Bob Jensen's Threads on Rotten to the Core. Bankers bet with their bank's capital, not their own. If the bet goes right. Sebastian Mallaby. Council on Foreign Relations, as quoted by. Avital Louria Hahn, . Brazil made in the quotation that I placed. You have to scroll down some distance to find the Brazil quotation.)Today's Bourgeoisie. Education molds not just individuals but also common assumptions and. And when it comes to the business world, our. History suggests it was. Even Isaac Newton, of gravity fame but who also held the. South Sea Bubble. He got out. thinking it was a bubble, then got back in when it kept going up. He lost a. small fortune in the process when it finally collapsed. Human greed, coupled. Criminals on Wall Street and one particular U. S. Congressional. Committee stole a few chocolates from the boxes and replaced them with turds. These boxes were then sold all over the world to investors. Suddenly nobody. trusts American chocolates anymore worldwide. Hank Paulson now wants the. American taxpayers to buy up and hold all these boxes of turd- infested. Meanwhile, Hank's buddies, the Wall Street criminals who stole all the. Momma always. said: '. Thousands of. subprime mortgage lenders and brokers—many of them the very sorts of firms that. Their new strategy. I took one look at the fees Wells Fargo was charging and immediately advised a change to Vanguard. As an example, the Wells Fargo S&P 500 index fund. Rotten to the Core --- Part 1 Scroll Down. Rotten to the Core Part 2 http:// Bob Jensen at Trinity University. You read that. correctly. Some of the same people who propelled us toward the housing market. Washington, meanwhile, has vastly expanded the availability of such. Chad Terhune and Robert Berner. The greedy slime balls . The pirates would buy Citigroup with new debt and. Saudi Arabian oil tanker. The. Somali pirates are offering up to $0. Citigroup, pirate. Sugule Ali said earlier today. The negotiations have entered the. Ali said. Be happy we are in the mood to offer the. The pirates will finance part of the purchase by. Pirate Ransom Backed Securities. The PRBS's are backed by the. Gulf of Aden. Head pirate, Ubu Kalid Shandu, said . Thankfully, the. dislocations in the capital markets has allowed us to purchase Citigroup at. TARP capital to grow the. We. are coastguards and this will just allow us to guard our coasts better. The book, titled “Flash Boys,” will be released by. W. W. Norton & Company on March 3. A spokeswoman for Norton said the new. Wall Street.” Starling Lawrence, Mr. Lewis’s editor, said in a. Michael is brilliant at finding the perfect narrative line for. That’s what makes his books, no matter the topic, so indelibly. Mr. Lewis is the author of “Moneyball,” “Liar’s. Poker” and “The Big Short.”Jensen Comment. His books are both humorous and well- researched. Absolutely Must- See CBS Sixty Minutes Videos You, your students, and the world in general really should repeatedly study the. Two of them are best watched after a bit of homework. Video 1. CBS Sixty Minutes featured how bad things became when poison was added to loan. This older Sixty Minutes Module is entitled . On. some occasions the lenders like Washington Mutual also naively kept some of the. The cause of this fraud was separating the compensation for brokering mortgages. First Read About Mervene - -- . Bailout. htm#Sleaze. Then Watch Video 1 at. Main; content. Body. Videos 2 and 3. Inside the Wall Street Collapse (Parts 1 and 2) first shown on March 1. Video 2 (Greatest Swindle in the History of the World) - -- . Main; content. Aux. Video 3 (Swindler's Compensation Scandals) - -- . Main; content. Aux. My wife and I watched Videos 2 and 3 on March 1. Both videos feature one of. Michael Lewis, who hhs been writing (humorously. Wall Street scandals since he was a bond salesman on. Wall Street in the 1. The other person featured on in these videos is a. Asperger Syndrome who made hundreds of millions of. CDO markets while the shareholders of. Merrill Lynch, AIG, Lehman Bros., and Bear Stearns got left. Michael Lewis, who chronicled. Liar’s Poker, returns to his old haunt to figure out what went. But when the temptation arose, they all gave in to it.” He agreed. Fake reviews, both good and bad, threaten to undermine trust in reviews and damages both authors and readers. Want to watch this again later? Sign in to add this video to a playlist. Descendants soundtrack featuring Sofia Carson’s “Rotten to the Core” is. Want to watch this again later? Sign in to add this video to a playlist. Soundtrack to Disney Channel Original Movie “Descendants” is available now.When a Wall. Street investment bank screwed up badly enough, its risks became the. U. S. He was out of the game. This is a must read to understand what went wrong on Wall Street - -- . Michael Lewis, who chronicled its excess. Liar’s Poker, returns to his old haunt to figure out what went wrong. I was 2. 4 years. The essential function. Wall Street is to allocate capital—to decide who should get it and. Believe me when I tell you that I hadn’t the first clue. I stumbled into. a job at Salomon Brothers in 1. I wrote a book about the experience, the. I figured the situation was. Sooner rather than later, someone was going to identify. Sooner. rather than later, there would come a Great Reckoning when Wall Street. When I sat down to write my account of the. Liar’s Poker, it was called—it was in the spirit of a. I. was merely scribbling down a message on my way out and stuffing it into. Unless some insider got all of this down on. I figured, no future human would believe that it happened. Lyrics to 'Rotten to the Core' by Overkill. I have got a secret, hidden behind my eyes / A violation tragedy of violence hate and lies / Locked deep within a. