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Government To Pretend It Will Prosecute Wall Street

Tyler Durden's picture




 

In what is merely the latest act in the neverending play of fraud and corruption, the bipartisan panel appointed by Congress to investigate the financial crisis has concluded
that several financial industry figures appear to have broken the law
and has referred multiple cases to state or federal authorities for
potential prosecution reports the Huffington Post. "The sources, who spoke on condition they not be named, declined to
identify the people implicated or the names of their institutions. But
they characterized the panel's decision to make referrals to prosecutors
as a significant escalation in the government's response to the
financial crisis." Well, it would be so easy to believe that this is not merely the latest political attempt at cowardly subterfuge before their Wall Street overlords by the corrupt Congressional puppets if this same ploy had worked out a little better the last time, oh, precisely zero bankers were thrown in jail. That said, the semi-informed public who sees massive fraud and endless lies now on a daily basis will get more disclosure on Thursday when the "final report" is expected to be released. Said semi-informed people will be shortly disappointed when nothing at all comes out of this. As for the 99% of the less than semi-informed US population, well, they couldn't care less.

From HuffPo:

In the three years since major lenders teetered on the brink of collapse, prompting huge taxpayer rescues and amplifying an already painful recession into the most punishing downturn since the Depression, public indignation has swelled while few people who played prominent roles in the crisis have faced legal consequences.

That may be about to change. According to the law that created the Financial Crisis Inquiry Commission, the panel has a responsibility to refer for prosecution any evidence of lawbreaking. The offices that have received the referrals -- the Justice Department, state attorneys general, and perhaps both -- must now determine whether to prosecute cases and, if so, whether to pursue criminal or civil charges.

Though civil charges appear a more likely outcome should prosecution result, one source familiar with the panel's deliberations said criminal charges should not be ruled out.

Surely, Lloyd, Vic and Jamie are shaking in their boots. And just to extend the subreality distraction show by a few more days, while something far more criminal is likely taking place behind the scenes, the general public has two more days in which to imagine that one day someone may go to jail for the biggest legal heist in US history.

The commission's decision to refer conduct for prosecution underscores the severity of the activities it has uncovered and plans to detail in its widely anticipated final report, the sources said.

A spokesman for the commission declined to comment. "I cannot comment on the commission's report or its activities until January 27th," said the spokesman, Tucker Warren.

More here.

 

 

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Mon, 01/24/2011 - 22:42 | 901326 topcallingtroll
topcallingtroll's picture

Woohoo! Lets catch a couple of little fish and make an example of them.

Mon, 01/24/2011 - 23:07 | 901403 In Fed We Trust
In Fed We Trust's picture

As a bank, you are either a member of  cartel or you are not a member.  Seeing how there is only 8-10 members of the cartel, then chances are you are not part.

Obviously Madoff was not part of the cartel and was offered up.

All you small fish banks will be broken up into small bite pieced by the FDIC for the member banks.

A number of hedge funds, broker dealers etc, (non members) will be offered up in this pretend to go after Wall ST period.

Tue, 01/25/2011 - 00:24 | 901490 Quixotic_Not
Quixotic_Not's picture

When swimming with sharks, make sure to either:

A.  Have no open wounds...

B.  Take aggressive action(s) to ensure that others more wounded than you...

C.  Hide the injury in an air-tight seal, effectively masking the wound from even a smell test.

Small fish banks = Chum

Tue, 01/25/2011 - 01:16 | 901699 Malcolm Tucker
Malcolm Tucker's picture


Algeria might be the next domino to fall because of Bernanke and company. Here are videos of the riots and even the hacking group Anonymous is getting in on the action!

http://fedupmontrealer.blogspot.com/2011/01/algeria-next.html

Tue, 01/25/2011 - 08:20 | 902014 Popo
Popo's picture

Will you be pimping your blog with the same unrelated comment on every thread?

