Must read column by Paul Krugman, see link below

Posted by Jim

This column is a great read particularly if you are among those of us who think The Masters of the Universe on Wall Street have pretty much made a mess of things. read this: http://www.nytimes.com/2009/04/27/opinion/27krugman.html?_r=2&em and you will be amused and disgusted. I too wonder what they did other than figure out of way to sell the same loaf of bread twenty times and take a fee each time. That is all the derivative marketplace was about.

Leave a Reply