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The Wall Street Scandal of all Scandals

By Woodshedder – Sat Jul 7, 2012 9:16pm – 2 Comments

I seldom agree with Robert Reich, but I believe he is on target with this piece. Read the article here.

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2 Responses to The Wall Street Scandal of all Scandals

Yogi and Boo Boo says:

July 7, 2012 at 10:00 pm

Wood, Thanks. Glad to see you’re also reading our friends on the left side of the spectrum. My favorite quote on this has been from CFTC Commissioner Bart Chilton, who said when he saw the trader’s e-mail asking to put a “fix” in for LIBOR so his trade would be good he, “felt sick to his stomach”.

I guess some people just need that extra edge to to be profitable.

Woodshedder says:

July 7, 2012 at 10:35 pm

It really is sad. It just gives more fodder for those who want to completely dismantle the free market.

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Recent Comments

Po Pimp (6 hours ago) The next time this dipshit is right about anything will probably be the first time. [...]

Mr. Cain Thaler (10 hours ago) I mean, if you just keep saying "it'll be by the 3Q of this year", eventually you'll be right [...]

CRONKITE (10 days ago) I'll wager on trying to understand, but ignoring for what they believe is the greater good for now. [...]

Mr. Cain Thaler (14 days ago) Ugh, the whole premise of that was since the Fed (themselves) are buying the shit out of bonds, that somehow makes stocks cheaper / safer by [...]

CRONKITE (14 days ago) indeud! We have a right to know... [...]

Po Pimp (15 days ago) E&Y uncovers all this fraud in their survey, but how many financial statements have they refused to sign off on? Inquiring minds want t [...]

CRONKITE (16 days ago) it was a great slide show and it is a wonder we have come this far. perception is everything, but all that downward force will have to rever [...]

drummerboy (17 days ago) great article.this is what i was trying to explain to Bullish,on scott bleirs' thread the other day.this is more of a thorough explanation o [...]

CRONKITE (20 days ago) if u say so.... dare i say we go the other way [...]

Po Pimp (21 days ago) Cool. With the slack asses coming out of school now we will be at 0% unemployment in no time. [...]
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DOW 15,294.50 -0.08% NASDAQ 3,459.42 -0.11% S&P 500 1,650.51 -0.29% VIX 14.07 1.81%	SPX 500 (CFD) 1,652.60 0.13% DOW (CFD) 15,308.00 0.09% NASDAQ 100 2,995.30 0.13% EURUSD 1.293 -0.01%	UK 6,696.79 -2.10% GERMANY 8,351.98 -2.10% FRANCE 3,967.15 -2.07% SPAIN 8,343.60 -1.40%	H. KONG 22,669.70 -2.54% JAPAN 14,484.00 -7.32% KOREA 1,969.19 -1.24% SHANGHAI 2,275.67 -1.16%	NAT GAS 4.26 0.07% GOLD 1,390.80 -0.07% SILVER 22.53 0.15% COPPER 3.31 0.41%	FRANCE 2YR 0.19 -10.90% GERMAN 2YR 0.01 600.00% ITALIAN 2YR 2.18 27.59% SPAIN 2YR 2.81 8.21%	FRANCE 10YR 1.94 2.16% GERMAN 10YR 1.44 1.19% ITALIAN 10YR 4.03 3.02% SPAIN 10YR 4.29 2.70%	WTI 94.23 -0.02% BRENT 102.66 0.06% WTI/BRENT 8.43 321 CR SPR 21.96 10.04%