Your blood will boil....

[Cancel 2016.2]

http://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-street-crimes-20110817

Word of caution.... it is a five page article that will cause your blood to boil. I work in this industry and I would be shocked if this article captures 1% of the bullshit going on. This constant incestuous relationship between: Wall Street, DC and the Ivy Leagues (the third party the article fails to mention) is going to destroy us.

 

[Annie]

I'm just finishing reading 'Reckless Endangerment' and the above could have just been an additional chapter. That so many were involved in the meltdown of mortgages, thus real estate and are now on the boards of major banks and cabinet positions of US government is mind boggling.

One would like to think that with these issues now in the open, that the practices would stop. Little hope of that though:

http://www.washingtonpost.com/busin...e-obama-says/2011/08/15/gIQA8wP0HJ_story.html

 

[Rune]

Nothing new here. The revolving door between government and the financial industry is well documented.

If there were not collusion and coverup, many people would be in jail right now.

 

[Cancel 2018. 3]

i'll read more later, great article SF, thanks

 

[Damocles]

This crap makes me sick.

 

[cancel2 2022]

I'm just finishing reading 'Reckless Endangerment' and the above could have just been an additional chapter. That so many were involved in the meltdown of mortgages, thus real estate and are now on the boards of major banks and cabinet positions of US government is mind boggling.

One would like to think that with these issues now in the open, that the practices would stop. Little hope of that though:

http://www.washingtonpost.com/busin...e-obama-says/2011/08/15/gIQA8wP0HJ_story.html

Matt Taibbi writes extensively about Wall Street and especially about Goldman Sachs, he has predicted that cap and trade is the next bubble and it is hard to refute that assertion.

 

[Mott the Hoople]

http://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-street-crimes-20110817

Word of caution.... it is a five page article that will cause your blood to boil. I work in this industry and I would be shocked if this article captures 1% of the bullshit going on. This constant incestuous relationship between: Wall Street, DC and the Ivy Leagues (the third party the article fails to mention) is going to destroy us.

My sister subscribes to Stone and has been forwarding me Taibbi's articles for some time. You're right.....it makes your blood boil.