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It's always been a scam. Books have been written - and ignored - about the scamminess of it. The seedy reality of the business is that these banks have been run on the basis of 'Never give a sucker an even break.'

The banks thought they weren't the noobs at the table. But they've now suckered themselves, and each other. Citi, GS and the rest may well not be around a year from now. And if they are around, they won't look much like they do now.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Nov 7th, 2007 at 06:40:58 PM EST
[ Parent ]
But, but Morgan Stanley says it's "World Wise"!

All for the better.  It's about time we had a massive shake-up on the big dogs of Wall Street.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Thu Nov 8th, 2007 at 09:27:01 AM EST
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