Monday, September 15, 2008

The fall of Lehman-Brothers and the stupidity of the so called financian geniuses of Wall Street

Lehman Brothers joined the other giants of wall street falling one after the other after the mortgage crisis, and yet, you think these rocket scientist geniuses of the financial markets will never make a mistake. What is the difference between these and every other Joe in the street then. They were taken by the same market exuberance in the mortgage markets and before that in the tech bubble like any other person. And yet, they keep rewarding themselves with seven figure bonuses and play these risky games with other people's money and each time it is the small shareholder and mortgage taker that has to pay the price.

Wall Street is all a sham, there is not an ounce of brain in that whole corner of the street in New York.

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