> Does that mean that it has be done by the same class of people-seekers who seem to have gotten us into this mess and who expect their every profitable or unprofitable action to be "bonused" to the hilt?
"The handful of souls who championed the firm’s now-infamous credit-default swaps are, by nearly every account, long since departed. Those left behind to clean up the mess, the majority of whom never lost a dime for AIG, now feel they have been sold out by their Congress and their president."
"If they did walk out the door, who would volunteer to work at the Chernobyl of the financial world? And what would become of the mammoth portfolio that remains?"
"'It would become the biggest naked position on Wall Street,' one longtime Financial Products executive said, 'and everybody would exploit it.'"
http://www.washingtonpost.com/wp-dyn/content/article/2009/03...
"The handful of souls who championed the firm’s now-infamous credit-default swaps are, by nearly every account, long since departed. Those left behind to clean up the mess, the majority of whom never lost a dime for AIG, now feel they have been sold out by their Congress and their president."
"If they did walk out the door, who would volunteer to work at the Chernobyl of the financial world? And what would become of the mammoth portfolio that remains?"
"'It would become the biggest naked position on Wall Street,' one longtime Financial Products executive said, 'and everybody would exploit it.'"