Wall Street's High Crime Area, Libor Scandal Expands, Confidence Crisis, and More
2. Crisis in Confidence
The bigger problem, which I think investors are focusing on, is confidence in the financial system is eroding. There have been a litany of failures and confidence-reducing events recently which should cause anyone with a stock certificate and a heartbeat to think hard about what to do with their stocks.
— Larry Jeddeloh, founder and chief investment officer of the TIS Group, a money manager and institutional research firm