I'm with the WSJ on this -- previous management should have been prosecuted for fraud. Current management then took on even more risk, which their bought-and-paid-for friends in Congress allowed them to do to expand their business. Congress just turned down a law to prevent them from donating to Congress! The corruption is clear. Most economists and observers want F&F broken up and sold, and the backing of the government removed. Management needs to go.
no subject
Date: 2008-08-08 10:03 pm (UTC)