General Motors, Chrysler, AIG, Bank of America. It's getting nasty out there. It would have been nice if the institutional investors and hedge funds would have been doing their job all along. But when grown ups are running the ten ton gorilla in the room . . . .I guess the grown ups in Washington are being busy doing their job, instead of just busy being busy.
Maybe the real secret sauce of the United States of America, is that it's not that hard to fire Board Members . . . once everybody focuses on the real problem.
Meanwhile the hedge funds whine about economy blablabla and performance and blablalba and profits. There is no whining in business, just like there is no crying in baseball. If the big investors were doing their jobs, we wouldn't be in this fix in the first place. But I'm betting they were also too busy being busy.