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Post a Comment On: Steve Sailer: iSteve

"Frog-Boiling"

3 Comments -

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Anonymous Anonymous said...

The question is, why didn't any of the Real Sharp Guys who run investment companies figure out any of this? The bond buyers should have realized that the ratings agencies might not be reliable, and taken the ratings with a few grains of salt. But maybe its too much to expect Wall Streeters to actually earn their bloated salaries.

12/27/08, 3:00 AM

Anonymous Anonymous said...

Wall Street is all about the present, what todays stock and bond prices are. Long term thinking is what the quarterly dividend or bonus will be. So the “Real Sharp Guys” were making money hand over fist in the present and that is what they cared about. If they had held back and not jumped into the market some other “Real Sharp Guy” would have gotten the profits and the bonuses

12/28/08, 5:35 AM

Anonymous Anonymous said...

This is a good post, but apparently it's not at the speed of most iSteve readers.

- Fred

12/30/08, 10:00 AM

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