Tue, 01/25/2011 - 01:09 | 901694 Hedge Jobs
Hedge Jobs's picture

'Obviously Madoff was not part of the cartel and was offered up"

Obviously you havent looked in to the Madoff case very closely IFWT the guy was nasdaq chairman and was not offered up. His fraud and usury was just so blatantly in your face not even the MSM could put a positive spin on it. Before he went away though all the money had already been sent to isreali interests, his demise had been well orchestrated to maximise losses for his investors and maximise illegal profits for his synagogue buddies. Why do you think he is the only one in jail over it? You really think one person alone can run a multi decade $50 billion fraud? Common sense would suggest not.

Tue, 01/25/2011 - 09:11 | 902114 bonddude
bonddude's picture

Bank regulators swing and miss madoff style

http://www.youtube.com/watch?v=KKIKTHJE2tk

Tue, 01/25/2011 - 09:13 | 902121 bonddude
bonddude's picture

OBAMA and Bush discuss sonoma vampire bankers

http://www.xtranormal.com/watch/8287439/

Mon, 01/24/2011 - 23:27 | 901473 I think I need ...
I think I need to buy a gun's picture

10 cops dead around the nation in 24 hours. Abc world news tonight said "the experts" couldn't figure out why.......

Tue, 01/25/2011 - 03:07 | 901803 StychoKiller
StychoKiller's picture

Respect for religion must be reestablished. Public debt should be reduced. The arrogance of public officials must be curtailed. Assistance to foreign lands must be stopped or we shall bankrupt ourselves. The people should  be forced to work and not depend on government for subsistence. - Cicero, 60 B.C.

Tue, 01/25/2011 - 05:42 | 901913 AnAnonymous
AnAnonymous's picture

Woohoo! Lets catch a couple of little fish and make an example of them.

 

Some people must sleep sleepless nights.

"Am I part of the gang?" "Will I be run under the train to satisfy the US mob spirit?"

The US is all about groups. People who are not part of the right groups either no longer sleep or are under heavy medication. Their acts do not really matter. Caught people will be the less efficient actually.

A kind of meritocracy.

Tue, 01/25/2011 - 09:41 | 902197 sushi
sushi's picture

Even if convicted they will just pretend to serve time.

Mon, 01/24/2011 - 22:51 | 901341 lynnybee
lynnybee's picture

"  As for the 99% of the less than semi-informed US population, well, they couldn't care less. "

I care.   I care a lot.   I care for myself, for my kids & grandkids.   I'm buying silver, gold & a gun & NO ONE, especially no stinking gov't-types are going to take away my god-given rights.    I've come full circle; from being scared shitless to being so angry (& educated)  that NO ONE is going to ever take advantage of me again .

Mon, 01/24/2011 - 22:56 | 901380 sourgrapesson
sourgrapesson's picture

You GO Girl!!

Mon, 01/24/2011 - 23:16 | 901431 Arch Duke Ferdinand
Arch Duke Ferdinand's picture

""You GO Girl""

Lady Ga Ga Parody.....Poker Face/Kosher Face...

http://goodthoughtsgoodwordsgooddeeds.blogspot.com/2011/01/sing-along-w-lady-ga-ga-parodies.html

Mon, 01/24/2011 - 23:08 | 901405 weinerdog43
weinerdog43's picture

Get the gubmint outta my Medicare!

Mon, 01/24/2011 - 22:46 | 901342 The Count
The Count's picture

"...It Will Prosecute Wall Street"

Hahaaaah haaaaaa ha hahaaaaaa

 


Mon, 01/24/2011 - 23:38 | 901496 Rick64
Rick64's picture

Well would you believe remorseful testimony and berating from the Financial Crisis Inquiry Commission? No

Well would you believe deferred bonuses up to a year?

http://www.youtube.com/watch?v=0Hd2e_tRBlY

Mon, 01/24/2011 - 22:49 | 901355 Gimp
Gimp's picture

They ain't going to bite the hand that feeds them, let's get real.

