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Re: [Pen-l] Re: financial melt-down
- To: "Progressive Economics" <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] Re: financial melt-down
- From: "Jim Devine" <jdevine03@xxxxxxxxx>
- Date: Thu, 18 Sep 2008 12:40:13 -0700
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Marvelous Max wrote:
> In addition to Fr Devine, I think it's political and legal.
> Bonds get to stand in line in front of stocks by contract,
> and the bond market is much bigger than the stock market.
that's true, but rich people are more likely to own stocks than bonds
and they have disproportionate political power.
--
Jim Devine / "Nobody told me there'd be days like these / Strange days
indeed -- most peculiar, mama." -- JL.
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