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You'd worked hard and been able to put money into a loan that helped inflate the perceived value of a tranche of paper against the derivatives purchased by a Bahamian SIV and hedged with CDSs issued by companies that had no assets to pay in case of default, all wrapped through some tax avoidance fronts in Antigua?  That would be a real social value.
by rootless2 on Fri May 8th, 2009 at 08:33:54 AM EST
to tolerate the pain in my mind of knowing that I'd be doing such a socially pointless work... ;)

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Fri May 8th, 2009 at 08:53:45 AM EST
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i believe that was the point of such efforts. The lower marginal tax rates provide an incentive.
by rootless2 on Fri May 8th, 2009 at 09:17:53 AM EST
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i hear that...

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
by melo (melometa4(at)gmail.com) on Fri May 8th, 2009 at 09:49:47 AM EST
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