Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
They were saying on CNBC that these "distraught trader" shots the media always comes up with are often posed photos, or else the person was upset about something unrelated.
The traders are sad because the repo guy just took the keys to the Porsche. It certainly couldn't be about the mortgage on their penthouse since their back-pocket banker buddies will surely refi that, after the government forgives the million dollar drop in principal.
Why are those AIG boondogglers not in jail? Surely one of the government's Ivy League attorneys can find some trumped-up reason to put them there. What about mail fraud? Maybe they made reservations by mail?
Hope still springs eternal, even in the land of (in)opportunity.
It's looking like none of the people in this subprime situation did anything that was technically outside the law, unfortunately.
Quote:
Originally Posted by goodbyehollywood
The traders are sad because the repo guy just took the keys to the Porsche. It certainly couldn't be about the mortgage on their penthouse since their back-pocket banker buddies will surely refi that, after the government forgives the million dollar drop in principal.
Why are those AIG boondogglers not in jail? Surely one of the government's Ivy League attorneys can find some trumped-up reason to put them there. What about mail fraud? Maybe they made reservations by mail?
Hope still springs eternal, even in the land of (in)opportunity.
Actually I heard from other non-Ivy League lawyers that the Ivy Grads do not do trial law
Not sure how much truth is in it
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Sad guys on trading floors
