The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
Tuesday, April 21, 2009
Haircut 100
BIS Committee on the Global Financial System estimated typical haircuts on debt securities. Note CDO haircuts, April 07 v. Aug 09:
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.