User 157527

WaMu Lowers the Bar for Execs

That is outrageous. People who should be fired are getting encouraged to do even worse. They are just begging for Dems to win and go left. There is already a talk about legislating executive compensation policies.

As Credit Lines Dry Up, Homeowners in Withdrawal

I understand that rising CC rates is increasing bank's margin, but it seem to me that it also drives their borrowers deeper into a hole which increases their risk. Shooting oneself into a foot is appallingly bad risk management IMO.

Bank of America Asks Congress for a $739 Billion Bailout: Who's to Blame?

prfssr - right on! I completely agree. Governments should get out of subsidizing and bailing out. Let the market work. Banks, and other business should learn to manage greed/fear/exposure ratios which is what management is all about (not to be confused with leadership).

Weak are looking for someone to assign a blame - Strong look at a mirror.