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Old 04-28-2003, 04:14 PM   #29
Thorfinn
Zhentarim Guard
 

Join Date: February 24, 2003
Location: Indiana
Age: 61
Posts: 358
The severances are an oddity, IMO. Most CEOs could probably get far more in court. During the, um, New Economy, they were able to negotiate some fantastic deals, and anytime there is that much money involved, you will draw some phenomenal attorneys, who can find a precedent to justify anything.

Had we not had the extenuating circumstances of manipulation of the credit market via means like the Fed, it would have been literally impossible to have that kind of golden parachute, since the money simply did not exist. But anytime you have Fed created inflation, just as with counterfeiting, you greatly benefit those at the beginning of the money introduction cycle, to the detriment of those below, i.e., Fed induced inflation necessarily benefits the rich at the expense of the poor.
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