 

Mon, 01/24/2011 - 22:50 | 901356 JW n FL
JW n FL's picture

the new team could not find the paper trail here, google was down the 1 time they searched (over a 3 year period)...

Mon, 01/24/2011 - 22:50 | 901359 Lucius Corneliu...
Lucius Cornelius Sulla's picture

Paulson, Dimon, Mozilo and Blankfein are all shaking in their boots .... NOT!

Mon, 01/24/2011 - 22:54 | 901361 knukles
knukles's picture

Anonymous sources decline to name names and somebody thinks this comes from Realityland?

Let me be the first to call Bullshit!

 

A spokesman for the commission declined to comment. "I cannot comment on the commission's report or its activities until January 27th,"
Insightful comment.
God's grace has been bestowed upon us, once again. 
Hallelujah!

Mon, 01/24/2011 - 22:52 | 901364 JW n FL
JW n FL's picture

When the 10-member panel was first convened in late 2009, participants emphasized that they did not intend to focus on prosecution, but were rather intent on illuminating the root causes of the crisis.

Indeed, the fact that the body has opted to make referrals adds an unexpected coda to a proceeding that some observers have written off as just another bit of Washington stagecraft aimed at generating headlines.

"Few will notice its absence," said Michael Perino, a law professor at St. John's University School of Law in New York and an expert in financial history, in an opinion piece published in the New York Times last October. It "had no discernible influence over the financial reforms." He added: "How did this commission fail so badly?"

But the decision to refer cases for potential prosecution could provoke a different conclusion: It may yet satisfy public craving for what Treasury Secretary Timothy Geithner once referred to as the "very deep public desire for Old Testament justice."

 

Mon, 01/24/2011 - 22:52 | 901366 Stuck on Zero
Stuck on Zero's picture

We've seen this before.  Prosecutors will go after the upstart competitors to the hardcore banksters.

Mon, 01/24/2011 - 22:53 | 901368 High Plains Drifter
High Plains Drifter's picture

Yeh they round up all of the Italians but they don't even worry one bit about the thugs on wall street etc.

Mon, 01/24/2011 - 22:55 | 901373 Cdad
Cdad's picture

CAPITAL WILL NOT FORM IN BANKS AS CORRUPT AS THESE.

Call it my mantra.  Anyway, it is fact.  If folks cannot TRUST other folk to treat their money well...it will not form. Without capital formation, there is not economic recovery in America.  OH...and this, BTW, is why Ben Bernanke is currently counterfeiting the crap out of our currency.

It must be stopped.  Confidence must be restored.  There are no half measures in justice that is backed by the law.

OR...we are lawless. 

Either way...say it, Uncle Sam.  Say it, Banana Bernanke.  If we are no longer a nation of laws...say it!

Mon, 01/24/2011 - 22:55 | 901376 JW n FL
JW n FL's picture

This week the Financial Stability Oversight Council put out a study and recommendations on the Volcker Rule, providing a road map toward the rules that will come out within a few months.

According to the New York Times, the hurdle they face is simple: there is no easy way to tell a proprietary trade from another kind of trade, particularly given the exemptions worked into the law.

Yet in the end, the Volcker Rule may work, even if there are ways around it, says Times columnist Floyd Norris, who interviewed 83-year-old Paul Volcker.

"I may not understand modern financial attitudes," Volcker said, "but I don't think a bank wants to be conducting financial activities that will be revealed as simply skirting the law."

http://www.wallstreetandtech.com/articles/229100012?cid=nl_wallstreettech_daily

Mon, 01/24/2011 - 22:56 | 901379 JW n FL
JW n FL's picture

ZURICH - Police will question former banker Rudolf Elmer on Thursday over possible fresh breaches of Swiss bank law for giving data to WikiLeaks this week, a day after he was found guilty of violating bank secrecy.

