07/24/02: I'm surprised there hasn't been a major scandal in the US

Posted By: scobie_beasley


involving insurance firms or pension fund managers.

Both industries have elements of pyramid schemes. You can cream off money today because the liabilities are in the future.

BTW T_M, I see Brad's still confused about the exact technical meaning of 'buy' & 'sell' with regard to the sharemarket.

It must have been quality coke.


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