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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: NOW who wrote (14347)5/25/2004 6:30:30 AM
From: el_gaviero  Read Replies (1) of 110194
 
Tooearly,
Sorry, somehow I missed reading your post.

It seems to me that power has accumulated in Washington. People who learn to operate there can find ways to convert their experience into money.

I think that it is an interesting commentary on our times that every president, and even high level government person, can expect to cash out, through book deals, or by means of a lucrative position in some banking house. EVen Colin Powell, who seems like a fairly decent fellow, had an estate worth 27 million dollars when he went back into government in the year 2000. It was amassed by means of book deals and speaking engagements for huge stipends, I guess.

But I stick to my guns on power. You have to look around and see who is impinging on you, whether you want it or not --- that's where power lies.
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