surprising? dudw is racist too. (never can find a qualified homie, wants to 
supposedlt bring    in...   f.'  lwb
 
- On Wed, 9/23/09, Jim Devine <[email protected]> wrote:


From: Jim Devine <[email protected]>
Subject: Re: [Pen-l] How Short Sellers Brought the Speculator Party to an End
To: "Progressive Economics" <[email protected]>
Date: Wednesday, September 23, 2009, 6:37 PM


raghu wrote:
> It is a bit surprising to see Dean Baker write in praise of
> speculators.

Dean's a bit of a contrarian, going against the conventional wisdom.
On this one, I'd agree: the Fed and the rest of the financial
establishment were the emperors, while the shorters were the kids
pointing to their unclad status. To mix clichés, the naked emperors
want to shoot the messengers.
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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