By this time you have heard not only hurricane Ike but also of the financial tsunami, hurricane and tornadoes that had be sweeping the country and finally came to roost in Wall Street. For some financial advisors like myself we knew all about these but could not get enough interest in the media to give it the focus and attention it deserved. Now the media could not cover it enough.

For the last few years teh big guys in Wall Street had been lining their pockets with commissions and bonuses and profits made on performing financial gymnastics and acrobatics with exotic and now everyone is admitting are toxic investments instruments.  Four investment managers in Wall Street became BILLIONAIRES in the last few years alone because of these toxic investments.

At this same time the so called credit ratings companies had been showering their blessings on the companies that were crafting and contracting these investment instruments in many creative ways and then in an about face these same credit rating companies are telling the world that all those financial acrobatics are simply junky maneuvers . Meanwhile they had profited handsomely from their fist position that partly allowed wall street to craft those toxic securities that make up a big chunk of the balance sheets of these failed banks and companies.

Who are the biggest losers in this sad game so far?

Who are now the greatest and biggest creditors and insurers in the world?

Give 3 or 4 sentences that would cover and summarize the actions of wall street and the reactions of the government to these whole man made financial tsunami. Winning summary will win $50. Contest ends Monday 9/22

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