Hedge fund fallout & Other Merry Weather

James Baird jlbaird3 at hotmail.com
Thu Oct 1 14:37:27 PDT 1998



>
>Oh, but there was systemic risk! If you're really rich & you fuck up,
you
>can take out enough innocent bystanders that the government just *has*
to
>step in, you see. With the less fortunate recipients of public welfare,
the
>morally debilitating effects of dependency are foregrounded.
>
>Doug
>

I seem to remember an old saw about high finance: "If you borrow $100,000 from a bank, the bank owns you. If you borrow $100,000,000, you own the bank..."

Jim Baird

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