These Snakes Ate Their Own Tails

With Lehman Brothers expected to post a whopping $3 billion loss and quite possibly ceasing to exist as an independent company in the not too distant future, let's not lose sight of why it, Bear Stearns and other Wall Street investment banks became dead men walking:

Even though they got to write their own rules, they were so greedy that they didn't even realize it when they began eating their own tails.