Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Instead of despair, practical solutions to the Euro crisis | 300 comments (300 topical, editorial, 0 hidden)
Re: Instead of despair (none / 1)
A wealthy friend of mine, who started his financial empire in college playing penny poker, told me that the entire trick is to gamble with other people's money. Set up your company, pay yourself a salary, and then if the gamble fails your money is still intact.

So the bankers will not be personally "taking a haircut," it will be the owners of the bank shares.

by asdf on Mon Sep 12th, 2011 at 11:41:58 AM EST
[ Parent ]

Others have rated this comment as follows:

melo 4

Instead of despair, practical solutions to the Euro crisis | 300 comments (300 topical, 0 editorial, 0 hidden)
Display: