US Financial Community Offers Non-Apology Apology to World

Excerpted from the Manhattan Spectrum:
“…thus we, Wall St. and the larger US financial community at large, are sorry if any global financial entities weren’t smart enough to figure out that these SIVs and CDOs were massively convoluted, inherently opaque and regrettably illiquid. In the future, perhaps the global regulatory and ratings agencies should do a better job of localized risk assessment and not actively contribute to a possible systematic financial meltdown.”
“Anyway, we’re sorry if you’re lack of foresight and due diligence has lead to calamitous currency devaluation and civil unrest. Those are tough breaks.”
“Remember, just because we manufactured, misrepresented and sold the alleged toxicity doesn’t alleviate your culpability as purchasers.”
“No hard feelings, ok?”











