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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (18920)	3/22/2009 3:50:50 PM
From: LLCF	2 Recommendations Respond to of 71456

Not that AIG isn't a problem, it's certainly outrageous... BUT really this has been going on all along, it's just that the government wasn't hosed so badly, it was shareholders (still the public, sadly). For example, Bear Stearns and Lehman Bros paid out Billions and Billions to employees rolling the dice for a decades... BIG bonus' for 10 to 15 years. So? Well, since the shareholders were wiped out, in reality THERE WERE NEVER ANY EARNINGS. The companies just kept adding and adding to their portfolio sizes. So if a company's balance sheet explodes along with "earnings"... who's making the money? Answer: NOBODY Interestingly FNM and FRE did the same thing, although at least they didn't pay massive bonus schemes. All these banks paid out billions and billions of shareholder money for "bonuses" over a decade or more of looting. Nothing new here. Anyone wondering why JP Morgan (aka the derivative king) is still trading @ $23 dollars instead of .23?? I am. DAK