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Author Topic: No one noticed derivatives/mortgages going sour for years?  (Read 1120 times)
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WhiskeyGirl
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« on: June 02, 2010, 07:39:52 AM »

Barnie "Freddie/Fannie are safe" - Why didn't Congress hear the warning cries for reform?  Notice a problem?

How did Wall Street, the Federal Reserve, Treasury, Big Banks lose all that money and nobody noticed?  Sounded the alarm?


Quote
Hong Kong Fines Merrill for Exec Concealing Losses

Hong Kong regulators have fined  Merrill Lynch $450,000 after an executiveís concealing losses in a trading account went undetected by the bank for nearly a year, The Associated Press reported.

Hong Kongís Securities and Futures Commission announced the fine against Merrill Lynch (Asia Pacific) and Merrill Lynch Futures (Hong Kong) in a statement on Monday.

The S.F.C. said a Merrill Lynch managing director falsely marked a trading book in exotic options by manipulating its valuation model from December 2007 to October 2008, concealing actual losses in the account by inflating its value by $25 million. The regulators didnít identify the executive.

http://dealbook.blogs.nytimes.com/2010/06/01/hong-kong-fines-merrill-for-exec-concealing-losses/

ahhh...Congress is leading the 'reform' effort? 

The blind leading the blind?

The unseeing/uncaring being lead by profits and re-election?


Are the losses or the cover-up a crime?

just my humble opinions
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All my posts are just my humble opinions.  Please take with a grain of salt.  Smile

It doesn't do any good to hate anyone,
they'll end up in your family anyway...
Edward
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« Reply #1 on: June 02, 2010, 12:36:19 PM »

You do remember what Bush said..
Nobody had seen this comming..

How about Greenspan..
Nobody had seen this comming..

How about Clinton..
I did not have sex with that little girl.. Or something like that 

Anyways.. They are ALL Liars.

This is ALL a planned and strategic event being performed for reasons beyond the common man worldwide.
jmho
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WhiskeyGirl
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« Reply #2 on: June 03, 2010, 07:47:21 AM »

You do remember what Bush said..
Nobody had seen this comming..

How about Greenspan..
Nobody had seen this comming..

How about Clinton..
I did not have sex with that little girl.. Or something like that 

Anyways.. They are ALL Liars.

This is ALL a planned and strategic event being performed for reasons beyond the common man worldwide.
jmho

Maybe they didn't see the end of the party coming...

They thought the river of cash for the job rotation, friends and family would never end.

Will it end?  Or, will the American people just keep paying off their massive debt?  How long before someone in addition to Mexico invades? 
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All my posts are just my humble opinions.  Please take with a grain of salt.  Smile

It doesn't do any good to hate anyone,
they'll end up in your family anyway...
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