tag:blogger.com,1999:blog-3276072416212541005.post5013949418926013787..comments2024-02-15T04:24:25.144-05:00Comments on Brown Man Thinking Hard: Wall Street And The Art Of The Big ConBrown Manhttp://www.blogger.com/profile/02544490126803327515noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3276072416212541005.post-79298600111724570992009-02-12T02:47:00.000-05:002009-02-12T02:47:00.000-05:00There's a crucial aspect of the cause of this mess...There's a crucial aspect of the cause of this mess that Obama's capsule explanation leaves out. It's one that reveals what obvious criminality was involved.<BR/><BR/>Respected executives in well-known, trusted banks made loans they knew very well were irresponsible, even dangerous, because they could — and knew they would — get rid of those loans just as fast as they could. They knew they would pass them on to others and that somewhere down the line, long after their own fingerprints had worn off, someone would wind up with horrendous losses.<BR/><BR/>It's a lot like some S.O.B pulling into town and selling bottles of Vodka out of the trunk of his car for $3, then speeding away for parts unknown right after making the last sale — and before anyone discovers the vodka was made with wood alcohol.<BR/><BR/>As it turns out, the ones suffering the horrendous losses are the nation's home buyers and taxpayers. Those respected bankers at well-known banks who did this should wind up in prison, just like a crook who sells poison to the unsuspecting.Anonymousnoreply@blogger.com