On Fri, Sep 19, 2008 at 7:05 AM, Jim Devine
<jdevine03@xxxxxxxxx> wrote:
the US government is now talking about buying up all the banks' toxic
debt (sort of paralleling the Resolution Trust folks' actions at the
end of the S&L melt-down) and the finance community is going wild with
happiness. There's some talk that the government will actually make a
profit on the deal! However:
Is this the first time in the history of financial bubbles that no one went to jail? Not even a token scapegoat like Ken Lay or Jeff Skilling?
-raghu.
--
The meek shall inherit the earth, if that's OK with you.