>>> Doug Henwood <dhenwood at panix.com> 11/07/99 12:14PM >>>
Enrique Diaz-Alvarez wrote:
>What I had in mind was Bank One merging with Goldman Sachs, say, then
>the ball falling on red when GS has bet the house on black, thus
>activating an FDIC bailout of the whole structure.
We already effectively have that. The Fed thought it important to bail out Long-Term Capital Management, meaning that the safety net extends even to hedge funds.
((((((((((((
Charles: Yea, effectively , isn't this another form of surplus-value ?
CB