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  1. Confidence and Delusion Part IV

    by , April 12th, 2012 at 01:50 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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  2. Not all of us

    by , November 2nd, 2011 at 03:27 AM (Rob Garbin's Blog)
    This one goes out to the rich. I know that not all of you subscribe to the extreme doctrines of the 1%, but I don't see you taking much of a stand against the tide, which may someday swamp you as well.

    Just like Americans feel Muslims need to stand up to the radical forces within their society, so do the rich need to stand up against the unbridled greed of their brethern. For those that understand that the current system is designed for short term profits at the cost of the long ...