of 'their guys' on the money, it also ties the future pensions of the working/middle class to the financial markets. This is very useful in times of busts, when lucrative bailouts of high-power investors also benefits (to a much smaller degree) 'ordinary' people. The better to make more entities that are 'to big to fail'.
by someone (s0me1smail(a)gmail(d)com) on Wed May 21st, 2008 at 11:16:39 AM EST
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Not to mention that the high powered investors that are bailed out are mostly "their guys."  That is why I am taking the hit of inflation and leaving my paltry retirement savings in "cash."  Most investments promising reasonable yields are at risk for substantial haircuts, with the benefit accruing to those same underwater "high powered investors."

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed May 21st, 2008 at 12:50:58 PM EST
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