Monday, 01 March 2010

The Land of Pimco

The past quarter century of "socialism for the rich" -- easy money booms and busts, privatize the profits, socialize the losses -- has been very good for some. Indeed, the centralization of wealth within the financial sector can lay to being one of the dominate social phenomena of our time. Tyler Durden at Zero Hedge maps it out:
Published in Malinvestments
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