deminks
(1000+ posts)
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Wed Mar-18-09 07:17 AM
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Enough with the laissez faire crap. |
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We know some of the perps: http://www.wired.com/techbiz/it/magazine/17-03/wp_quantRecipe for Disaster: The Formula That Killed Wall Street Joe Cassano: The Man Who Brought Down AIG? http://voices.washingtonpost.com/livecoverage/2008/10/joe_cassano_the_man_who_brough.htmlWe know the some of the weapons: CDS http://en.wikipedia.org/wiki/Credit_default_swapThe formula http://www.wired.com/techbiz/it/magazine/17-03/wp_quantCDO http://en.wikipedia.org/wiki/Collateralized_debt_obligationWe know the motive "Wall Street got Drunk" http://briefingroom.thehill.com/2008/07/22/bush-on-economy-wall-street-got-drunk/Now, I want: 1. Regulations on Wall Street, banks, derivatives, etc. 2. Indictments or: 1. Indictments 2. Regulations Take your pick, but do it now. Cut the crap on the bonuses, and letting the market police itself.
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TBF
(1000+ posts)
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Wed Mar-18-09 07:37 AM
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1. Why don't we cut the crap period? |
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Indictments, regulations, regulations, indictments, do you really think that will end it? They'll just find a way around and start anew.
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DU
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Mon Apr 29th 2024, 07:31 PM
Response to Original message |