Everything You Need to Know About Wall Street, in One Brief Tale - Matt Taibbi

Inflammatory writer Matt Taibbi!


You would think that Goldman Sachs was some type of blood sucking, parasitic organization...

Thanks for the thread, Klukie.

At first, I couldn't remember where I knew that name from. But then I looked it up and saw an explosive Atlantic magazine story, published last year, called, "E-mails Suggest Bear Stearns Cheated Clients Out Of Millions." And then I remembered that piece, and it hit me: Jeffrey Verschleiser is one of the biggest assholes in the entire world!

The story begins at Bear Stearns, where Verschleiser used to work, up until the company exploded, in large part because of him personally.

Back in the day, you see, Verschleiser headed Bear’s mortgage-backed securities operations. Toward the end of his tenure, his particular specialty began with what at the time was the usual industry-wide practice, putting together gigantic packages of crappy subprime mortgages and dumping them on unsuspecting clients.

Read more: http://www.rollingstone.com/politics/blogs/taibblog/everything-you-need-to-know-about-wall-street-in-one-brief-tale-20120113#ixzz1jNVdXAOS

...they'll even turn the lights out for ya.

You people just envy him 'cause he can afford to rent a whole hotel for a weekend for his little girl's party.

And unemployment is improving but only slightly.

Further, we have turned into a service-based economy. And that is very, very risky.

Why this Verschleiser is not in a jail cell or filing for personal bankruptcy after getting his pants sued off is a mystery.

Where is the SEC on this? Do they have any function at all these days?

exchange for blanket immunity for the bankers and banks that pay the token fines.

That way they all get to keep most of the money from the scams and walk free. The SEC is just a rather small part of the cost of doing business. The politicians that direct the SEC actually cost them more to keep in pocket.

Just think of the info we wouldnt know without him.

it's shocking that these people are not being prosecuted. what can we do?

I get so infuriated reading stuff like this.

OWS needs to start building a guillotine in Zuccotti Park so when the fuckers on Wall
St. look their windows then can tell how we the people really feel about them.

"We shouldn't begrudge them their wealth."

I know these guys, "and they are just savvy businessmen."

"I mean, look at all the baseball Players!"

"Its the FREE MARKET!!!"


---President Obama defending the outrageous bonuses of failed Wall Street Bankers



You will know them by their WORKS,
not by their excuses.
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The sad part is, they won't put a stop to this crap until people do start chopping heads in Zuccotti. They are mentally ill and take pleasure in the misery of others.