The title line ( hobbled by losing bets on mortgages) is from an article I am reading this morning about the failing economy- in particular the seizure and sale of WaMu by the Feds. Does anybody else find that line just a little disturbing?
In that kind of light the government definately should NOT be giving anybody a bailout, except maybe the people who are loosing their shirts because of their financial advisor deciding to BET with other peoples money. What a freakin crock-a-pooey.
The last time I saw information about investments it was "come inviset your money with us; we are STRONG, and SOLID, and don't throw away your money" But the last time I saw niformation about betting it was "Do you need help with your addiction? have you or someone dear to you lost everything? etc..." The second largest investment bank in the US cannot rightfully justify what happened, so how did they let it?
Freakin idiots, How come I can't get a decent job, but these guys are sitting in their pearl towers? How is that possible?
-g
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