Authorities have 48 hours from Elmer's arrest to decide whether they have grounds to hold him in custody for longer, state prosecutor Peter Pellegrini said on Thursday.

http://www.wallstreetandtech.com/articles/229000972?cid=nl_wallstreettech_daily

Mon, 01/24/2011 - 22:57 | 901383 JW n FL
JW n FL's picture
SEC May Review Asset-Backed Securities Standard

 

WASHINGTON - U.S. regulators are mulling rules requiring asset-backed securities issuers to conduct a more thorough review of underlying assets to better inform investors, according to a person familiar with the matter.

The Securities and Exchange Commission is set to adopt new rules Thursday designed to make sure investors know the quality of the assets after those linked to toxic mortgages led the United States into a deep financial crisis. The rules were required under the Dodd-Frank Wall Street reform law.

http://www.wallstreetandtech.com/articles/229000904?cid=nl_wallstreettech_daily

Mon, 01/24/2011 - 23:00 | 901388 Mitchman
Mitchman's picture

Oops.  Is it time to take Holder out of the refrigerator again?

Mon, 01/24/2011 - 23:09 | 901413 weinerdog43
weinerdog43's picture

Inaction Jackson!  To the Rescue!  Not.

Mon, 01/24/2011 - 23:09 | 901398 99er
99er's picture

From Jesse...

America is caught in a confidence or credibility trap, in which the changes, investigations, and reforms necessary to restore trust to an economy or market are rendered unlikely because doing so would expose a pervasive corruption that the principals fear would destroy any remaining trust.  It could also endanger the careers of politicians and business people who may have permitted and even appeared to facilitate the control fraud that caused the financial crisis in the first place. Personal risk trumps public stewardship.

http://jessescrossroadscafe.blogspot.com/2011/01/america-is-trapped-in-m...

 

Mon, 01/24/2011 - 23:10 | 901417 jomama
jomama's picture

systems that cannot be sustained will ultimately fail.

i'll pretend to buy the line and continue to build up my PM collection.

it's the most effective way to say FU to the despicable establishment.

Mon, 01/24/2011 - 23:18 | 901438 Crassus
Crassus's picture

Perhaps they'll prosecute Martha Stewart again.

Mon, 01/24/2011 - 23:20 | 901444 lynnybee
lynnybee's picture

Now who in the world would junk me !  For the life of me, I can't imagine anyone junking a sincere statement of commitment & caring !  ............. It must be someone from the government incognito !!!!! .......... go away government person !

Mon, 01/24/2011 - 23:22 | 901454 CrashisOptimistic
CrashisOptimistic's picture

Shanghai continues falling.

Mon, 01/24/2011 - 23:23 | 901458 jeffca
jeffca's picture

Statue of limitation...5 years!  Bankers almost won.

Mon, 01/24/2011 - 23:34 | 901489 buzzsaw99
buzzsaw99's picture

The Empire of Fraud is going to root out the fraud? No fraud, no empire.

Mon, 01/24/2011 - 23:43 | 901513 satansanus
satansanus's picture

really blankie went nutty with his fail to delivers along with BAC and BCS... funny not many folks are holding the torch to BAC and BCS dmm shops that were litterally stealing everyday in 2008

 

Perp walks for H Paulson, Jamie Dimon, Llyod and whoever the douchetwats at state street and regions were

Mon, 01/24/2011 - 23:48 | 901537 Bruce
Bruce's picture

Yes, here's the "change" that we were all promised.  
Business as usual.  No change.  No Pecora Commission.  
No convictions. Only maximum moral hazard.
Oligarchy.  Plutocracy.  Complete legislative and
regulatory capture.  One day justice will be served.  
If not in this world, then the next.

http://en.wikipedia.org/wiki/Pecora_Commission

http://www.washingtonpost.com/wp-dyn/content/article/2009/09/15/AR200909...

 

Mon, 01/24/2011 - 23:51 | 901545 Yancey Ward
Yancey Ward's picture

No problem.  I only pretend to believe them.

