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  1. Confidence and Delusion Part IV

    by , April 12th, 2012 at 02:50 PM (Rob Garbin's Blog)
    Risk continued

    I hinted at the main issue with risk in our economy, but did not specifically say it or explain the true consequences. The truth is that every economic venture has a risk that someone must bear. The true consequence of this statement results when risk is not shared fairly. Basically, if the creators of a venture do not share in the risk, then someone else does. The bailout of Wall Street is a perfect example of the situation. Most of the major players in the risky ...
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