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>The Treasury and the Fed are trying to stabilize the system while still ensuring that those who made mistakes feel the pain. I'm not clear on how the "ensurin
by sofal 18y ago
>The Treasury and the Fed are trying to stabilize the system while still ensuring that those who made mistakes feel the pain.
I'm not clear on how the "ensuring" part is coming about. Can someone fill me in?
- MaysonL 18y agoIndyMac stockholders took a big bath, so did Countrywide, so did Bear Stearns. Whether the management at those companies were given due anguish is another question.