Courtesy of Jaime Falcon.
Woody Brock on the state of our capitalism: Under true capitalism, no agent has any bargaining power whatsoever. The notion of 4 investment bankers taking a private plane to Washington to make sure that leverage would be tripled in April 2004 in exchange for some nice payments, is outrageous and scandalous and they all should be in jail. Adam Smith wouldn’t roll in his grave; he would gyrate.
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