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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (192239)3/20/2009 6:18:52 PM
From: geode00Read Replies (1) | Respond to of 306849
 
IMO you don't need really smart people at insurance companies and banks, you need smart people (there are lots of them) who are HONEST and UPSTANDING and can do a good day's work without gambling with OPMs.

If people are so smart, why are we bailing them out?

If people are so smart, why didn't their models pinpoint their risky behavior and adjust it accordingly?

It isn't rocket science, it's banking. Take money in, loan money out and make a little bit for your troubles. How hard is that?



To: stockman_scott who wrote (192239)3/20/2009 6:21:57 PM
From: geode00Read Replies (3) | Respond to of 306849
 
The 90% tax rate was pretty funny but it was a STUNT in the midst of unbelievable outrage. The bigger point IMO is the admission that AIG could have been put into receivership and been liquidated without causing the system to implode.

That is a huge issue.


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