The management of these failing banks made incredibly stupid bets, and lost, and their shareholders are paying the price. The stockholders are lucky that they're banks, if they were airlines, they would be out of business, with nothing, but at least they're getting 30 cents on the dollar or so.

If the stockholders had any sense, they would fire the boards that let the grossly incompetent managers destroy these companies. But I guess these shareholders are just like the citizens of America, who every two years re-elect the directors, I mean Congress, who have rubber-stamped every disastrous decision by the country's "CEO". Our CEO, with the approval of our pathectically self-serving and ignorant congress, has wasted trillions of dollars over the past 7 years, transforming a world-leading economy that was running surpluses into a second world, debt-ridden country that not only desperately needs loans and cash infusions, but talks about blocking those investors (who now have our money) from bailing out our banks. So where else will these banks turn to to get their needed capital?

hong kong bank has trillions to loan and you get a yacht for free if you deposit 1 million dollars. it would pay to borrow against your 401 k for this.

run for the roses

a song on the interent