Wednesday, October 19, 2005

REFCO and Derivatives

The derivatives market has been wide open for 30 years. Refco was treading on thin ice and was hammered, sliced and diced like a chain saw to butter. Yet, the icebergs are looming. Where is the cure for the cool-aid? It isn't Congress, Sarbanes-Oxley hasn't done much has it? The SEC? They put a few mighty canary's to singing but are in remission. Bird flu seems to have center stage. And Bush's bumbling bunch of bureaucrats who want nothing more than to INCREASE taxes to pay for the massive increases in spending that this Administration has fostered on America won't even give FAIRTAX.ORG a cursory glance. Almost galling. Go ahead. Do some work on fairtax.org. Tell me what you think at thechippewafund@aol.com

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