Tuesday, December 16, 2008

Liars, and Thieves, and Bears, Oh My.

So when we talk about the street setting prices and how analysts give thumbs up or down on companies performance are these the same thieves that leveraged money at a
40 to 1 rate? If that is true then these same thieves are still setting the boundaries and have the power to make or break companies simply on what they think. Why in the world would anyone listen to them!!! Also, where is the incentive to be prudent in the near term with money. The feds will bail liars, and thieves out no matter how corrupt and/or stupid and/or greedy they are.

I also think we should prosecute some of these folks (Madoff and such) for treason. Have they not put the country at risk? There must be punishment here or at least some sort of harsh deterrent so this doesn't happen again. Accountability, Accountability, and more Accountability. These people are economic terrorists and should be treated as such. They knew what they were doing, knew the risks and lied through their teeth. Mark Haines is right, bury your money in the backyard

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