Submitted by Tresler on Mon, 2008-07-14 10:00.
Oh yes, How could anyone have possibly known this would happen!
http://online.wsj.com/article/SB121599777668249845.html
Really folks, we've known for over 6 years, that these guys were playing poker with the new improved "Taxpayer's Gambling Insurance" and almost exactly nothing was done to stop it. Incidentally, that implicit knowledge of a bailout gave them an approximate 40% edge when raising money from investors.
If you want big money, don't bother stealing it, get the feds to back you then drive your company into the ground.
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