Thursday, September 25, 2008

Jack Welch on CNBC

Jack Welch is on CNBC right now and his comments are making me want to puke!! He is basically saying anyone who stares at a screen all day (traders) caused this mess. No talk of the dumbasses that got out there and financed way more house than they could afford. I resent this being blamed all on traders. I understand that Jack might be a little upset because his precious GE announced that they were suspending their stock buyback. They are blaming it on the financial arm and Joe Kernen is saying that it is just the "global financial backdrop".


Dollar.Discipline said...

This crisis comes down to greed. Blame it upon whom you want, but it is/was greed driven. You reap what you sew.

There are no free rides in this world. We must now pay the fare.