Sep 21, 2012 at 11:37 PM
How JPM Destroyed Lehman And Paid A Tiny $20M Fine
As you know, this week is the 4th anniversary of Lehman's failure. Here's the NYT article from Sep. 15, 2008 announcing the bankruptcy. It's pretty interesting to go back and get a taste of the panic that was gripping global markets at the time.
Here's another story that caught my eye.
VIDEO - Strippers, Keynes And The National Debt
Global Debt Bomb - The Economic Striptease Song
This is safe to watch and borderline genius.
FHFA Threatens Strategic Defaulters With Prison: "We're Going To Lock People Up"
"We're not just going to demand repayment, we're going to lock people up."
Check out this fear-mongering nonsense published by the Chicago Tribune over the weekend. So a 45-person enforcement office at the FHFA has the resources and incentive to put strategic defaulters in jail, but mention the name Jon Corzine to the 5,000 prosecutors at the Eric Holder Covington & Burling Department of Justice and they stick their heads so far down into the sand, their asses sprout beach umbrellas.
Wells Fargo To Foreclose On Dying Cancer Patient
Evening links:
- Bailed Out Wells Fargo To Foreclose On Dying Cancer Patient
- National deadline to request a free foreclosure review extended to Sept. 30
- $1.8 Trillion Annually: Obama Regulations Will Cost 20X Estimate
- Is This A Joke? - DOJ Review Says Holder did not know about 'Fast and Furious'
- Flashback: House committee suspects ‘Fast and Furious’ cover-up
- ATF Agent In Charge Of Fast 'N Furious Was Also Working For JPMorgan
- PRESENTING: The Most Corrupt Members Of Congress
- American Airlines expects to layoff 4,400 workers
- Time for Congress to Wean Banks From Outdated Crisis Backstop - WSJ
- Obama store sells Obamerican flag
- Andrew Ross Sorkin’s Bad Math on AIG - Naked Capitalism
- More Lawyers Become Defendants in Mortgage-Fraud Cases - WSJ
- Peregrine customers to get 30% of money back
- Sorkin’s AIG Fairytale Debunked by Sorkin - Barry Ritholtz
- Mortgage Lending Slid to 16-Year Low in 2011 - WSJ
- Sheila Bair: Two Years After Dodd-Frank, Why Isn’t Anything Fixed?
- Forbes' list of 400 Richest Americans got richer in 2012
- U.S. Seafood catch largest in nearly two decades
- Uruguay Pushes for Legal Marijuana to Stem Violence - Bloomberg
- PHOTOS - NYPD deployed mysterious surveillance truck at OWS anniversary
Finally, 3 Occupy Wall Street signs from today:
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Video: Counterfeit Engelhard 100 Ounce Silver Bars
In Late September, 2010 we received our first of several reports of suspicious Engelhard 100oz silver bars. They were underweight, and it at first appeared that they were real Engelhard bars that were shaved (where someone would cut off a small amount from the sides of the bar). However, upon receiving a sample, it turned out not to be made of silver, and is most likely lead.
60 Minutes: The Criminal Case Against Lehman Brothers
Lehman Bankruptcy trustee Anton Valukas on 60 Minutes. This story was first broadcast by CBS in April of this year and was re-broadcast in August. This is the first and only time Valukas has given an interview about the findings of his report.
Full transcript inside.
Brad Sherman: Martial Law And Blood In The Streets
Bow your heads before Henry Paulson...
The famous 'Paulson threatened martial law' speech by Sherman.
Bankruptcy Trustee: "No Criminal Fraud At Lehman"
"I hope I never see another case like this in my lifetime."
Update on the Lehman bankruptcy - Sep. 17. Tom Keene interviews Harvey Miller, the leading bankruptcy attorney in the U.S., and the man in charge of unwinding Lehman.
Complete nonsense from Miller, but that can't be surprising at this stage of the 'great criminal amnesia of 2008' that pervades Treasury and DOJ. Despite Miller's whitewash of the Vaukas bankruptcy report, Repo 105 transactions are the very definiton of malicious investor fraud.
Much more inside.