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	<title>Comments on: Pay-to-play funds scandal: Time for a change</title>
	<atom:link href="http://blogs.reuters.com/reuters-dealzone/2009/04/17/pay-to-pay-funds-scandal-time-for-a-change/feed/" rel="self" type="application/rss+xml" />
	<link>http://blogs.reuters.com/reuters-dealzone/2009/04/17/pay-to-pay-funds-scandal-time-for-a-change/</link>
	<description>Behind the deals and deal-makers</description>
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		<title>By: Anubis</title>
		<link>http://blogs.reuters.com/reuters-dealzone/2009/04/17/pay-to-pay-funds-scandal-time-for-a-change/comment-page-1/#comment-341627</link>
		<dc:creator>Anubis</dc:creator>
		<pubDate>Sun, 19 Apr 2009 17:06:47 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/reuters-dealzone/?p=14640#comment-341627</guid>
		<description>You are all right. Treasury is a revolving door for Wallstreet administration after administration. I just see more Republican and Democratic retreads. Where is the change that our President promised?</description>
		<content:encoded><![CDATA[<p>You are all right. Treasury is a revolving door for Wallstreet administration after administration. I just see more Republican and Democratic retreads. Where is the change that our President promised?</p>
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		<title>By: Lefty Noonnan</title>
		<link>http://blogs.reuters.com/reuters-dealzone/2009/04/17/pay-to-pay-funds-scandal-time-for-a-change/comment-page-1/#comment-341623</link>
		<dc:creator>Lefty Noonnan</dc:creator>
		<pubDate>Sun, 19 Apr 2009 09:01:31 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/reuters-dealzone/?p=14640#comment-341623</guid>
		<description>Like it or not, I firmly believe we are part of the most gargantuan historical happening in the past 100, maybe 200 years.!

All dynasties must end - at some point.

The Roman Empire and, much more recently, the British Empire, both ended. Over the centuries, many other dynasties have risen, enjoyed and then fell.

The USA has dominated the world, particularly since the end of WW2.

Today, the standard of living of any society can be measured by the amount of energy consumed. With 6 to 7 % of the world&#039;s population, the US consumes 50% of the world&#039;s energy. Problem here is that the vast majority of this energy consumption is &quot;Easy life&quot; energy and not &quot;nuts and bolts&quot; energy, like steel making, auto production, chemical plants etc.

Lee Iacoca, warned in the 70&#039;s - &quot;The US better watch it or we will end up a nation of wall to wall hamburger stands!&quot; - Look around.

If the US can pull out of today&#039;s&#039; scenario and still rule the financial world, still have the highest standard of living in the world, I will believe the US can pull out of anything. 

I think not, I believe not. Standards of living are already deteriorating - very fast!

Hundreds of thousands of homes stand empty, while tens of thousands of families need homes!

The big three are on the verge of bankruptcy. Pensions and health care will be cut drastically - or worse, disappear! 

The US is printing and borrowing money at record paces - where will the production come from to pay all this back? It will come from the backs of the citizens - in the form of a greatly reduced standard of living.

No, I am not a pessimist - just a realist.</description>
		<content:encoded><![CDATA[<p>Like it or not, I firmly believe we are part of the most gargantuan historical happening in the past 100, maybe 200 years.!</p>
<p>All dynasties must end &#8211; at some point.</p>
<p>The Roman Empire and, much more recently, the British Empire, both ended. Over the centuries, many other dynasties have risen, enjoyed and then fell.</p>
<p>The USA has dominated the world, particularly since the end of WW2.</p>
<p>Today, the standard of living of any society can be measured by the amount of energy consumed. With 6 to 7 % of the world&#8217;s population, the US consumes 50% of the world&#8217;s energy. Problem here is that the vast majority of this energy consumption is &#8220;Easy life&#8221; energy and not &#8220;nuts and bolts&#8221; energy, like steel making, auto production, chemical plants etc.</p>
<p>Lee Iacoca, warned in the 70&#8242;s &#8211; &#8220;The US better watch it or we will end up a nation of wall to wall hamburger stands!&#8221; &#8211; Look around.</p>
<p>If the US can pull out of today&#8217;s&#8217; scenario and still rule the financial world, still have the highest standard of living in the world, I will believe the US can pull out of anything. </p>
<p>I think not, I believe not. Standards of living are already deteriorating &#8211; very fast!</p>
<p>Hundreds of thousands of homes stand empty, while tens of thousands of families need homes!</p>
<p>The big three are on the verge of bankruptcy. Pensions and health care will be cut drastically &#8211; or worse, disappear! </p>
<p>The US is printing and borrowing money at record paces &#8211; where will the production come from to pay all this back? It will come from the backs of the citizens &#8211; in the form of a greatly reduced standard of living.</p>
<p>No, I am not a pessimist &#8211; just a realist.</p>
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		<title>By: Troy</title>
		<link>http://blogs.reuters.com/reuters-dealzone/2009/04/17/pay-to-pay-funds-scandal-time-for-a-change/comment-page-1/#comment-341616</link>
		<dc:creator>Troy</dc:creator>
		<pubDate>Sat, 18 Apr 2009 22:49:27 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/reuters-dealzone/?p=14640#comment-341616</guid>
		<description>John G,
Could you explain &quot;Milton Friedman Free Market&quot; dogma to me?</description>
		<content:encoded><![CDATA[<p>John G,<br />
Could you explain &#8220;Milton Friedman Free Market&#8221; dogma to me?</p>
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		<title>By: John G</title>
		<link>http://blogs.reuters.com/reuters-dealzone/2009/04/17/pay-to-pay-funds-scandal-time-for-a-change/comment-page-1/#comment-341608</link>
		<dc:creator>John G</dc:creator>
		<pubDate>Sat, 18 Apr 2009 09:07:09 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/reuters-dealzone/?p=14640#comment-341608</guid>
		<description>I&#039;m with you Hilary Smith,

