In the late 90's and early 2000's where corporate greed ran rampant. The Ceos of Enron, Adelphi, Tyco and MCI were considered monsters. How could they? How could they loot their own company and raid the 401k's of their employees that planned to retire on their hard earned savings? Even Martha Stuart was caught in the web for unloading unvalued stocks and went to jail for it.
Now this, our banks are going belly up left and right due to bad investments, or they blame the glut of defaulted loans on bad mortgages.
Week after week a new bank is going up in smoke, the biggest shocker were the once considered bed rocks of the financial market, Lehman Brothers, a 158 year old financial investment Bank and Merrill Lynch was one of the world's leading financial management and advisory companies, providing financial advice and investment banking services. NOT ANYMORE!!! Just today, Washington Mutual bit the dust, bought by JP MORGAN CHASE.
Where are the People's bail out money for GREEDY CEO's that thought the party was never going to end, and they get to walk away with their ceo packages worth millions and still travel in their private jets and vacation in FIJI.
I have a financial headache. Let me take two pills called Bailout and call me in the morning.
Every time I hear that crap in the news I think of the movie Wall Street
Wall Street features Charlie Sheen as a young stockbroker desperate to succeed and a wealthy but unscrupulous corporate raider Michael Douglas whom he idolizes.
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