More reasons why Greenspan should not have lowered the interest rates when he did. He is either a moron, or was being controlled by the organ grinders. I don't think he is a moron.
Little gifts such as these will finish up in the banks as a last desperate effort; or will be spent finding a week or two of temporary accom. Gifts such as these are also inflationary. Watch the price of TV sets go up as the money goes out.
Would be good if the victims received some help - not the shareholders. Other companies are also being investigated. Hope it doesn't make us forget the perpetrators who made this mess.
This would a culture change to work. Rip off merchants (entrepreneurs ) will be faced with the greatest problems - and probably the greatest returns will go to a few, as usual.
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