The meeting today between the nations CEO's of some big home builders and the Fed Chairman had to be a real hoot.........imagine these wealthy CEO's who enriched themselves on very loose and predatory lending practices going before the Fed Chair pleading their case. The hundreds of millions in stock options in rising markets salted away by this crowd with earnings being pumped up with home buyers who didn't even come close to having the financial means to be in a new house is a real statement of capitalism.
Where was the SEC? Where was any regulation in the mortgage market?
And Mr. Bush wants American taxpayers to keep these guys in business?
The concept of personal responsibility seems to have vanished like the passenger pigeon.
Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.
Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.
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