First, during the recession, the American worker received the loudest, most clear message in our country's history: No job is permanent, few employees are irreplaceable, and everyone should be prepared tolookfor a new job at a moment's notice.
The investment bankers had clearly lost basic rationality given the transactions they were constructing, which any way you lookat it turned out to be a terrible idea for just about everyone in the world except billionaire hedge fund manager John Paulson.