Friday, March 05, 2010

Hot Potato.

Editor,

Hot potato -- a game in which the loser is stuck holding a worthless piece of paper and has to pay the sharpie who passed it to him -- is now interpreted by so-called "masters of the universe" as "distributing risk."

If I have ten worthless pieces of paper and sell each one to a greedy sucker, am I "spreading risk" or am I engaging in fraud?

re: "A.I.G., Greece, and Who’s Next?" (3/5/2010)

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