You guys are all mesmerized by the magician’s waving fingers as he picks your pocket. The FBers are a pathetic sideshow and they deserve what they get, but the real crime is the money made at the top of companies like New Century and others. While many of these firm will end up in bankruptcy, the top pigs have all stashed their pockets with tons of money stolen from the MBS market by misrepresenting the quality of mortgages they sold into it. These comapnies will go bankrupt but their personal assets will remain intact and they will move on to the next scam, which will undoubtedly involve more of your money. Once these loans start defaulting in large numbers those MBSes are going to be revealed for the doo-doo they are and many pension funds are gonna be in deep trouble. Just because you and some of your friends made money speculating using ARMs doesn’t mean that you’re smart — just lucky enough to go along for the ride.
I am also angry at the FB speculators but the real criminals are at the top. They keep you distracted by focusing your attention on their victims while they move on to the next scam. Enron, Worldcom, New Century, welcome to the American e-CON-omy.
