Reply to thread

Message

[QUOTE="gtcam, post: 3065273, member: 2844"]
A lot more than a few execs got fired
A lot of people who worked in the industry paid the price for doing their jobs for management who directed them to do things and found themselves packing up their things with not a red cent.
Yeah nobody went to jail, as the boneyard's self proclaimed expert stated, but many in the industry paid the price. Not all "bankers" were responsible, in fact it was the unregulated private market financials that did the most damage. And how did they do it? By interpreting the loose laws and finding allowable (at that time) loopholes that were created by legislators on behalf of lobbyists representing the private markets. These legislators tore into the bankers in 2008 yet these same lawmakers made a ton of money buying stock in those same companies and sold off before the crap hit the fan. So many should have been impeached for insider trading information but nothing was done. Chris Dodd included.
I'm in the industry (40 yrs) and know many who paid the price for just doing their job but I have no respect for the ones who made ridiculously bad decisions and choices
[/QUOTE]

Verification

First name of men's bb coach