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Berkshire Hathaway Inc. Message Board

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  • mesa49kid mesa49kid Nov 26, 2007 4:09 PM Flag

    CFC - more bank failures coming

    the problem is, will Angelo Mozillo, Charlie Prince, STan O Neal or any of these other guys actually end up broke and having to pick up butts on the street? Not likely, the people who will be hurt by the fallout from all of this are small investors who depend on their IRAs and 401ks for their retirements, and small borrowers and businesses. As usual real "culprits" will walk away largely unscarred. And and after a brief flurry of hand-wringing the old boy system will continue.

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    • We haven't seen the other show hit either. I would expect at least 15% of those companies are walking dead. They are marked for layoff but just don't know it, yet. They might get a nice Christmas present. If not then then as soon as they return from the break...

 
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