A little more fuel for Hud's fire
broaden YOUR source of news Bozzy baby..
..it's not all about spondulicks, it's very often to avoid a fraud-rap, and it is because many know the system is fucked. And several ARE being done for fraud, many more to follow.
http://americankabuki.blogspot.com/p/131-resignations-from-world-banks.html
Lord Huddington
Actually I'm not knocking your posts, not at all and certainly a symbolic number of heads will deservedly roll. As you're aware, I've not been happy with large banks, indeed most large financial institutions for years. Personally I choose to do business with smaller firms, though would be telling porkies not to admit (limited)interests in some of the big guys.
This shuffle in personel might bring a slightly more civil CEO / CFO for a few years, but if you think prudence is on the horizon you are mistaken as the same pressures which kicked this all off are still being applied even as I type.
These resignations...strange how disgraced professionals guilty of the biggest fraud since the South Sea Bubble are walking away with ten, twenty, thirty, one hundred million in severance, bonuses and options.
Too many of the gold cufflink crew socialise with the same legislatures and judiciary who will be trying them, for they are the same people. The political leaders calling for heads have benefitted far too often from donations, influence, the printing press, to allow a mass sullying of reputations, why that might denigrate their very integrity.
Again, why does anyone think this being 'fixed' when the people involved in creating it are members of or advising the current American administration and probably the next one as well.
Governments influence in banking is like the tide, it keeps coming back.
err...slightly sheepishly I realise
that tomorrow we(not in the royal sense), are kicking off the Paddy's Day weekend by frequenting an establishment where 50% of my drinking chums will be rather high level banking types. I'll let them know they're a bunch of merchants, safe in the knowledge that it doesn't mean anything in Americanese.
http://www.thevaultboston.com/directions.html
Even MORE insanity
http://www.telegraph.co.uk/finance/economics/gilts/9141842/Britain-to-offer-100-year-gilts.html
Pay you back in 100 years,OK?


Business shows were featuring this all evening. As obvious as the contents of this piece are to any who read the financials, it is interesting how yet again no-one thinks it worthwhile to point out the decades long connections between Goldman and the Democrat Party.
http://www.dailymail.co.uk/news/article-2114829/Greg-Smith-resignation-l...