Mon, 01/24/2011 - 23:52 | 901548 firstdivision
firstdivision's picture

While Lloyd may be the CEO of GS now, let's not forget who was at the helm during most of the robbing and lying.  None other than Hank Paulson.

Mon, 01/24/2011 - 23:53 | 901553 Rick64
Rick64's picture
Tue, 01/25/2011 - 00:33 | 901631 Implicit simplicit
Implicit simplicit's picture

I hope Brooksley Born remembers how she was hushed when she tried to bring the derivative debacle to the forefront. Summers is hiding over at Harvard; probably gets plenty of bankster contributions for the politico alumni fund for his good deeds. 

 

Tue, 01/25/2011 - 00:11 | 901588 akat
akat's picture

  I'm sure if Joe Doe robbed a bank they would be sure not to release his name in order to protect his feelings and delicate sensitivities.  Not giving names or details is certain to mean the fix is in and there will be no prosecution of any signifigant players in the Wall Street criminal casino.

Tue, 01/25/2011 - 00:13 | 901592 Ahmeexnal
Ahmeexnal's picture

When a thousand hungry lions fight over one scrap of food, small dogs should hide with whats in their belly.

Tue, 01/25/2011 - 00:24 | 901611 Bruce
Bruce's picture

Just to rub salt into the wound
US Taxpayers paying to defend
the criminals:

U.S. Covers Millions in Legal Fees
for Ex-Freddie, Fannie Executives

Taxpayers have spent more than $160 million defending
executives of Fannie Mae and Freddie Mac, infuriating
lawmakers who want to know why taxpayers are footing
the bill for heads of agencies that have already cost
Americans at least $150 billion.

http://www.foxnews.com/politics/2011/01/24/covers-millions-legal-fees-ex...

Tue, 01/25/2011 - 01:43 | 901622 Quixotic_Not
Quixotic_Not's picture

Here's a name that's up there with Benedict Arnold:

Franklin Delano Raines - Former Fannie Mae CEO/FraudMaster extraordinaire!

Obama's inside-TBTF-man that got ol' Barry in-like-flint...

Too bad, so sad that the average 'MeRiKan probably didn't even have the attention span to read what I just wrote, no less ponder its weight.

Tue, 01/25/2011 - 01:47 | 901738 knukles
knukles's picture

Before the poop blew up at Fan/Fred Yomama had Raines short listed for Secretary of the Treasure.

Tue, 01/25/2011 - 02:11 | 901770 lunaticfringe
lunaticfringe's picture

I did, my one eyed brother. Captured a link just in case anyone else would like to see one of the great architects of the collapse. That he has ties to Obama and the thief Mozilo- makes perfect sense. http://en.wikipedia.org/wiki/Franklin_Raines

Tue, 01/25/2011 - 00:25 | 901614 bronzie
bronzie's picture

have to be careful prosecuting Wall Street - SEC files documenting Wall Street fraud have been known to cause 47 story buildings to collapse into their own footsteps at the speed of freefall ...

Tue, 01/25/2011 - 01:48 | 901741 knukles
knukles's picture

sweet.

Tue, 01/25/2011 - 02:05 | 901756 A_MacLaren
A_MacLaren's picture

+911

Tue, 01/25/2011 - 02:08 | 901758 A_MacLaren
A_MacLaren's picture

duplicate

Tue, 01/25/2011 - 00:35 | 901639 lunaticfringe
lunaticfringe's picture

I have written at least twice on the role of restorative justice. Milions upon millions of honest people got hosed in this fiasco. Not to mention the fraudulent bankers and their marks- people with interest only and backdated mortgages.

Unfortunately, I am in agreement with Tyler. You simply can't convince me that it has taken three years for these fucksticks to get off their asses.

All I expect to see at worst is the strandardized civil court fine remedies. Those are the ones they hand out to the most egregious assholes like Mozillo. Nothing will be done to put these white collar criminals who engineered a worldwide collapse into a jail cell. I'll believe it when I see it. Until then it's just so much bullshit and saber rattling.

