Ronald. You are spot on. They played “hot potato(e)” and finally got burned. I dislike liars and what they were doing, IMO was lying.
Harry
Let the free market be what it is. Stop government meddling and interfering. That’s what got all this mess started. the market will weed out the bad and the strong will survive.
Ronald Walter
It has nothing to do with Wall Street ‘businessmen’ being overcompensated for making poor business decisions. None whatsoever. Lehman Brothers? Broke. Bear Stearns? Broke. Washington Mutual? Broke.
Wachovia? Darn near insolvent.
Wall Street is at the breaking point and in a crash mode. Hey, it’s a free market and it is free-falling. Too bad for them. So sad.
I can’t generate an ounce of sympathy for them. They’ve made their own bed, they can sleep in it.
Fact of the matter is that Wall Street banksters have done themselves in with their credit default swaps, structured investment vehicles, and outright fraudulent activity, ad infinitum.
They will have their plate of crow and humble pie for their just desserts.
However, it is better to scapegoat and finger point until the cows come home and completely ignore the reality.
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