Caught Between a soul in every stone unturned under the inexhorable Goldman's Sack

[rich]

do you think everyone on wall st is a crook
I don't

On Mon, May 3, 2010 at 1:05 AM, Richard Fiero <rfiero at gmail.com> wrote:
> alice wellintown wrote:
>>
>> . . .
>> Wall Street is smart. Most people are not smart.
>>
>> How do we protect the dumb and dumber from the Smart Wall Streeters?
>>
>> We can't.
>
> . . .
> Oh let me just begin to count the ways:
> Lehman
> Bear Stearns
> Enron with just about every investment bank and several equity firms acting
> as cheerleaders and on the take.
> Bankers Trust (often called bonkers trust) was innovative in derivatives
> similar to Goldman:
> "[what[ Bankers Trust can do for Sony and IBM is get in the middle and rip
> them off--take a little money.'' The employee then added: ``Let me take that
> back. I just realized that I'm being filmed.'' In another conversation it
> was found one employee remark over P&G's deals as  ``This could be a massive
> huge future gravy train.'' Even the tape showed that a few employees were
> having fear about the destiny of BT ``fears of SEC probes.'' ``This wave was
> always...made up of polluted water,'' one  said. The other replied ``as soon
> as we quit selling dynamite, maybe we'll have a good business.''
>