Re: [OPE] The declining importance of stock markets

Hi Paul Z:

Thanks for the link. Oddly, there was no mention of leveraged buyouts
(LBOs) in this piece.

In solidarity, Jerry

PS: if you haven't seen it already, listmembers would probably enjoy
watching the made-for-TV movie "Barbarians at the Gate" (1993) starring
James Garner about the 1989 LBO of RJR Nabisco. Not to be missed in this
comic-drama is the section on the "Premier" smokeless cigarette, which
highlights the risks associated with R&D. It's available on 'youtube' in 7
parts. Part 1: http://www.youtube.com/watch?v=l7VhhrEuKWc

> 'Wall Street's Dead End'
>
> http://www.nytimes.com/2011/02/14/opinion/14Salmon.html?nl=todaysheadlines&emc=tha212
>
> This article suggests a developing return to 19th century capitalism of
> private market capitalism. I hadn't realized the magnitude of the change.
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Received on Mon Feb 14 09:12:26 2011