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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35345  
Subject: Re: Times on Financial Sector Bubble burst Date: 9/16/2008 2:11 PM
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Yes, Wall Street seems to be so concerned about job security and bonuses that they think about little else these days. To say they are distracted is an understatement. Greed seems to be what it is all about.

Still trillions of dollars have been lost. And those funds are coming out of investable funds that might stimulate the economy, create jobs and benefit all of us.

Meanwhile, we know full well I did not invest in that junk, but pension funds, mutual funds, banks, and now even institutions around the globe probably did, and all of those things are going to take a hit. So we all have secondary exposure to this mess. It will come at us again and again from directions not yet anticipated.

Letting these guys go bankrupt to me is very poor policy. Let their shareholders suffer, but sucking pension, bank reserves, and money supply out of the economy is DUMB.

And turmoil seems likely to continue for months if not years.
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