Thursday, February 21, 2008

It's about time!

Steven Pearlstein - Time for Wall Street to Pay - washingtonpost.com: "Wall Street's hypocrisy on this topic is nothing less than breathtaking. When times are good, its champions will claim that their brilliance and hard work account for the spectacular returns. But when markets turn and investors lose their shirts, these same brilliant managers are sent off with golden parachutes and invariably scooped up by rival firms that are only too willing to chalk up their mistakes to bad luck."

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