To: rumrunner
Would collapse the banking industry.My thoughts, exactly when I heard this. (My deceased husband used to be an auditor for the Federal Home Loan Bank Board.) He could never tell me anything, but I thought "Oh, oh." when I heard this.
4 posted on
07/23/2002 5:17:24 PM PDT by
Salvation
To: Salvation
Why are banks involved with "derivatives"? I know nothing about them other than the fact that they are extremely volatile. Whatever happened to the conservative banker and why should we bail fools of this magnitude out? Is it because like Donald Trump, they are just too big to fail and go into bankruptcy like the average Joe? Why did they invest billions in bonds of WorldCom, advise Enron and other companies on how to hide debts, and allow scumbos like Jack Grubman to ride herd over their subsidiaries while paying such a clown $20 MILLION a YEAR!
79 posted on
07/23/2002 6:20:26 PM PDT by
laconic
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