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To: X Y Zebra who wrote (188415)	3/4/2009 10:35:30 PM
From: James Hutton	Read Replies (1) \| Respond to of 306849

"however, there are other black clouds in this economy that have nothing to do with derivatives." I wasn't addressing all of the problems. Derivatives seem to have been the accelerant once all of the other crap was piled on. Agree with your other points, but not insane tort law. It's the same tort law that's been around for centuries. The only real insanity in tort law are most of the asbestos cases (and that's being changed for the better in some states). The insurance companies and the republican party successfully won the issue by shouting the loudest. "Tort reform" in many states has swung the pendulum way back to the right.

To: X Y Zebra who wrote (188415)	3/4/2009 10:53:33 PM
From: neolib	Read Replies (1) \| Respond to of 306849

who is Jon Galt anyone? He was a captain of industry in a work of fiction. In real life, the captains of industry were: Joseph Cassano Angelo Mozila Stan O'Neil & John Thane Richard Fuld James Cayne/Alan Schwartz Bernard Madoff Allen Stanford ....