If (Or what the Bear Stearns deal reveals about our nation)
If a small company runs out of work, they close their doors. They sell off their equipment at pennies on the dollar.
If a large institutional bank makes risky investments, and the market collapses, that company is sold at pennies on the dollar to the next biggest bank. The economic food chain continues.
The whispers on Wall Street prior to the Bear Stearns collapse ... J.P. Morgan buying their competitor at an extreme discount, including a Manhattan building worth over a billion dollars ... executives for Bear Stearns selling their shares a couple of months before the ultimate collapse, the iceberg clearly in site as the U.S.S. Titanic rode full steam ahead, the hopes and dreams of the American homeowner riding in the hull.
The geniuses on Wall Street have played the system like a fiddle. Their MBA served them well. The ethics training they received at school was nodded and winked at.
The business schools will take the lessons learned and indoctrinate future MBAs with the political wisdom imparted by Henry Paulson and J.P. Morgan ... they will learn that the former head of Goldman Sachs can drive the Treasury to give taxpayer dollars to risk-taking banks in exchange for worthless paper ... they will learn that the link between government and Wall Street will protect them when they make mistakes ... "So, go ahead," the professor will say. "Take a risk. You won't pay if you fail."
Such a corrupt system, where ethics is replaced by a mix of laziness and fortune at all costs, leaves our nation open to outside influence.
Labels: bankruptcy, banks, Bear Stearns, corrupt, ethics, food chain, investments, laziness, MBA, pennies, risky, Titanic

s, soundness, from integer, whole, complete;]
