Quote:
Originally Posted by Joe
It's just a "bottom up" crisis, right? Stupid people took out more than they could pay back and that's all there is to it.
I'm quite sure that after they have thier day in court, fiduciary trust - that cornerstone of the investing relationship - will be restored.
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you havent read a single word I've posted. Many, many factors contributed to the mess and CERTAIN INDIVIDUALS in VERY LARGE COMPANIES that have MAN, MANY, MANY business lines may have committed some type of fraud. You prosecute the individuals, not the industry. If you want to but into Wall St as scapegoats, go ahead. But realize you will miss some of the key lessons and ones that are not learned are doomed to be repeated. And it appears the savior Obama is buying into it too. By the way, may want to check the resume of the secretary of the treasury, I bet you'll find most of the names you are blaming on it.
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