A little over a year ago the pronouncement that Greek was rescued from the brink was a big fat Greek lie. Anybody who paid a slight bit of attention to the truth behind the headlines would have known this. In the 2010 deal mainly Germany and other European nations came to the rescue of Greece […]
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This insider trading case is just a tip of the iceberg. It is a tell-tale story of an illegal web of well connected Ivy League business school graduates with no ethics or morals rigging the system to their advantage. In social circles, we see these sociopaths claiming to be crème de la crème, when in fact many of them are perfume coated turds.
There is a saying in Telugu, “dongalu dongalu oollu panchukunntlu” (Just like thieves divided the villages among themselves to rob). True to this age old maxim, Wall Street banks and the ratings agencies robbed us of our retirement nest eggs, drove most of us jobless, and kicked us out of our homes in a collaborative […]
Watch this CNBC interview with Broadband Research CEO John Kunnican. This is the guy who wrote the now infamous e-mail which said the following: “Today two fresh faced eager beavers from the FBI showed up unannounced (obviously) on my doorstep thoroughly convinced that my clients have been trading on copious inside information,” the email said. […]
Ladies and gentlemen, Since Jan 2009, Obama and the Democratic Congress delivered only to one group thus far: Wall Street! The following is from the NY Times: Want a Big Raise? Get a Wall St. Job “Wall Street incomes are surging back. The government reported this week that the real wage and salary income of […]
His name is Jerome Kerviel. He was a trader at Societe Generale, a French bank which did speculative trading as its main business along with some conventional banking. The bank says Kerviel made bets of up to euro50 billion – more than the bank’s total market value – on futures contracts on three European equity […]
Yes, that should be the proper headline for the settlement of Goldman Sachs, the Emperor of Fraudsters, with SEC. Via AP News: WASHINGTON (AP) — Goldman Sachs & Co. has agreed to pay $550 million to settle civil fraud charges that the Wall Street giant misled buyers of mortgage-related investments. The settlement was announced by […]
Guts, or kahunas as some would call it, look like this: In this video, Dylan raises temperature on the congressman who does nothing but divert the topic to criticize the Govt and spew Republican talking points. Talking point #1: Indict the Federal Government Talking point #2: Divert the topic to all Republican talking points And […]
William Fleckenstein is a great resource of sanity in the midst of bubble. He is my erstwhile blogging buddy on Silicon Investor before he catapulted into mainstream punditry. In fact, I got schooled a lot from him about Greenspan’s follies. Bill weighed in today about markets. Watch and think. “after having completely ignored the bursting […]
Wells Notice is issued to warn companies of potential criminal investigation. If a company receives Wells Notice, the event itself is deemed a news of material consequence on a firm’s business. All news of material consequence must be filed with SEC. Goldman received its Wells Notice in September 2009 and never filed with SEC about […]
The head of the Squid says, “We share some burden.”
