86Shelby
8th September 2008, 10:02 PM
What do you think of what's happened?
If they weren't tied into the economy so deep I would be tempted to say let them fail. That could easily lead to more pains for everyone.
Enron colapsed after they cooked the books for roughly $550,000,000.00. Public outrage, media frenzy, regulators going nuts; you remember you couldn't get away from hearing about it.
In 2004 regulators found that Fannie had cooked to books to the tune of $6,300,000,000.00. Nearly 12 times what Enron had done. They were fined and just kept on going. Infact, the execs never missed the top bonuses. People had better die in a fire. They won't. Look at the political careers of people on the board as of last week and the past 8 years. Now you and I get to pick up the bill.
If they weren't tied into the economy so deep I would be tempted to say let them fail. That could easily lead to more pains for everyone.
Enron colapsed after they cooked the books for roughly $550,000,000.00. Public outrage, media frenzy, regulators going nuts; you remember you couldn't get away from hearing about it.
In 2004 regulators found that Fannie had cooked to books to the tune of $6,300,000,000.00. Nearly 12 times what Enron had done. They were fined and just kept on going. Infact, the execs never missed the top bonuses. People had better die in a fire. They won't. Look at the political careers of people on the board as of last week and the past 8 years. Now you and I get to pick up the bill.