barnburner

No Happy Ending for Auction Rate Securities Mess - Barron's

Well, maybe I paraphrased what sebiamo said.

No Happy Ending for Auction Rate Securities Mess - Barron's

sebiamo, great post. It really pisses me off to see these investment bank (an other) CEOs leave the company on the brink of bankruptcy and walk away with a golden parachute and a million dollar bonus. As you said, if we are going to be put in the position of having to bail these bastards out then the least that we can expect is oversight and regulation with teeth-like jail terms and restitution for the investor