On Sun, 10 May 2009 20:48:09 -0700, "John R. Carroll"
wrote:
snip
John Boggle spells this out in one of his books but you can search
Charlierose.com for an interview that is illuminating.
Basically, the money disappeared as fees, commisions, bonus pools, corporate
perks and so forth.
snip
Probably "The Battle for the Soul of Capitalism." That's the
how.

My question is *WHERE* is this money going. It's not easy to
hide that much money [c. 600 billion per year], and somewhere the
vaults must be bulging, the Maybach sales booming, chalet prices
soaring, etc.


Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).