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Unformatted text preview: Gregory Paulson wrote a book about these type of things titled, The Greatest Trade ever made. Mr. Smuckers talked about the book and related it to his speech. Our markets have become games of speculation and betting instead of investing. He asked is this is legal and or ethicalthat was up to us to decide. As a result of this type of market behavior, AIG has to be bailed out by the government using OUR tax dollars. The market needs to change its mentality of a quick fix, large transaction, large trade market. He does not think that we will experience a double dip, as the economy is showing positive signsbut he did say that this type of speculation needs to stop. This was the most interesting thing I took out of Mr. Smuckers presentation. It was very insightful and generally easy for a college student such as myself to follow....
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This note was uploaded on 01/31/2012 for the course ACC 361 taught by Professor Eighme during the Fall '10 term at Miami University.
- Fall '10