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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (33362)	1/27/2009 7:17:12 PM
From: Madharry	Respond to of 78652

I read some statistic somewhere that said despite the clear mismanagement of many banks and financial institutions around 86% of the most senior executives continue to remain on the payroll earning their lovely salaries and perks. In my opinion Geithner is part of the problem and i dont see him as being part of the solution. I dont recall him ever being someone who was concerned about derivatives, the manner in which mortgage lending was being conducted, leverage of the investment banks, the conduits, or the lack of regulation. Aside from being a tax cheat I dont understand what qualifies him to be Secretary of the Treasury. I am frustrated and disappointed with that important appointment and pretty amazed that he got confirmed. BWDIK. My guess is that these older guys got caught and couldnt just admit to their clients that they were incompetent money managers . They had spent decades earning peoples respect in the community and tried to hold onto it as long as they possibly could. its also possible that there's lots more problems that will surface over the next couple of years as lots of these hedgefunds have investments in private companies, just like the bdc-s and we dont really know if they are being valued properly or not. its just a shot in the dark really.