Friday, February 27, 2009

You! You Did This To Yourself!

Like a lot of people I have spent the last few weeks working while keeping an eye on the stock market. I know there has been a lot of gnashing of teeth about Citibank and Bank of America, two of the largest banks in the world.

Their long slide into irrelevance and embarrassment is their own doing. I refuse to feel pity and shame for these companies that made irresponsible decisions and are now causing us all to suffer.

Citibank, in particular, has lost 97% of it's value over the last five years. I hope you fail. I hope you fall into bankruptcy. I hope your executives soil themselves as shareholders and employees alike storm the boardroom and demand justice.

No comments: