Not much happening on the market today, other than October options expiration, so was reading news articles in the morning. This was on the front page of CNN (http://www.cnn.com/2008/US/10/17/siu.wall.street/index.html), it's about Wall Street, greed, and serious profiting. The natural reaction is to feel hatred towards these guys, but you have to admit, they were smart enough to game the system so kudos to them.
"What they really did was to figure out new and clever ways of investing," Frank
said. "Of creating financial products that very few of us could understand."
Jokes. I used to work with an extremely brilliant individual who did stuff like this. His stuff was legitimate, but the management and most people around him had no idea what he was talking about 99% of the time so he always had his way. Interesting article regardless.
--Kevin
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