By Dan Ferris in the S&A Digest:

Billionaire financier Wilbur Ross apparently doesn't think the new [financial crisis responsibility] tax goes far enough.

He wants a new "cash for clunkers" stimulus program for the auto industry. Ross is the chairman of International Automotive Components Group, a supplier of automobile interiors, which Ross cobbled together in his usual fashion by purchasing divisions of troubled parts companies like Lear Corporation and Collins & Aikman.

So a new cash for clunkers program would put money in his pockets.

It's getting harder and harder for me to quote billionaires as sources of wisdom.

They've won in a corrupt system, and instead of using their substantial influence to correct the system's abuses, they seem determined to entrench themselves deeper. Is there not an honest man anywhere among the world's billionaires?

I'm not saying there isn't one, only that I can't name one off the top of my head...

Crux Note: This is just one of the many ways the market is rigged against the average investor, and a big reason why most people always lose in stocks. But Dan Ferris says there is one advantage the individual investor has over all the big money managers, and in his latest issue of Extreme Value he details the five ways to use this strategy to level the playing field and make bigger returns. To get access to Extreme Value and learn more, click here...

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