make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

Let's hope this is only the first

It's no secret that the major investment banks were packaging pure crap and marketing it as investment grade paper. Many of us knew it and avoided disaster. Many others who had relied upon the honesty and reputation of these banks for years got burned severely.

Since the cases are so convoluted and the law at the time non-existent when it came to structuring derivatives, the SEC can do little. This is one situation where I'm cheering for the trial lawyers. Time to go after GS, MS, JPM, CS, DB, and the rest of them. Don't forget S&P and Moody's, the co-conspirators/enablers.


The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

More information about formatting options

To prevent automated spam submissions leave this field empty.
Please re-enter the code shown in the image below.