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geezer in Paris:
I should have mentioned that many private equity funds and hedge funds seem to have found a common position to take---no limits on executive compensation, no regulation, or we won't play.
Blackmail, pure and simple.
Who has the strongest hand here? I don't think it's the speculators.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Carrie (migeru at eurotrib dot com) on Mon Mar 23rd, 2009 at 04:27:33 AM EST
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