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bad bad abd good bad bad good bad bad and bad again
For those still surprised/angry/confused as to why government subsidies tend to end up in the accounts of those who are able to quantify risk and think more than five minutes into the future:
California’s electricity market “deregulation” (subsequently and shamelessly exploited by Enron et al) would have provided a good, third example.
well, i read it...
"Don't blame the John, blame the whore" seems to be the jist
("Don't blame wall street, blame Washington")
Whores don't subsidize bad ideas. To the extent that your analogy applies here, Wall St. is the whore (satisfying demand and doing what whores do), the government is the pimp and the public are the Johns who have traded a short term "fix" for empty pockets and a nasty disease.
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