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, or visit the webmaster's page for free fun content. I thought I was writing a period piece about. America. Not for a moment did I suspect that the financial. Wall Street and ordinary life would swell into a. I expected readers of the future to be outraged that. C. E. O. Somehow that message failed to come across. Six. months after Liar’s Poker was published, I was knee- deep in letters from. Ohio State who wanted to know if I had any other secrets to. Wall Street. They’d read my book as a how- to manual. In the two decades since then, I had been. Wall Street. The outrageous bonuses, the slender. Long- Term Capital. Management: Over and over again, the big Wall Street investment banks. Yet they just kept on. The. rebellion by American youth against the money culture never happened. At some point, I gave up waiting for the end. It also reordered the power on Wall Street. What a Swell Party A. Wall Street highs and lows from 1. Then came Meredith Whitney with news. Whitney was an obscure. Oppenheimer Securities who, on October. On that day, she predicted that. Citigroup had so mismanaged its affairs that it would need to slash its. It’s never entirely clear on any given day what. October 3. 1, Meredith Whitney caused the market in financial stocks to. By the end of the trading day, a woman whom basically no one had. Four days later, Citigroup’s C. E. O., Chuck Prince. In January, Citigroup slashed its dividend. From that moment, Whitney became E. F. Hutton. When she spoke, people listened. Her message was clear. If you want to. know what these Wall Street firms are really worth, take a hard look at. The vast assemblages of highly. For better. than a year now, Whitney has responded to the claims by bankers and. You’re wrong. Rivals accused Whitney of being overrated. What she was, mainly, was right. There was no way she. Wall Street firms. Now, obviously, Meredith Whitney didn’t sink. Wall Street. She just expressed most clearly and loudly a view that was. Eliot Spitzer’s campaign against Wall Street corruption. If mere scandal. could have destroyed the big Wall Street investment banks, they’d have. This woman wasn’t saying that Wall Street bankers. She was saying they were stupid. These people whose job it. At some point, I could no longer contain. I called Whitney. This was back in March, when Wall Street’s. I thought, If she’s right, then this. Wall Street as we’ve known it. I was curious. to see if she made sense but also to know where this young woman who was. It turned out that she made a great deal of. Wall Street in 1. Brown. University history department. She’d wound up at Oppenheimer and had. His name, she says, was. Steve Eisman. Eisman had moved on, but they kept in touch. But a few months later, I called Whitney again and. I was asking others, whom she knew who had anticipated the. There’s a. long list of people who now say they saw it coming all along but a far. Of those, even fewer had the. It’s not easy to stand apart from mass. A handful of people had. Whitney rattled off a list with a half- dozen names on it. At. the top was Steve Eisman. Steve Eisman entered finance about the time I. He’d grown up in New York City and gone to a Jewish day. University of Pennsylvania, and Harvard Law School. In 1. 99. 1. he was a 3. My parents worked as brokers at Oppenheimer. They. managed to finagle me a job. It’s not pretty, but that’s what happened.”. He was hired as a junior equity analyst, a. That changed in. December 1. Ames Financial went public and no one at. Oppenheimer particularly cared to express an opinion about it. One of. Oppenheimer’s investment bankers stomped around the research department. The category didn’t include. J. P. Morgan, but it did encompass many little- known companies that one. American finance. The second company for which Eisman was given. Lomas Financial, which had just emerged from. I thought there were three boxes—buy, hold. He was. pressured generally to be a bit more upbeat, but upbeat wasn’t Steve. Eisman’s style. Upbeat and Eisman didn’t occupy the same planet. A hedge. fund manager who counts Eisman as a friend set out to explain him to me. After describing how Eisman exposed various. Continued in article. Michael Lewis, Liar's Poker: Playing the Money Markets (Coronet, 1. ISBN 0. 34. 07. 67. Lewis writes in Partnoy’s earlier whistleblower. Salomon Brothers. Reply from Tom Hood. Thanks Bob for the Michael Lewis article, “The End” – great explanation of. Just found this one that does a. Tom Hood, CPA. CITP, CEO & Executive Director, Maryland Association of CPAs. Check out our blogs for CPAs. Financial WMDs (Credit Derivatives) on Sixty Minutes (CBS) on August 3. Body; housing. The free download will only be available for a short while. I downloaded this. Mbs) using a free updated version of Real. Media - -- . http: //www. The interview features my hero Frank Partnoy. I don't know of. anybody who knows derivative securities contracts and frauds better than Frank. Partnoy, who once sold these derivatives in bucket shops. You can find links to. Partnoy's books and many, many quotations at. Fraud. Rotten. htm#Derivatives. Frauds. For years I've used the term . The analogy of a bucket shop would be a room full of. NFL playoff games.
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