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Post by blueneck on Sept 29, 2007 15:20:24 GMT -6
If you get a chance check out the recent interview with Vanguard's John Bogle. Bogle is a frequent critic of corporate excess, the war in Iraq and in particular its costs to the taxpayer, budget and trade deficits, and is concerned of the shift from being an economy that produces to one that merely shifts money around. He also criticises the short term thinking on walll street and its negative effects on main street. www.pbs.org/moyers/journal/09282007/profile.html
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Post by graybeard on Sept 29, 2007 21:49:17 GMT -6
Tivo automatically records Moyers for me. I got a lot out of that interview. Financial machinations are costing Americans $560 Billion a year, he said; at least ten times what it should. Management is ripping off the employees and shareholders, and the fox is guarding the hen house.
GB
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