Insuring Gamblers

There was once a wealthy father who said to his son, I don’t want you to gamble and to this end I will cover all your losses, but you can keep any of your winnings. How good a strategy was that? This is the strategy of the USA government toward the large, spoiled, corrupt financial corporations. It is also the strategy of investors toward their grossly over-compensated brokers.

~ Roedy (1948-02-04 age:69)