[lbo-talk] origins of the housing boom

123hop at comcast.net 123hop at comcast.net
Tue Aug 30 10:59:03 PDT 2011


----- Original Message ----- From: "Jordan Hayes" <jmhayes at j-o-r-d-a-n.com>

I know it's fashionable to just beat up on banks pell mell, and I'm not trying to generate even an ounce of sympathy for them, but you do realize that this is one of the longest lists in history, don't you?

http://www.fdic.gov/bank/individual/failed/banklist.html

---- And what were the actual outcomes for actual people?

-- The bank execs walked away with their bonuses and golden parachutes. -- The bank grunts are now unemployed. -- The taxpayers paid for FDIC deposit redemption.

I am sympathetic to the bank grunts. Who else deserves my sympathy?

Joanna



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