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  • Wall Street Breakfast: Must-Know News [View article]
    Of course they knew where the money was going, but didn't care as long as the lending made money and big bonuses short term. The only reason our banks are still standing is: money. The financial system needs them as a vehicle. If you were in a wrecked car in the desert and unable to walk away, you'd stay with it as it would be the only choice. That's our banks.
    May 06 08:41 am |Rating: +7 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Jim, you're right. Our great leaders don't know what to do so keep throwing our tax dollars at their cronies in charge of banks, motor companies and any other business that has wrecked itself through corporate excesses and has a big enough begging bowl to take the cash that Washington will cram into it.

    UBS is increasing pay to make up for lost bonuses, RBS (in the UK) is paying its last leader nearly a £1m per year pension at age 50 because he wrecked the bank and can't get another job! Whatever happened to cutting ones suit according to ones cloth? If our leaders can't manage money properly, what hope do we have?
    Mar 02 09:42 am |Rating: +10 0 |Link to Comment
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