Den of Thieves

For those of us who have labored in the micro-cap sector of the market for most of our careers, we have been subject to the slings and arrows of the big boys on Wall Street who thought that what we did was replete with too much risk and in some cases outright fraud in touting small emerging companies.  Accordingly, it’s with some degree of satisfaction that I witness the fall of firms like Bear Stearns, and the supposed white glove guys who worked there.  As it turned out these geniuses were busy creating debt instruments that to this day defy understanding, and consequently have led to the financial panic of 2008. These super bright people with the help of elaborate computer programs have brought the financial and credit markets to a point not seen since the Great Depression.  These financial power houses it seems were nothing but a den of thieves. 

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