lickety split

Read It and Weep for the USA

mpower: the institutions are not wealthy - they are insolvent. those who ran them in overdrive and for immediate benefit and without regard for their long term viability or for society in general are, by virtue of the expansive salaries and bonus reaped by them up to their collapse, wealthy.

oh and by the way kudos also to the IRS for shutting down and prosecuting the fraudulent tax shelters peddled by so called 'prestigous professional firms'.

Read It and Weep for the USA

it is the final wall street pump and dump - with the clamp down on corporate corruption and the fraudulent ipo's that would be engineered to zoom up 300% in one day, so that wall street insiders could dump their shares on an unsuscpecting public, wall street was left with one alternative - lobby gov't to allow for lax regulation, run their existing business to maximum leverage - collect the biggest bonuses possible, and then when the whole thing inevitably becomes unravelled, throw it all on the taxpayer's lap and get the country's credit rating downgraded. This has been a failure of democracy. Ladies and gents it is time for a strong leader who will lead the implementation of regulatory reforms that are RIGHT though perhaps NOT POPULAR with the power washington lobbists... wall street found a way to effect one last pump and dump... and NYC is in my view now starting to be viewed as one big boiler room.. time has come for final and definitive regulatory overhaul -

i will however give credit to bush for his corporate fraud task force - that and the dept. of justice have done a good job and did restore some faith in the system.