Submitted by unsettling economics

An article today in the front page of the Sacramento Bee’s business section quotes a director of a community development fund it works in low income neighborhoods on the subprime crisis: “I want to know how many people are going to jail.”

At the same time, Jeffrey Skilling, late of Enron, judging from what I read in the papers, seems to have a shot at getting out of jail.

I do not know much about the risk that JPMorgan Chase is taking on over and above the first billion dollars. But if the Bear Stearns bailout is not a gift to JPMorgan Chase, then it is certainly very charitable towards the people who let money to Bear Stearns. Were they widows and orphans?

Who is going to jail?

Visit 1800blogger to see all of our industry leading blogs.