Rescue who?
BSC shareholders lost >90% of their money, most BSC employees lost their jobs, BSC top execs lost most of their personal wealth (which was mostly in BSC stock) and their jobs.
Same for FNM, and FRE.
We'll see what happens to AIG. So far, shareholders have lost 95% of their money, and have a good chance of losing the rest. Employees and execs will go over time as the company is broken apart and sold off.
Quote:
Originally Posted by rvanderpyl
What we have learned.
If you screw up big enough, the goverment wil rescue you....
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