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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (71934)10/13/2006 3:05:26 PM
From: R.B.G.  Read Replies (1) | Respond to of 110194
 
"socializing risk but privatizing profits.

I believe James Grant coined that phrase. I recall him using it in his book The Trouble with Prosperity, which was published quite a few years ago.



To: benwood who wrote (71934)10/13/2006 4:58:22 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 110194
 
In other words socialism for the rich and powerful along side harsh capitalist discipline for the masses

Marx must be rolling over in his grave.


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