News & Commentary
So the “Capital City Gazette” had the following two front page stories in the paper today:
The first: New Grads Arrested On School Roof.
Two recent grads of the local highschool were caught breaking into the middle school. One of them apparently urinated in one of the classrooms. The other stole a flag. Both had apparently been drinking.
The second, situated right next to the first one: Wall St. Execs Face Charges in Credit Crisis, Two from Bear Sterns Handcuffed, Arrested.
I think that’s pretty self explanitory. Two hedge fund managers are being charged, criminally, with fraud in relation to the funds they managed that collapsed in the wake of the subprime mortgage fiasco. They misled investors, saying everything was rosey, when they knew otherwise. They even made sure to pull their own money out of the funds before the collapse.
Somewhere in my deviously peverted mind, I found this amusing. Two schmucks who probably barely squeaked by to graduate are off to a great start in life. Meanwhile, two schmucks who probably barely squeaked out their own money from those hedge funds before they collapsed are off to a great finish in life. In a sense, the two Wall St. execs pee’d on the other investors and stole their flag too.
Congratulations fellas.
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