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Re: Jim Long post# 210861

Friday, 04/23/2010 11:02:46 AM

Friday, April 23, 2010 11:02:46 AM

Post# of 361654
The fact of the matter is the accomplishments ARE NOT there. You can not name a single one. Management was handed certain assets and they've diminished those assets not increased them. That is failure in my book. How someone was not fired over the Stanford debacle is a mystery to me. No, every company did not lose money in the financial crisis. Only the ones that didn't manage properly lost money. If someone is paying above market interest rates they have above market risk. There were red flags all around about Stanford. I wish I would have known they had money there before they lost it. I would have told them to take it out, but I doubt they would have listened. They never do.