Sec Paulson when in charge of Goldman Sachs led the charge to get the Securities Exchange Commission to allow them to greatly increase their Debt to Equity ratio. That is how our biggest banks got into serious financial trouble. If you read the NY Times article I sent, one of the participants made the comment that if our big banks fail, we are in real trouble!
HUMPHRIES over 15 years ago
;oD
jimbo90036 over 15 years ago
Sec Paulson when in charge of Goldman Sachs led the charge to get the Securities Exchange Commission to allow them to greatly increase their Debt to Equity ratio. That is how our biggest banks got into serious financial trouble. If you read the NY Times article I sent, one of the participants made the comment that if our big banks fail, we are in real trouble!
lalas over 15 years ago
TT draws W smaller and smaller every day… come Jan ‘09 he’ll be about as big as the speck of fly poo that is his soul.
CorosiveFrog Premium Member over 15 years ago
He can’t have money for his reputation, it’s worth nothing.
scuzzimoi over 15 years ago
He’s confusing his reputation with his ego.