#5 echo's Chuck Princes of Citigroups comment

Reader comment on: The Temptation of Servitude

Submitted by Lyle (United States), Dec 29, 2009 00:19

He knew that the whole mortgage thing was a fraud, but could not get off the merry go round because he would have been fired when his stock price tanked. So number 5 holds some truth, and seeing the successive crisises in the banking sector, (latin american debt,S&L ...) it seems that they whole industry has no self discipline due to the short term nature of the stock market. So Cohen is asking the government to do for the bankers what they can't do because wall street won't let them.

Note: Comments are moderated by the editor and are subject to editing.

Other reader comments on this item

Comment on this item