Tue, 01/25/2011 - 00:55 | 901663 Coldfire
Coldfire's picture

The spectacle of the dominant criminal enterprise prosecuting a subsidiary criminal enterprise is pure theater. Of the absurd. Cue Julian Ass(tr)ange with some tasty vaporleaks.

Tue, 01/25/2011 - 00:58 | 901666 UncleFurker
UncleFurker's picture

"The sources, who spoke on condition they not be named, declined to identify the people implicated or the names of their institutions. But they characterized the panel's decision to make referrals to prosecutors as a significant escalation in the government's response to the financial crisis."

 

Read: "Would all my campaign contributors kindly meet me at our ranch in Paraguay. You bring the coke, I'll bring the chicks. Don't forget to load the jet up with gold too."

 


Tue, 01/25/2011 - 01:24 | 901710 Trifecta Man
Trifecta Man's picture

To sum it up, viva la indifferance.

Tue, 01/25/2011 - 01:26 | 901713 lynnybee
lynnybee's picture

I get ROBERT RUBIN ........ I'll take him on personally, that is how much I despise this person.   He has single-handedly ruined our precious younger generation with "cheap money" ........ "Hey, little girl, little boy, would you like a lot of money so you can go to school ?   Your parents are deep in debt on credit cards & second mortgages, so they can't really afford to help you & besides, they need to contribute to their declining 401K !!       Young person, yes, you ...... I know you are only 19 years old, but, you have a lifetime to pay back this student loan !   Don't worry, Mr. 19-year-old-who-really-doesn't-understand-the meaning of signing his name to a lot of money !   It's an investment in yourself, an investment in your future !! (even tho we've off-shored most of the good paying jobs). "    When will he be put in jail for his pre-meditated bankster frauds !

Tue, 01/25/2011 - 02:01 | 901753 Quixotic_Not
Quixotic_Not's picture

When will he be put in jail for his pre-meditated bankster frauds!

Uh, as in never?

The Golden Hoard on Fraud St. is truly "above-it-all"...how can you expect sociopaths to turn on each other as long as they have easy prey to pursue...?!?

Tue, 01/25/2011 - 02:13 | 901773 lunaticfringe
lunaticfringe's picture

I commented on ur comment above. Thanks.

Tue, 01/25/2011 - 04:24 | 901859 No More Bubbles
No More Bubbles's picture

Well said. 

 

Rubin and his children should be given a choice.  Either be decapitated or give up ALL (EVERY FUCKING CENT) of their ill-gotten gains from all the years of his tenure facilitating the meticulous destruction of this country.....

 

Tue, 01/25/2011 - 07:47 | 901981 Seer
Seer's picture

Not that I like the guy (or his family), but this is mob psychology.  It represents hacking at the branches rather than at the root.  Rubin and his ilk (he's just a servant of TPTB) are symptoms of the disease, which is that our very existence has been perched upon a system that is only capable of working in a world without physical boundaries- infinite growth on a finite planet.

Before you go hacking off Rubin's head ask yourself this: how are YOU going to make it so that we don't get into this situation again?  While you're preparing your answer please do keep in mind that the population size is increasing while the earth's size (and content - with concentrated resources becoming scattered through extraction - "entropy" at play) is staying (for all intents and purposes) static.

Tue, 01/25/2011 - 01:56 | 901747 Misean
Misean's picture
Government To Pretend It Will Prosecute Wall Street

I'm gonna pretend to be very fucking impressed!

 

Tue, 01/25/2011 - 02:18 | 901775 blunderdog
blunderdog's picture

Yeah, there's justice just around the corner.

The guys who stole all the money will VERY SOON be brought to heel by the guys who stole all the political power. 

Totally.

/you guess

Tue, 01/25/2011 - 03:43 | 901830 ak_khanna
ak_khanna's picture

It is an uphill task to gather political will to effectivel­­­­­­y control the too big to fail banksters. They have a lot of influence on the political class, the rule makers and the rule enforcers due to their enormous purchasing power. So irrespecti­­­­­­­­­ve of the position in the government­­­­­­­­­, everyone works for the benefit of the banksters.

