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

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From: NOW	1/30/2008 4:11:40 PM
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"We start with the perception that USG, or Washcorp, is a problem. Its problem is that the interests Washcorp serves seem quite a good match for its own. They do not seem to match the interests of the residents of the territory Washcorp owns, central North America or Plainland. (Using these neutral names helps us separate ourselves from symbolic emotional attachments, which also serve Washcorp's interest.) The predictable result of this divergence in incentives is that Washcorp has become quite large, inefficient and intrusive. And it continues to grow. This bothers some of us. If it bothers you, please read on." unqualified-reservations.blogspot.com

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