More on the carnage in the US

Read how the CEO of Wachovia (the latest one to fall - as of now) had a very positive message to the investors only 2 weeks before it had to get bought up.  

This is the kind of ridiculous stuff that has put the whole financial jungle on the spot. 

The bail-out has been rejected albeit temporarily. That should remind the Fed, the Treasury and Mr. Bush that they shouldn't rush in when dealing with so much of the taxpayer's money. Wall Street's reaction to the rejection should help push the proposal through the next time it gets tabled.

It's surprising that nobody wants to question the managements on how they screwed up so big and what they intend to do to prevent this from happening. All they want to do is give them more money. Bah!! I know nothing about business, but that sounds outright idiocy in my view.

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