Friday, April 4, 2008

What's wrong with Wall St.

I know I was ranting about insurance yesterday, but still this is insane how the government bails out Wall St. when it fails to insure itself against its majorly huge losses, yet leaves poor homeowners (soon to be homeless people) relatively in the dust with these janky sub-prime mortgages. (Fortune) What's wrong with Wall St. - and how to fix it; Bankers fell victim to their love of risk, leverage, and high pay. But after the government moves in to clean up the mess, things will be different

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