They did not belong in the business to start with as described in the Alpha article. It is the typical misuse of the fiduciary responsibility of using the cash balances and cash flow to make extra income based on the greed factor of "yield". THe used the triple aaa ratings as an excuse to throw the money around. tthe officers and board would not have done it if the had to sign personally. Other peoples money like in the movies with Danny Divito.
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of using the cash balances and cash flow to make extra income
based on the greed factor of "yield". THe used the triple aaa ratings
as an excuse to throw the money around. tthe officers and board
would not have done it if the had to sign personally. Other peoples money like in the movies with Danny Divito.