wrote in message
...
On Sat, 04 Sep 2010 04:54:41 -0400, bpuharic wrote:
gee. where is the center of the market located?
uh, wall street, perhaps?
So these guys must not have had anything to do with the crash then huh
Bob?
Goldman Sachs
wall street
Morgan Stanley
1585 Broadway
New York, NY 10036
wall street...
... and R.I.P
Lehman Brothers Holdings Inc. (LEH)
745 Seventh Avenue
New York, NY 10019
wall street...
see the wiki article
you just arent very bright, are you?
Since NONE of these companies are located on Wall Street it does call
into question your rant.
The fact that the loan companies who sold these toxic mortgages that
crashed the economy are scattered across the entire USA, it makes your
rant simplistic. I suppose you think home buyers who lied on loan
forms are blameless too. This fraud was universal. Nobody is calling
for charges against loan officers who enabled the fraud.
Actually, many are and have been indicted for fraud. Here's an example:
http://baltimore.fbi.gov/dojpressrel...0/ba030910.htm
In fact, the loan companies were part of the problem, as were a individuals,
but certainly not all of the latter. The fraud was not "universal." Some
people were hoodwinked others deliberately lied, many just got in over their
heads. The new regs will go a long way to prevent this going forward. Check
out the new issue of Money. They have a nice synopsis of the laws and their
effects.