Comments on: Bear Stearns Too Big to Fail?

By: moondancer

moondancer — Tue, 27 May 2008 23:11:52 +0000

Evidently they(Stearns) are indeed symptomatic. By correct accounting standards all the major banks are insolvent. Bankrupt to you and me. Even as they were being wheeled to the morgue they managed to pass around the remaining cash as bonuses. An extension of the bushco policy of reverse Robin Hood to coin a phrase. Stearns was one of the worse. I knew a lot of traders at Bear Stearns. The place had the feel and energy of a gambling parlor.
Personally I think Jimmy Cayne(I know him) and his ilk need to be stripped of a large portion of their wealth. It is looted money, allowed by obscene deregulation by the idiot that pretends to govern.

By: ajm8127

ajm8127 — Wed, 21 May 2008 11:07:49 +0000

We all know that this country likes to be reactive rather than proactive. We can't even get our medical insurance companies to pay for preemptive treatments that may increase our quality of life, and lower our medical insurance liability in the future. Hell, preventative medicines are difficult enough to get sometimes. I don't know much about government regulations in the economy, but it was someone's watch, and I think someone should be held accountable. Although, you could probably charge most people in the current administration with crimes if they were in the private sector, or at least they would be fired for failing to do their job properly. I can't wait until January 20th.

By: moondancer

moondancer — Wed, 31 Dec 1969 19:00:00 +0000

By: ajm8127

ajm8127 — Wed, 31 Dec 1969 19:00:00 +0000

We all know that this country likes to be reactive rather than proactive. We can’t even get our medical insurance companies to pay for preemptive treatments that may increase our quality of life, and lower our medical insurance liability in the future. Hell, preventative medicines are difficult enough to get sometimes. I don’t know much about government regulations in the economy, but it was someone’s watch, and I think someone should be held accountable. Although, you could probably charge most people in the current administration with crimes if they were in the private sector, or at least they would be fired for failing to do their job properly. I can’t wait until January 20th.