Wayne Allyn Root's Blog

Derek - agree conceptually, but I think the question should be asked - 'how many?'. For example, apparently there were over half a million(!) real estate agents in CA at the top of the boom -


i doubt anyone would argue they didn't do work.. or provide value to buyers and sellers on an individual basis. But in the end, in aggregate, they effectively assisted in massive and fraudulent wealth transfer operation. And that's just CA real estate. The huge amount of credit the fed created caused a financial services bubble where millions of people are suddenly needed to help manage all the new money.

yeah, they all worked hard and now they're getting laid off. Just like the dotcom'ers before them.

stop the Fed!