I hear Paulson, and then the Talking Heads ranting about how us regular people can’t understand what he’s talking about.

And I say, again, and again, that all this evil is rooted in the tax code and accounting rules, and until those two are radically simplified and made, oh, I don’t know, sane, magic money will be continued to be made by those who have the power and leverage over the Code and accounting rules, and real money will continue to be lost by the rest of us.

This is not rocket science.

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