Posts Tagged ‘ponzi scheme

18
Apr
10

best explanation yet of goldman SCAM

ratigan continues to get ‘jerry maguire’ moments handed to him like softballs throughout this sh$tshow….
Vodpod videos no longer available.


banks broken up by summer and dow 9000? Vodpod videos no longer available.

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18
Feb
10

another great taibbi article hammering ponzi wall street

excerpt:

This may sound far-fetched, but the financial crisis of 2008 was very much caused by a perverse series of legal incentives that often made failed investments worth more than thriving ones. Our economy was like a town where everyone has juicy insurance policies on their neighbors’ cars and houses. In such a town, the driving will be suspiciously bad, and there will be a lot of fires.

http://www.rollingstone.com/politics/story/32255149/wall_streets_bailout_hustle/print

17
Feb
10

can’t wait to stop hearing about these golddam derivatives….

excerpt:

The banking lobby is resisting efforts to overhaul the $605 trillion market for derivatives that don’t trade on exchanges. Although a lack of transparency and hidden leverage in this over-the-counter market fueled systemic weakness in 2008, regulators and politicians haven’t delivered some basic improvements.

The Club-Med meltdown may persuade them to act. For years, Greece wrote large derivatives contracts with banks, mostly associated with sovereign-bond issues. These derivatives likely have a feature that now makes them particularly worrying for banks, lax “margin” requirements

http://online.wsj.com/article/SB10001424052748704431404575066982745810158.html?mod=WSJ-hpp-LEFTWhatsNewsCollection

07
Apr
09

step brothers : will farrell or allen stanford…

..the carribean ponzi king…

06
Jan
09

ron paul’s comments post-madof hearing today

22
Dec
08

even wsj is getting after the fed/inflationary policy

http://online.wsj.com/article/SB122973431525523215.html?mod=todays_us_weekend_journal

its too late to go back to a gold standard but stopping massive printing of money will at least lessen the future blow…




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