Thanks to those of you who have sent well wishes.
Maybe it occurred to me to blog since I have to drive my mother-in-law to the airport in about 3 and half hours in the weehours of the morn and so clearly this was the key time to catch up on the news reading I have missed in the past week.
But here I emerge from a news vacuum to see that at least all is well with the super-rich, who have now shed themselves of the need even to invest their money in the grubby and oh-so-common markets open to the rest of the regulated, tax paying investors, the little people. Now the rich can get richer by creating their very own market, private, exclusive, and free of government oversight. The perfect recipe for greed and thievery to run rampant.
Nasdaq Gives High Rollers A Market Free Of Regulation - washingtonpost.comNasdaq is set to launch tomorrow what its executives are calling one of the most significant developments on Wall Street in decades -- a private stock market for super-wealthy investors.
Minimum requirement for traders: $100 million in assets.
Any private firm can list on Nasdaq's new platform, which is called the Portal Market, and raise money by selling stock to an elite group of shareholders. These companies would remain private and not have to make public their financial statements or submit to federal regulation, such as the Sarbanes-Oxley corporate accountability law.
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