Pauly B

Straight Talk from Warren Buffett

Greed infiltrated the banking system and ruined many parts of our communities. In the suburb next to me we have 600 homes abandoned and the city doesn't know who to contact let alone what to do with the mess. In my neighborhood we have 4 houses abandoned. There was zero regulation from the banking sector and from Wall Street. Instead of Cramer giving the George Bailey award for best banking we should be nominating a "Mr. Potter" award for ruining Bedford Falls! Unless there is a complete overhaul this likely will repeat itself. Where were the regulators and the rating agencies? I think they were in Mr Potters office figuring out how to scam the building and loan!.