Thursday, September 18, 2008

A confederacy of Dunces

A confederacy of Dunces - And we the taxpayers get screwed.

In 2004, the SEC exempted five firms from required capital/debt ratio regulations.

They are: Bear Sterns, Lehman Brothers, Merrill Lynch, Morgan Stanley, and Goldman Sachs.

Thank you George W. Bush Administration.

You Suck.

2 comments:

Anonymous said...

I worked at three out of the five. And my former company has deep relationships with all but one: Bear Stearns.

The two companies that are doing the best, Goldman Sachs and Morgan Stanley, have the deepest connection with Red Hat.

Anonymous said...

But what a great book (C of D) and a good title here.
mike of reston