Quote:
Originally Posted by MS Fowler
Did I hear where Congress wants to put together an advisory group made up of the heads of the Wall Street financial companies and have them tell Congress how to work thru this financial crisis?
Wow! Talk about the foxes guarding the hen house? Weren't these the guys who got us into this mess. How about the CEO of Goldman Sachs and Lehrman ? Their companies failed--probably due to excessive leverage and insufficient capital--and they are going to advise us?
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Under Paulsen and Dubbers, that crowd advised the nation that they're supposed to be rich, rich, filthy rich, and if it looks like they're slipping in that category, govt. funds are needed to make things right.
The cart is before the horse and has been for some time. Witness the huge bonuses for mishandling companies.