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![]() If all this were easy there would not be so many
experts disagreeing on how to fix the problem. They still dont have a clear picture on exactly where some of these firms stand. Shareholders of these financial companies are also to blame. They ask the CEO's why a competitive investment bank is making more money. So the competent, reasoning CEO says our competition is making complex financial instruments that are very murky and hard to figure out, but the bottom line is they are building a house of cards, because everyone should own a home... You tell that to your shareholders when the competition is making money hand over fist and they fire you. These guys just hid numbers in complex packages and played top of the pyramid then got out. And oh yes... everyone should own a home, even if they cant afford it... remember? Last edited by pgardn : 09-25-2008 at 07:15 PM. |
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