UnKle AL

Wall Street Breakfast: Must-Know News

Let's put the blame for this fiasco where it rightly belongs-- at Alan Greenspan's doorstep. While he was in office he either allowed or personally devised many of these "creative" financial (no money required) instruments to function. As long as bankers were raping the public - that was O.K.-- but once they began passing the hot potato to each other then the game had to stop. Now Alan's running around saying "no-one could have foreseen this debacle". Such performance must have been sanctioned by the administration looking to stay in power. Will our "leaders (?)" also now allow the company officers responsible for promoting these schemes to go retire wealthy or will some of them finally be put in jail.

Just think of it this way--If you took all of the bank robberies that have occurred worldwide in the last 2000 yrs. the robbers would have taken less than 1% of what is now being taken from the public by these officials with their clouded transparencies and unethical actions -- proving once again that the pen is mightier than the sword !