Yet another story here of Wall Street's
buyer's remorse with Barack Obama. I'm not a big fan of demonizing entire industries--especially an industry as important as the financial industry--but the move to the left (in a big way) by these guys in 2008 always struck me as ridiculous. More evidence of the "I've got so much money I can afford to be a liberal" mentality.
Wall Street can kiss my ass. I was watching Hannity last night and they were talking about a new documentary "Generation Zero". After 45 minutes of sobbing in the fetal position on the floor, I though my God, we are doomed. But one of the points they made was the investment houses used to be partnerships, like law firms. If some idiot wanted to play with company money and lost his ass, well guess what? The partners were liable, for every penny. That includes their personal assets. Now, they're stock companies. COE screws the pooch? Company might go under but his house in the Hamptons is safe.
ReplyDeleteI like the old system better.
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