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Comments on: No fiddling while Rome burns http://www.tvhe.co.nz/2008/12/19/no-fiddling-while-rome-burns/ The Visible Hand in Economics Sun, 21 Dec 2008 21:49:19 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Kimble http://www.tvhe.co.nz/2008/12/19/no-fiddling-while-rome-burns/#comment-5288 Sun, 21 Dec 2008 21:49:19 +0000 http://www.tvhe.co.nz/?p=2490#comment-5288 They are effectively selling their illiquid securities to their own employees at fire sale prices. The realised value of those securities looks low at the moment, but that only matters if they are priced correctly.

Their effective bonus could be very lucrative.

]]> By: John http://www.tvhe.co.nz/2008/12/19/no-fiddling-while-rome-burns/#comment-4857 Fri, 19 Dec 2008 04:31:57 +0000 http://www.tvhe.co.nz/?p=2490#comment-4857 You mean they are given the mortgage backed security over the (annual income $14000 per year) strawberry pickers $750,000 house?

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