Feb

27

"Introducing the Crony Capitalist Index"

Russ Sears adds:

One of the big lessons from the crisis was how correlated those in crony capitalism can be. Because the deception and corruption runs deep within all those in the same crony businesses.

AAA and highly rated corporations meant little. Their conjoined downfall was never within the realm of possibilities in all the models.It is interesting that those that did best were those able to see the fraud within or at least the log in their neighbors eye: versus those that, to the end thought their prior outperforming was due to their own brilliance and not undetected fraud and deception.

anonymous writes:

As high as is the ROI on crony capitalism (and I'm sure it's VERY high), it's probably even higher in other avenues of endeavor, such as for unions. Payoffs to unions under the current Administration have been phenomenal. It was also very high during the 1930s.


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