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<p>[QUOTE=&quot;PeacePeople, post: 2163664, member: 20082&quot;]I will extend an apology for my actions earlier in this thread.&nbsp; I was out of line and am sure I offended many, for that I do apologize.</p><p><br /></p><p>I&#039;d like to go back and see if I can get some thoughts about what I was asking about the sub-prime mortgage fiasco and what if any lessons you guys believe the banks learned from that.</p><p><br /></p><p>My most major concern or disdain of Wall St comes from my belief that they were rewarded for criminal behavior.&nbsp; They were all given mountains of capital to fix the &quot;problem&quot; (not sure the actual problem was identified) and were also given or sold assets, Bear Stearns comes to mind, for pennies on the dollar.&nbsp; To make matters look even worse to the public, many received or were paid record bonuses at the end of the year.&nbsp; Somebody here continues to point out that the funds were all paid back, which is nice and all, but it still didn&#039;t punish the wrong doing. The biggest issue that I can see is if it wasn&#039;t punished, what is going to correct that behavior?&nbsp; Do we know if any of that was corrected?&nbsp; What is to say that the exact same thing is not going on right now and has gone on for the last 7 years to the point that we&#039;re not in the same position now that we were in back then?&nbsp; </p><p><br /></p><p>I&#039;m asking this because I&#039;m of the belief that we are heading in that exact direction.&nbsp; I&#039;m not sure what will trigger the next meltdown event, but I do believe we&#039;re going to see one.&nbsp; When, how and what I&#039;m not sure of, but I firmly believe that we&#039;re heading to a catastrophic event sooner rather than later.&nbsp; That&#039;s most of the issue I take with posters that come here singing the praises of stocks, Wall St, equity markets and their portfolios.&nbsp; It&#039;s neat and all, good for you, but what happens if the same thing is going on right now?[/QUOTE]</p><p><br /></p>

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