|
Post by jeffolie on Apr 14, 2010 9:23:32 GMT -6
Yet another unethical, lying, corrupt banker has escaped justice. The political backlash will grow. ====================================================== Lehman's Alter Ego - How Lehman Hid Risk In Shell Corporations; Where is The Indictment of Ex-CEO Dick Fuld? ....The report says Dick Fuld, CEO of Lehman was “at least grossly negligent”. The key words are "at least". The reality is Dick Fuld makes Bernie Madoff look like a rank amateur.This begs at least two questions. 1. Where is the criminal indictment of Dick Fuld? 2. How many other Repo 105, leverage hiding, market manipulation, and tax evasion schemes are banks engaged in that we do not know about yet? globaleconomicanalysis.blogspot.com/
|
|
|
Post by jeffolie on Apr 14, 2010 13:08:43 GMT -6
From a Denninger rant today: "...If we do not see our government bring out the handcuffs, and soon, I predict we will follow the lead of Greece. Not today, and probably not tomorrow, but inevitably we shall, because the first requirement for trust - that laws will be enforced and fraud will not be tolerated - have been utterly cast aside, so long as you're banker. The stability of both our society and markets will not survive in this state for long. market-ticker.denninger.net/
|
|
|
Post by waltc on Apr 14, 2010 23:57:37 GMT -6
The stability of both our society and markets will not survive in this state for long.
Historically the rich have believed quite the opposite and paid for it dearly. The closet we ever got to a 'off with their heads' French Revolution situation was during the Depression when the Communists and Fascists were making great inroads among the working and intellectual classes. FDR managed to head off any revolution with his social programs.
But just barely.
Today we have no FDR only two gangs of Wall Street puppets who are trying to find new ways of robbing the American people. But at the moment the public is kept somewhat sedated by the social safety net or long term unemployment insurance programs. However once one or both end because of economic turmoil- watch out.
Initial violence won't be organized at first, but in time leaders will emerge and targets will be chosen on a more deliberate basis.
I wouldn't want to be driving a Lexus or Mercedes or living in a McMansion as any signs of outward wealth will attract lots of unwanted attention.
|
|