Thursday
May132010
Dead Presidents Vs. Abacus: Comparing the Morgan and Goldman CDO Cases
Helpful look from Michael Corkery at the WSJ Deal Journal.
May 13, 2010 at 3:54 PM
Thursday
May132010
CONSPIRACY: Max Keiser & Stacey Herbert -- Big Banks Crashed The Stock Market To Defeat Wall Street Reform
It's juicy theory without any proof, but it has the air of plausibility. In my mind, there is no doubt the market crash on September 29, 2008 was engineered by Wall Street to scare Congress into approving Paulson's TARP. The authors make the case that the same thing happened last Thursday.
Article and 2 short clips.
Thursday
May132010
Thursday
May132010
INVESTIGATION: Cuomo Issues Subpoenas To 8 Wall Street Banks -- Did They Lie To Get AAA Ratings For CDOs?
Too early to say, but it sounds like Cuomo has finally begun to listen to Eliot Spitzer, who has been making this case in the media for months. Was there a pattern of lying and providing misleading data to credit rating agencies by the investment banks? Subpoenas were issued last night, so it's likely the shredding of documents has begun.
What? Me, cynical?
Watch Spitzer & Ratigan explain the FRAUD (Classic Clip) >>
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Thursday
May132010
Thursday
May132010
Bankers jailed, sued as Iceland seeks culprits for crisis
Icelanders are doing things correctly. First, they rejected the bailout of UK depositors, and now the guilty bankers are being rounded up and jailed. Hmm, what could we possibly learn from Iceland?
Wednesday
May122010
Wednesday
May122010
Evening Reading (May 10, 2010)
Paul Volcker just saved Wall Street's bankers ... and now he owns them
The Finance Lobby Goes to Work – Will Wall St. Reform Actually Affect Wall St.?
Nassim Taleb Kills $20 Billion Swan, WSJ Crashes Credibility (By Janet Tavakoli)
Blaming Merrill Might Set Goldman Sachs Free: Michael Lewis
JPMorgan Chase Warns Investors About Underwater Homeowners Walking Away
Read this Trash: Bailout -- Best Program Evaaah?
Wall Street LOBBYING: Report Blames Revolving Door For 'Too Big To Fail'
Grassley Signs On To Bipartisan Franken Amendment On Rating Agency Reform
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Wednesday
May122010
Wednesday
May122010
