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bfrank1

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Posts posted by bfrank1

  1. What makes anyone think that because these guys are on the inside that they have any clue what's going on?  The bank and financial co. CEO's completely missed the oncoming train.  How many times did Dick Fuld, Ken Lewis, Ken Thompson, Stanley O'Neill, John Thain, Chuck Prince, Jeff Immelt, etc. publicly state in no uncertain terms that they had no need for new capital and they had no intention of cutting their dividend.  Were they lying or did they not understand the risks they had exposure to?  I'm inclined to believe the latter but either way why would anyone take anything they had to say seriously?    

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