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Chris Bailey's comments:
on Time to Bail?
Less than two years ago I recall record bonuses being paid to many of the brokers and CEOs of the same companies that are now going broke or are in need of government bailout. Where is all that money now? If they got to reap the rewards of high profits from the financial securities they sold, should they not also suffer the consequences related to the collapse of these same financial securities? The stock market is really legalized gambling - there is no guarantee an investor will make money. Just as there is no guarantee I will win Powerball. So can I have all the money I put into Powerball given back to me? Hell, I'll take 40 cents on the dollar...
posted 3 years, 8 months ago
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