Too Big to Fail and Exec Compensation: Inextricably Linked
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Even if it could be shown that maximum societal wealth creation necessitated the gross income anomalies that we have seen and that some continue to champion, even on practical grounds it would be a bad idea. Do we want to live in a society where the prevailing ethos is social Darwinism, borrowed whole hog from those who think that untramelled economic Darwinism is a model for real life. No gated community is protected enough to permit the ultra winners from truly benefitting from those willing to act on the basis that the concept of the "social contract" is not yet dead.
How Will Payday Lenders Be Affected by New Bill in Congress? [View article]
I started reading this article and went back to the top expecting to find an ironic reference to Jonathan Swift. No luck. To my amazement, as I read the rest of the article, I found no humor. He is serious. Let me thus add a modest proposal. As long as one is going to use a predatory lender, consider your local loan shark. He provides 24/7 service, and is willing to come to you for repayment . He provides that all important personal touch to insure that your contracted debt is repaid on time. And his profits are recycled locally thus aiding the local economy.
Someone who has the insight to figure out what stock is overpriced can just as well buy puts, or short calls. The absence of short sellers ruins one side of the game for those who wish to entice momentum players to follow their lead. Real investment does not need short sales.
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