Friday, November 16, 2007

What Were They Smoking?

So screams the front page of next week's Fortune magazine, with pictures of Wall Street CEOs and their subprime losses -

Chuck Prince - Citigroup - $9.8 billion
Jimmy Cayne - Bear Stearns - $450 million
John Mack - Morgan Stanley - $3.7 billion
Stan O'Neal - Merrill Lynch - $7.9 billion

How the best minds on Wall Street lost billions...
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