Saturday, March 21, 2009

SOMEBODY TAKE BACK BECKER'S NOBEL

and do something about his sidekick Murphy. They have been "Hooverized" and therefore can't grasp simple economic facts. Instead, they write nonsense like:
The people who made mistakes lost, and many lost big.

Here's a little more reality:
Initially, at least, the revenues were enormous: AIGFP's returns went from $737 million in 1999 to $3.2 billion in 2005. Over the past seven years, the subsidiary's 400 employees were paid a total of $3.5 billion; Cassano himself pocketed at least $280 million in compensation.

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