Comments on: On Wall Street it’s GIGO all over again http://tips.vlaurie.com/2008/09/on-wall-street-its-gigo-all-over-again/ News, commentary and tips for safer and easier computing Wed, 11 Nov 2009 00:15:10 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Greg http://tips.vlaurie.com/2008/09/on-wall-street-its-gigo-all-over-again/comment-page-1/#comment-4912 Greg Fri, 19 Sep 2008 12:39:29 +0000 http://tips.vlaurie.com/?p=2311#comment-4912 I am old enough to remember the S&L crisis (as well as the Dot.Com, Enron, and real estate). It all gets down to greed (and no accountability or risk of those who profit the most). S&L: No responsibility in how funds are invested and spent. It is all backed by the FDIC Dot Com: The new economy; profit does not matter. Enron, et al: Anything to raise the stock price. Sub prime Crisis: Real Estate will ALWAYS increase in value 20% to 50% per year. Adjustable rates when the Prime rate is 0.25%. Put someone who makes $50k a year in a $1.2 M house. I am old enough to remember the S&L crisis (as well as the Dot.Com, Enron, and real estate). It all gets down to greed (and no accountability or risk of those who profit the most).

S&L: No responsibility in how funds are invested and spent. It is all backed by the FDIC

Dot Com: The new economy; profit does not matter.

Enron, et al: Anything to raise the stock price.

Sub prime Crisis: Real Estate will ALWAYS increase in value 20% to 50% per year. Adjustable rates when the Prime rate is 0.25%. Put someone who makes $50k a year in a $1.2 M house.

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