14-01-2013, 07:42 PM
The volcker rule is trying to change that but not very successful from lobbying. The fact that banks can claim they are victims are alarming but not totally untrue: banks and shareholders were hurt, it was the individuals who took outsized leverage and risks that benefited. Their extreme capitalistic self interest tendencies ie Screw the rest mentality have to be curbed
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)