Bubbles dont happen with out investment firms and traders. they are the root. it just went from one industry to another as greed is good. now it's hitting thier industry and we the people are supposed to bail them out. F that! where was our bailout when the hedge funds and stockmarket was acting like idiots and over pumping shit.
Bail out is not for investment banks. The bail out is not a free cash register of money. It comes with conditions and ownership from the fed. Not a good thing for any bank. The bail out is just so people feel warm and fuzzy about jumping back in to the market. It will delay the inevitable.
Why didn't they bail out when the tech bubble burst? I don't know but it had less of an overall effect on the economy. So if wall street pumped these companies up, there should not of had the capital in the first place. If there was demand, there would be jobs!
Look at Lucent.. I lost my ass on Lucent. What happened with them? Expanding like nuts like the boom is never going to end. Building this huge space near I-88 they lay vacant a year later. Strong companies from that era survived with good business models.
By the way, most Hedge Funds lost their ass over the last year. People are cashing out their funds resulting in the market tanking even more. This is all I have to say, if you don't like traders or wall street, pull your money out of every mutual fund you have. Institutional traders control trillions of dollars and have had a major impact on stock prices as well as commodities.
I think the scams Arch is referring to are a very small part of the problem. Those people should be in jail.