> Jim, > > They may have fortunes that stemmed from the oil business, > but as President and Vice-President, their investments are > put into blind trusts, Bush and Cheney have no idea what > their money is currently invested in. Just like Al > Greenspan. Imagine if Greenspan knew their was going to back > economic news, he could call up his broker and short the hell > out of the market and make a fortune, hence the blind trust.
Granted, but if you spent your life in an industry and made a lot of money from it you might, I assume: 1) Hold a "soft spot" for that industry. If placed in a position of power you might (perhaps even subconciously) performs acts that would foster that industry that treated you so well. 2) Have a lot of friends in that industry - perhaps some (or many) that contributed to your attainment of power. You might (again, perhaps only subconsciously) attempt to create a beneficial environment for that industry and those members of it that helped you over the years. 3) Considering both your wealth and your increasing polictical power many of your friends and family may have invested in the industry you know so well. Again you might foster that industry so that their investments will pay off. 4) Although your personal holding may be in trust at the moment they won't be forever. You would know that once you stepped down you would have control of your portfolio again. You might want to direct things, then, while in power so that after you leave things are more to your financial liking. 5) You may, as many people are, be somewhat blinded by your experience in that one industry. You might feel more "comfortable" fostering and supporting that industry since it might be assumed that you have some confidence in it. 6) You might hold a latent resentment for competing industries and use your polictical power to hinder their advance. 7) There may simply be an "inertia" to your decisions: you've fought and worked in that industry for years, perhaps decades and old habits die hard. The fact that they are not activily investing at the moment doesn't dull the point in my opinion. Jim Davis ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Archives: http://www.houseoffusion.com/cf_lists/index.cfm?forumid=5 Subscription: http://www.houseoffusion.com/cf_lists/index.cfm?method=subscribe&forumid=5 Your ad could be here. Monies from ads go to support these lists and provide more resources for the community. http://www.fusionauthority.com/ads.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
