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The Problem with Being Wealthy

I thought one of the advantages of ETFs was that you can buy the basket of securities that equal one "ETF unit" (I forget the correct term here), and then have them converted into ETF shares and vice versa. Is this the "special manual arrangement" you are mentioning?

Friday Outlook: Commodities, Global Markets

The San Francisco Chronicle had an article on Sunday about the lack of prosecutions and an assertion that this credit crisis is not real. The writer said that it's a deep recession from too much debt and too much debt-financed consumption but that the idea that it's because consumers and businesses can't borrow more is a lie devised by the banks to justify handing them a lot of money that they aren't going to lend to consumers and businesses anyway.

Check it out: www.sfgate.com/cgi-bin...