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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (115937)9/25/2008 1:09:00 AM
From: Skeeter Bug  Respond to of 132070
 
i heard the "rest of the story" is that leverage is primarily to blame. i've heard ratios like 30-1.

let's see... company has $1, exec want $1. borrow 30-1 and make ~3% commission... voila... exec now has $1 in commissions as commissions equal entire holdings of company.

it works... until it doesn't. when it doesn't, all thos government bribes will pay off.

remember, we won't be paying the bushevics $500k + expenses for a luncheon talk after he leaves office.


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