A mere week ago, Bear Stearns was worth 4.1 million. Tomorrow morning the entire firm will be worth $250 million. And the greedy guys who brought this on making hundreds of millions on the way up probably won't lose a dime on the way down. The "smartest guys in the room" who screwed up so much have probably already been fired. More shoes will drop. The lack of risk controls and proper position-sizing was rampant. Another greedy disaster. It just never ends on Wall Street. Too much greed and way too much compensation without proper risk controls in place.
Native American Advisors, Inc.
- Dean Parisian
- CHIPPEWA PARTNERS is a Registered Investment Advisor and provides investment management to private investors, retirement plans and Native American tribal entities. Founded in 1995 as a fee-only money manager we are about doing the right things the right way and our expertise developed over 25 years balances financial acumen with absolute integrity. Dean Parisian is a former NASD and NYSE arbitrator and very successful trader who started his career on Wall Street in 1982 with Kidder Peabody and then with Drexel Burnham Lambert. The firm is a Life Member of the National Congress of American Indians and adheres to fiduciary standards. As a private, unbiased firm we know what to do and are prepared to do it. We invite your inquiry to manage your assets. ChippewaPartners@aol.com. Office: 877-772-1621 www.chippewapartners.com
Sunday, March 16, 2008
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