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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (363666)12/19/2007 4:09:33 PM
From: tejek  Read Replies (1) of 1574878
 
I've should have known. What's particularly disgusting is how Wall Street pawned this garbage off on the states. Wall Street definitely needs more regulation. While the states are getting burned, Goldman Sachs will have a bonus and earning pool of $20 billion in 2007.

It's pretty amazing how Lehman (and probably others) dumped the subprime stuff on the states as it was crashing. Just had to find someone stupid enough to buy it I guess.


As stupid as it was for the states to buy subprime, what does it say about Lehman et al who sold it to them? After all, Lehman is a respected firm on Wall Street. Lehman et al are whores to money and seem to care little about their reputations.
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