They just don’t get it. One day the FDIC appears to take a stand–8 hours later, they’re financing securities FRAUD. What happened here? Did Larry Summers bitch slap Sheila Bair like he did Brooksley Born in ’98? Did Geithner come in and say, “let’s make PPIP more attractive to the criminal element by pimping it out without government imposed limits.” [...]
Archive for April, 2009
US Gov. Still Trying to Polish Turds
Posted by admin in April 30th, 2009
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Posted in: Global Economic Collapse
Disclosure of risk is NOT inherant to fraud
Posted by admin in April 29th, 2009
Posted in: Global Economic Collapse
Start thinking in terms of massively coordinated fraud, collusion and cover-up and all of a sudden, “systemically important” reveals itself to be BULLSHIT.
Preliminary “stress test” predictions are no surprise
Posted by admin in April 29th, 2009
Posted in: Global Economic Collapse
Tell us something we don’t already know.
Kudos to Bair
Posted by admin in April 28th, 2009
Posted in: Global Economic Collapse
Every once in a while, the voice of reason gets an ear, and this time it’s the voice of Sheila Bair.
Bailed-Out Goldman uses stolen profits for BIGGER BETS!
Posted by admin in April 27th, 2009
Posted in: Goldman Sachs
As expected, bail-outs turn to BIG BETS to keep the Fascist derivatives casino flowing and growing…
Paulson cover-up is matter of public record
Posted by admin in April 24th, 2009
Posted in: Global Economic Collapse
In this case, the truth of Facism does NOT “set you free”. Welcome to the new world order of middle class slavery.
Another 20 Billion down the drain …
Posted by admin in April 23rd, 2009
Posted in: Global Economic Collapse
Short and sweet, read it and weep.
