I think the big wigs are going to get wealthy regardless. The losses are always distributed to the hapless middle class shareholders, the fat commissions, big Wall St. bonuses and fat CEO salaries have already been paid out. It’s too late for them to lose. I think the scammers on Wall St. have also exported a lot of these CDOs overseas to some ignoramuses there who have relied on bogus American rating firms like Moodys.
