[ExI] AIG Bail out

John K Clark jonkc at bellsouth.net
Sat Sep 20 16:20:08 UTC 2008

"Lee Corbin" <lcorbin at rawbw.com>

> what caused these managers---who normally are
> profit- oriented > profit-hungry capitalists with no heart
> take such stupid chances?  WHY would they do it?

As long as the bubble continued, and it lasted a long time,
taking stupid chances was very profitable. If you didn't 
make these questionable loans stockholders would say 
"the bank across the street is making much more money
than we are" and then to proceed to fire you.

  John K Clark

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