yanks have lost it, page-20

Well the companies that actually make stuff, you know actually create wealth are doing fine.

The current problems are caused by the smartest guys in the room types that populate the likes of Bear Stearns and Lehman Brothers.

The financial services companies that stuck their noses in the swill of securitised residential mortgages are going to be severely punished. Unfortunately the companies that do something of real value are suffering some short term collateral damage.

It'll all be over soon and hopefully with some nice shiny new prudential regulations for the derivative traders.