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Author: JanBrady2 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Ride out these seas man! Date: 9/22/2008 9:53 AM
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Good thread but I hope the original poster did not take his money and run. That would have been the worst thing to do.

The problem was so wide spread in so many areas that I don't think you can just punish a few people. TOO MANY people looked the other way.

It comes down to morals and values. If you know what you are doing is wrong you should not do it. If you are so greedy and your boss rewards you for "being scrappy" and seeing a profit doing unscrupulous loans so you all can buy matching Jaguars and condos in the Bahamas - well then these kinds of things will go on.

I urge everyone in a white collar type of business to look around at YOUR company and CALL OUT the unscrupluous deeds that may be happening. It's so sad that even our "watchdog" SEC group did not even plug this hole a long time ago.

Amazing. Greed. Irresponsibility. Let's step it up America!

And yes I agree there SHOULD be consequences for all this poor lack of judgement. From the overzealous Real Estate people, Mortgage Lenders who inflated everything, Banks that put their stamp of approval on worthless loans - - - ugh!

This cruise ship is in rough seas and we gotta hope our stabilizers don't go Titanic on us!!
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