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As a popular Russian comedian says, "What a country!" Where else in the world
could you so mismanage a $3.6 billion hedge fund to the point of not only
bankruptcy but endangering the stability of the world financial markets; have
the government come in and, instead of throwing you in jail, bail out your
losses; and then be in line at the end of the year for a $50 million bonus for
your performance. "What a country!"
Merry Christmas,
Joe Nemecek
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