And yet, in 06, when Refco went under a week after the IPO, and the NY State Retirement fund I remember was in for a chunk, I don't remember anybody suing the Underwriter. Different time. Way different.
People can be more tolerant of market losses and bad behavior during bull markets than in bear markets.
While that's true, it's not entirely relevant here. Go button hole the everyday man. He wants blood. I mean, he literally wants blood. I've heard guys who even still are doing fairly well say some shocking things. I was actually taken aback by the comments. The guys not doing so well? And the DC crowd knows it. They might look detached, but they know damn well they are in deep trouble. I heard from lobbyists two years ago some were packing...... keeping guns in the car. I can just imagine what it's like now. They're pussies to begin with. They must be scared to death.