bubble

[Rakesh Bhandari]

But Charles that Floyd Norris report did not cite any actual tampering with
the books. Conflicts of interest are inevitable given portfolio
diversification of the top accts. Big deal.  And so what if the profits are
being cooked up? The profit illusion only makes it easier for foreign
private investors to come to terms with the fact that they have no better
place to go and for foreign governments from facing up to their actual
powerlessness since the govt of the lone superpower would force them to
invest here anyway. So even if there is massive accounting fraud, everyone
is going to look the other way. In whose interest is it to expose and solve
the problem? Everyone wants to believe; and hopefully things that are
believed to be real may turn out be real in their consequences.  To be on
the safe side, let's keep social security funds out of the market, though,
ok?

Yours, Rakesh