Is it just me….
or is there absolutely NO sympathy for the cold hearted “wheelers and dealers” who “bet” on the prospects of a companies share price going down, anf they caught a massive and costly cold!
I have speculated for some time that these people have been responsible for driving the market price down, regardless of the impact it has on others, whether it jobs, loss if investment and pensions, all for their individual greed.
What’s more, how did they get caught out on Porsche buying in to VW? even I knew that they had been increasing the share holding, what did they think they were going to do about it?
It is about time the UK Government followed the US and made this activity illegal.
If it was not for the fact that us normal everyday citizens of this great country will end up picking up the cost of this error at the end of the day, it would be funny!
Or is it just me?
October 29th, 2008 at 5:24 pm
Rita, Rita, Rita…
I agree that these muppets have probably contributed to the whole financial mess, we the public have been forced to bankrole.
What I would like to see is who’s money have they gambled with, and do they really have the power of authority to risk so much?
Surely there would be some level of managment overview to check the assumptions of the price of VW falling, other than the volume of sales declining?
That said, look at the mess they got us into in the Banking world those so called experts, give us your view on that Rita!