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

To: Oblomov who wrote (92623)	3/22/2008 1:16:28 AM
From: Elroy Jetson	Respond to of 110194

Perpetrating a stadium scam for the Rangers was how George W. made his money. A 2,360% return on his investment. Government graft is now capitalism - didn't you know that? I'd say you have to keep up with the times, except for the fact that this is as old as the hills. This sort of corruption greatly dismayed a retired George Washington, who noticed the second generation did not have the ideals of the founding fathers, only what is in it for me. For that matter it bothered Pliny the Younger as well, ca 113. If you have a connection to Comrade McCain, Obama or Clinton, you'll be rich - just as connections to comrade Reagan made many fortunes. .

To: Oblomov who wrote (92623)	3/22/2008 2:48:42 PM
From: benwood	Read Replies (1) \| Respond to of 110194

Very true! An example -- Seattle has purchased perhaps 750 million in bonds (cost... 2.5 billion over time?) for Qwest Field and Safeco Field. And now the Seattle Supersonics want to escape town unless another 250 million or so heads their way (and they received about 100 million just 10 or so years ago on a big renovation of their arena). It's all coercive and leads to player and team wealth almost beyond belief compared to when I was a kid. A truly amazing disconnect in our society. A study in Minneapolis after their new stadium went in showed that the entire arts world suffered from the monetary drain in the years afterward.