House of Cards
Sunday, January 27, 2008
3 comments
CBS has an excellent segment on the sub-prime housing crisis in the US that is driving us into a recession: House of Cards.
Citibank departing CEO Chuck Prince walked out with $29 Million and Merill Lynch CEO Stan O’Neal walked out with $160 Million after losing billions for their respective companies.
Capitalism gone awry, indeed!
Wow !! This is great . I’m capable of even bigger losses (JK)
ah, gosh, finally, …was worried you would never say anything bad about capitalism, the religion of the business classes
I have said a lot about certain dysfunctions of the financial services industry and the problems it has been creating. Perhaps you haven’t read them … Read VC-Entrepreneur Compensation Disbalance.