Isn't it a tragedy that people who decry the stupidity of sub-prime homeowners in taking 'a loan they could not afford' rushed to the rescue of big lenders and banks who took 'more risk than they could afford' !!! Of course, when things go great they reap in the fat checks but when things go south, they break-even. And you wonder why we don't learn the lesson after each financial system debacle? LTCM, S&L, tech bubble and now credit crisis. So much for capitalism.
"Heads I win, tails I don't lose." Where is the instance where the financial elite pay the price for the risk they take? If it is free lunch, can I get one too?
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