This is nothing. Remember Enron, and WorldCom, Tyco, billion-dollar companies can close door overnight, their workers lost jobs, pensions, investors lost everything [#4323510@0 -ROLIA.NET 相约加拿大网上社区 之 枫下论坛 & 枫下部落, 枫下论坛主坛 ]
This is nothing. Remember Enron, and WorldCom, Tyco, billion-dollar companies can close door overnight, their workers lost jobs, pensions, investors lost everything
by
omega4
(omega)
at
2008.3.10 21:27
(#4323510@0)
but executives pocketed millions of dollars the night before bankruptcy. The current subprime crisis also let us see many big banks involved in fraudeulent schemes in order to maximize profits for their executives and traders. The end result is a near total loss of investor confidence in the financial market that drags the economy into a deep recession.
When the recession happens, you bet, its average workers lose their jobs and small investors lose their blood and sweat money, and the fat pigs at the top, again walk away with millions in pocket