Re: Carlyle faces more margin calls

"Uncle_vito" <uncle_vito2002@[EMAIL PROTECTED]
> wrote in message 
news:UcadnfWyfaAlI0_anZ2dnUVZ_oSunZ2d@[EMAIL PROTECTED]
>I cannot believe these IDIOTS used margin.  I guess they were trying to
JUICE 
>their returns.  My financial advisor said never to use margin.
>
> These idiots are not using their money so they do not care.  They are 
> investing your and my money so they do not care if they default.
>
> Vito

These idiots -- as you put it -- are the same thugs that paid off congress
to 
repeal Glass Steagall (G-S).  IMO, we would not need G-S if we had a
cor****ate 
culture of long term investment.  However, since the culture is to
show-off 
quarterly results, keeping G-S was an absolute necessity.  What we have
seen are 
the results of a vital but unregulated industry out of control.

-- 
Lubow
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