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3/28/08

Indystar: U.S. economy turned upside-down by insiders - Greg Gordon

For the complete report by the Indianapolis Star click on this link

U.S. economy turned upside-down by insiders - Greg Gordon

The current meltdown in the U.S. economy can be attributed to the overzealous efforts of a few would-be financial wizards who decided to make a bunch of high-risk loans and then cover themselves by spreading their risk through the global market. So instead of a few foolish so-called financial geniuses and their employers going down, everyone gets to share in their pain. Someone needs to be held legally accountable here. Someone needs to go to jail for this.

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