Liar, Liar, Liar. ETFC CEO sent a message to each etrade customer (I still have a copy) a couple of weeks before its collapse, saying " dear customer, as you heard a lot of news recently in financial industry, I want to assure you that we etrade have very limited exposure to subprime mortage"....
Wells Fargo CEO said its company is clean and does not have exposure to subprime not long ago. Today it announced x billion writeoff.
too many to list..
the financial industry is full of liars and it is one of the industries with least morality. Look at those asshole analyst. Stock typically crash a few days after their upgrade (ACH for example).