Saturday, April 17, 2010

HEAD FOR THE CASTLE

Lets see, it has been a very interesting two months.

First, we learn all about Lehman's  REPO 105 balance sheet shiatzu techniques from the Court appointed special examiner.

Then, we learn what we already knew, the whole of Wall Street engages in balance sheet hop scotch to disguise their leverage disclosures.

We get to witness first hand how Goldman helped engineer the Euro/Greek crisis.

We listen to a parade of morons, including senior management of CITI and WAMU, testify how they had no control over the Tsunami that capsized their sub prime canoes.

We get to listen to Greenspam and Ben Gono the Money Printer sputter about how nothing is ever their fault.

We are treated to a first hand look at the toxic kangaroo turds comprising the Maiden Lane portfolios.

The Magnetar Trade is unveiled for all of us to marvel at the wonders of quantitative derivative swindling.

We get to listen to the GOP leadership parrot an word spinning pollsters guide to financial deformation.

We are treated to Goldman hilarious explanation of "client service" the Squid way.

All manner of rumors are flying around about institutional precious metal and commodities manipulation.

A Goldman Director is implicated in the Raj-Birdy-Numb-Numb insider trading scandal.

Goldman is sued by the SEC for securities fraud.

A landmark piece of derivatives legislation is proposed by a Senator previously thought to be a friend of Wall Street.

Does any of this get you torch fired up?

1 comment:

  1. GOP, what, no pitchfork?
    Same day as this is announced about GS, they all 41 stick together. Can't wait for the ads from their opposition.

    ReplyDelete