Mon 2009-10-26 09:13 EDT
Wall Street's Naked Swindle : Rolling Stone
A scheme to flood the market with counterfeit stocks helped kill Bear Stearns and Lehman Brothers -- and the feds have yet to bust the culprits. [naked short selling]
Wall Street's Naked Swindle Topic in The Credit Debacle Catalog
Jesse's Café Américain Fri 2009-10-23 19:27 EDT
Matt Taibbi: Wall Street's Naked Swindle
This is worth reading. Wall Street's Naked Swindle by Matt Taibbi. Closing quote from this story: "The new president for whom we all had such high hopes went and hired Michael Froman, a Citigroup executive who accepted a $2.2 million bonus after he joined the White House, to serve on his economic transition team -- at the same time the government was giving Citigroup a massive bailout. Then, after promising to curb the influence of lobbyists, Obama hired a former Goldman Sachs lobbyist, Mark Patterson, as chief of staff at the Treasury. He hired another Goldmanite, Gary Gensler, to police the commodities markets. He handed control of the Treasury and Federal Reserve over to Geithner and Bernanke, a pair of stooges who spent their whole careers being bellhops for...
Jesse's Café Américain; Matt Taibbi; Wall Street's Naked Swindle.