Quote:
Originally Posted by Ronald Pagan
I think that very few people took willing and knowingly criminal steps to improve their wealth.
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Ohh, right, like when tons of senior executives in NYC at these very same iBanks backdated all of their stock options on 9/11 to garner the maximum future gains?
100% PURE ETHICS I TELL YEAH!
Plenty of people are now on the record saying that lots of people at the top saw it coming but they figured they may as well be the ones making the money and that they knew they would get bailed out at the end of the day. For them it is all 'just paper'. They made money trading each other 'just paper', they will get bailed out with 'just paper' and in their screwed up minds no one really gets hurt if it is 'just paper'.
For example the former CEO of AIG. Worked there for 40 years but was squeezed out a year ago because he was considered too old school for the 'new financial realities of the market'. HE has lost his entire net worth but the new CEO, the new school guy who 'got it' is leaving with a $9 Million package after wiping out 97% of AIGs value.
I would never ever underestimate how brutally messed-up and self-centered a huge perentage of the population is - especially those at the very very top.
Claeren.