I voted for Obama, as the lesser of two evils, and thought &quot;well, if he walks the walk instead of just talking the talk&quot;, just maybe there is a chance America can be saved yet.

But it looks more and more like Washington is the same old Wall Street suits with a different set of names and faces, but Wall Street Suits just the same.

This is what we get, when some 30 years ago,  we put a bunch of Wall Street investment bankers with their &quot;Milton Friedman Free Market&quot; dogma and their unhealthy fixation on next quarters profit and bonus, in charge of the planning for the long-term financial health of this country.

&quot;Free Market&quot; my arse! This market has been captured, shackled and imprisoned by Wall Street and their Global Corporate partners many, many years ago. That my friend is why they are bailed out and you are/will be thrown to the dogs. And to think that these same monstrous corporations have been granted the rights of American citizenship is truly sickening. They&#039;ve cut our throats and now will sell our blood to the highest foreign bidder.</description>
		<content:encoded><![CDATA[<p>I&#8217;m with you Hilary Smith,</p>
<p>I voted for Obama, as the lesser of two evils, and thought &#8220;well, if he walks the walk instead of just talking the talk&#8221;, just maybe there is a chance America can be saved yet.</p>
<p>But it looks more and more like Washington is the same old Wall Street suits with a different set of names and faces, but Wall Street Suits just the same.</p>
<p>This is what we get, when some 30 years ago,  we put a bunch of Wall Street investment bankers with their &#8220;Milton Friedman Free Market&#8221; dogma and their unhealthy fixation on next quarters profit and bonus, in charge of the planning for the long-term financial health of this country.</p>
<p>&#8220;Free Market&#8221; my arse! This market has been captured, shackled and imprisoned by Wall Street and their Global Corporate partners many, many years ago. That my friend is why they are bailed out and you are/will be thrown to the dogs. And to think that these same monstrous corporations have been granted the rights of American citizenship is truly sickening. They&#8217;ve cut our throats and now will sell our blood to the highest foreign bidder.</p>
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		<title>By: Hilary Smith</title>
		<link>http://blogs.reuters.com/reuters-dealzone/2009/04/17/pay-to-pay-funds-scandal-time-for-a-change/comment-page-1/#comment-341604</link>
		<dc:creator>Hilary Smith</dc:creator>
		<pubDate>Sat, 18 Apr 2009 01:57:39 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/reuters-dealzone/?p=14640#comment-341604</guid>
		<description>With all of the financial scandals we&#039;ve endured over the last year I&#039;m curious to know why Bernie Madoff is the only guy in jail. I voted/volunteered/donated to Obama but every time he appoints a good-old-boy to a position of power he loses credibility in my eyes.</description>
		<content:encoded><![CDATA[<p>With all of the financial scandals we&#8217;ve endured over the last year I&#8217;m curious to know why Bernie Madoff is the only guy in jail. I voted/volunteered/donated to Obama but every time he appoints a good-old-boy to a position of power he loses credibility in my eyes.</p>
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		<title>By: Nathan</title>
		<link>http://blogs.reuters.com/reuters-dealzone/2009/04/17/pay-to-pay-funds-scandal-time-for-a-change/comment-page-1/#comment-341602</link>
		<dc:creator>Nathan</dc:creator>
		<pubDate>Fri, 17 Apr 2009 22:14:29 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/reuters-dealzone/?p=14640#comment-341602</guid>
		<description>Yes, but why would the finders allow such a system to come into place? This is the problem with perverse incentives applied to people with power to change the system.</description>
		<content:encoded><![CDATA[<p>Yes, but why would the finders allow such a system to come into place? This is the problem with perverse incentives applied to people with power to change the system.</p>
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		<title>By: rbsjr</title>
		<link>http://blogs.reuters.com/reuters-dealzone/2009/04/17/pay-to-pay-funds-scandal-time-for-a-change/comment-page-1/#comment-341598</link>
		<dc:creator>rbsjr</dc:creator>
		<pubDate>Fri, 17 Apr 2009 19:45:58 +0000</pubDate>
		<guid isPermaLink="false">http://blogs.reuters.com/reuters-dealzone/?p=14640#comment-341598</guid>
		<description>How do we know the finders are not splitting fees with the pension fund investment staff?</description>
		<content:encoded><![CDATA[<p>How do we know the finders are not splitting fees with the pension fund investment staff?</p>
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