Wall Street Executives Scored $3 Billion as Banks Rose and Fell

In 2005 when real estate values were flying off the map NOBODY was complaining. The vast majority of people who are in trouble used their home equity as an ATM machine.

Now that prices are coming back to earth the only evil doers are the wall street execs. Bullshit.

Everybody is guilty, from the mortage broker who sold the loan to people who couldn't pay for it, to the people who accepted taking such a stupid risk, to the whole mortgage industry for coming up with such incredibly stupid mortgage products and much more to the politicians who pressured and sponsored the "helping people own homes they wouldn't otherwise be able to afford programs, trying to be politically correct."

Blaming ONLY the execs is somewhat naive.
 
Quote from Humpy:

In the UK we used to have laws that required top executives to exercise their responsibilities with due care and attention. I think I'm right that it was called a fiduciary relationship with their clients and companies.
In this NEW climate of super greed all that seems not to exist in the USA and hardly remembered here. How very convenient. Before the WW2 such people went to jail and were stripped of their assets and rightly too imho

The super greedy people have nearly ruined the global financial system. No doubt they are busy covering their tracks, putting the blame elsewhere etc. and probably having a good laugh too

Anyone for another martini ?
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no not super greedy people, super greedy WHITE bastards.

but i wouldnt expect a racist brit to know that
 
Quote from poyayan:

Remember we selected those officials. So, we are guilty too.
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Yes, because us Americans have so many choices of who to vote for.

Give me a break.

It's crap vs crap sandwich. Take your pick.
 
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