The politician­­­­­s around the world are auction items which can be sold to the highest bidder. They will do whatever they can for the lobbyist paying them the maximum money or votes, be it the unions, the banksters, the richest corporatio­­­­­ns or individual­­­­s. They are in the power seat to extract maximum advantage for themselves in the small time frame they occupy the seat of power.

The rest of the population is least of their concerns. The only activity they do is pacify the majority of the population using false statistics and promises of a better future so that they do not lynch them and their masters while they are robbing the taxpayers.
http://www­.marketora­cle.co.uk/­Article245­81.html

Tue, 01/25/2011 - 03:47 | 901833 lunaticfringe
lunaticfringe's picture

Tyler- I have got to quit reading your site. Quixotic Knot planted a seed and within two hours a mighty oak has grown.

They'll probably knock on my door and take my guns.

http://thecivillibertarian.blogspot.com/2011/01/meet-frank-raines-and-da...

Tue, 01/25/2011 - 03:48 | 901834 Seer
Seer's picture

Why the fuck do people spend any time on this system?   I'd be shocked if anyone here was shocked by any of this!

Do people demand a really just system? Well, we'll arrange it so that they'll be satisfied with one that's a little less unjust ... They want a revolution, and we'll give them reforms -- lots of reforms; we'll drown them in reforms. Or rather, we'll drown them in promises of reforms, because we'll never give them real ones either!!

- DARIO FO, Accidental Death of an Anarchist

Tue, 01/25/2011 - 04:21 | 901856 No More Bubbles
No More Bubbles's picture

Wake me up when we are lynching these crooks.  Until then, they can all STFU about 'cracking down' on anything.  Useless fucking lip service.

Tue, 01/25/2011 - 04:28 | 901864 aribabak
aribabak's picture

The FCIC panelists should recommend Congress to appoint Bill Black as a Special Prosecutor to investigate all the irregularities highlighted in the FCIC Report

Tue, 01/25/2011 - 05:43 | 901915 emsolý
emsolý's picture

They certainly prosecuted that Sergey guy, isn't that enough already?

Tue, 01/25/2011 - 06:19 | 901929 jackp27
jackp27's picture

The Facebook movie marked the beginning of the "new way":

Goldman > sorkin1 > movie > goldman > sorkin2 > $50 Billion IPO  http://bit.ly/i7MNVB 

Tue, 01/25/2011 - 06:26 | 901934 YHC-FTSE
YHC-FTSE's picture

This gets 5*s, just for the headline alone. 

Tue, 01/25/2011 - 08:00 | 901990 Sqworl
Sqworl's picture

I am against government sanctioned masterbation.

Tue, 01/25/2011 - 10:19 | 902303 Deathtöngue
Deathtöngue's picture

Brilliant headline.

Tue, 01/25/2011 - 11:19 | 902535 whatz that smell
whatz that smell's picture

like prosecuting the pimple on satan's ass.... "no! no! don't pop it! it's evil!"

Tue, 01/25/2011 - 11:57 | 902732 flacorps
flacorps's picture

Pecora today or Robespierre tomorrow. It's all the same to us plebes.

Tue, 01/25/2011 - 14:44 | 903401 hidingfromhelis
hidingfromhelis's picture

I love the smell of Financial Crisis Inquiry Commission in the morning. 

Nothing like another bipartisan, blue-ribbon, fact-finding, investigative panel being formed to reassure me that all is well.  After seeing how past efforts hadn't had much effect, I have to admit that for a little while there, a tiny bit of negativity was starting to seep into my thoughts.  That worried me.  I'm sure this commission will be advised by the very best and brightest in the financial sector, and I can only hope that they'll be able to provide input in writing new regulations and work cooperatively with the legislators to ensure the stability of our financial system. 

/.

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