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AMeRiCaN LeHMaN 2012

williambanzai7's picture





 

AMERICAN LEHMAN

 

The Law demands that we atone 

When we take things that we don't own;

But leaves the lords and ladies fine

Who take things that are yours and mine...

Anonymous, circa 1764

 


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Sun, 09/16/2012 - 05:46 | Link to Comment Bartanist
Bartanist's picture

Obama's real legacy is that he did not prosecute any of the financial crime.

IMO, it is very possible that if he had prosecuted the financial crime then the US situation could have been saved. Through this simple inaction he has shown what he truly is.

Sun, 09/16/2012 - 06:05 | Link to Comment falak pema
falak pema's picture

Not ONLY that, he did not stop its viral continuation in total regulatory capture of insititutions he was supposed to rule over! 

Those TBTF banks were his to regulate in 2009; totally belly up and living off the government social teat! 

Sun, 09/16/2012 - 05:55 | Link to Comment williambanzai7
williambanzai7's picture

Yes, he basically put the Presidential seal of approval on institutionalized fraud and the massive resource misallocations that go along with it. Now they are trying to further it by trying to reinflate the housing bubble. The equity market is a bubble as well, but people are totally onto that scam.

Sun, 09/16/2012 - 10:18 | Link to Comment BeetleBailey
BeetleBailey's picture

Exactly WB.

It goes to the heart of my loathing for OCuntus;

I call him that because he lies to the masses. Pretending TO BE " FOR " the middle class and "little guy".....when he is doing the exact opposite.

OCuntus is a born liar. He's lied all his fucking charmed life. To his ass, why stop now? Shit...people believe me. I charm them all the time.

It's akin to having a kid that is lying to you - and you know it. You don't punish the kid - what are they going to do?

Keep fucking lying....

In person, I regularly skewer both sides as to their dearth of knowledge; factual knowledge. un-biased.

The Dems and libs I run into are even more clueless than the right - the neo-cons and war-mongering righties are fools as well.

I'll vote for Romney on this point alone; at least we know he IS a bankster puppet, and he doesn't hide his ties.

That this administration has parts of the countries populace so fooled is a total shame. I laugh - then I pity them.

Sun, 09/16/2012 - 08:52 | Link to Comment blindfaith
blindfaith's picture

The ignorance of hiring the same brain 'trust' that got the country into the mess is exactly who he hired to get us out.  The one man who might have help save the day, Paul Volker, was sent across the street to feed the pigeons.  That was the day I saw the light that big money, religious interests, and unelected power was running the show regardless of who was President, Democrat or Repblican.

None of us can begin imagine the hugh threats of political and financial pressures that are lopped on to any leader.  To imagine sitting in the chair is not like actually placing your butt there and dealing with a world that is not wholly revealed to you until you DO sit there.

Two bad choices for the next election delibertly designed to disillusion and discourage voter participation in the idea that something can be done, or will be done, to turn the ship around.  All this money being spent is a crime in itself when there are Americans homeless and dieing of hunger.

Shame on our leaders, shame on us, shame on those who destroy the heart and soul of our country.

Sun, 09/16/2012 - 07:02 | Link to Comment machineh
machineh's picture

Something to keep in mind, with banks loaded up on sovereign bonds and their yields driven down to near zero ...

When bond yields begin to rise, there will be a fresh wave of financial failures as banks' capital gets wiped out by bond price declines.

Owing to gross price ramping by the Bernank and Draghi, the most creditworthy sovereign bonds have been turned into the most dangerous bubble assets.

Sun, 09/16/2012 - 00:29 | Link to Comment Jena
Jena's picture

Anyone seen this?  From the article:

"Strategic defaulters, beware. The feds are coming for you. And they are not happy.

Not the FBI. The Office of the Inspector General at the Federal Housing Finance Agency."

And because Fannie and Freddie are on the hook for the $187 billion in taxpayer money that the Treasury has invested so far to keep them afloat — by some estimates, the tab eventually could reach more than $360 billion — the OIG is on the prowl for people who owe it money.

Investigators are searching not only for lenders who have sold materially deficient loans to Fannie and Freddie, but also individuals, including those who reneged on their promises to repay their mortgages. So if you are a "strategic defaulter" who decided it was better to walk away from your obligation than to keep paying for a house that was worth substantially less than you owed, it's time to start looking over your shoulder."

http://www.chicagotribune.com/classified/realestate/foreclosure/sc-cons-0913-strategic-default-20120913,0,4134066.story

 

Anyone think that lenders will ever be the target? Or that this is aimed at anyone who has already walked away?  Instead I think it is meant to keep those who are considering getting out of Dodge on the treadmill as long as they can last.

Oh, and they're gonna need a bigger bailout, too...

Sun, 09/16/2012 - 01:45 | Link to Comment williambanzai7
williambanzai7's picture

A crack team of experienced investigators and prosecutors to go after 1 billion bilked by mortgage scofflaws. What a fucking joke!

And they can't nail one bankster. Why? Because Geithner told everyone not to.

Sun, 09/16/2012 - 01:07 | Link to Comment The Paucity of Hope
The Paucity of Hope's picture

I wonder if they'll go after the Mortgage Bankers Association.

http://www.thedailyshow.com/watch/thu-october-7-2010/mortgage-bankers-as...

 

 

Sat, 09/15/2012 - 23:55 | Link to Comment rhinoblitzing
rhinoblitzing's picture

If the markets are to regain any semblance of trust and respectability then the Risk must be somewhere in line with the Reward.

As long as entities like - Refco - MFG - PFG- MS - GS - and now...NYSE/EURONEXT can get away with a slap on the wrist - they will continue to destroy the infrastructue and foundation of which they were built upon - which is a "public trust" not a private for profit entity.

Where does it end....

to WB7: longtime admirer - 1st time post .... to your latest post... what's happenning under the table?

 

 

Sun, 09/16/2012 - 00:07 | Link to Comment williambanzai7
williambanzai7's picture

What's going on under the table is how she got the CFO job.

Sun, 09/16/2012 - 00:48 | Link to Comment rhinoblitzing
rhinoblitzing's picture

WB7 - Request: John Lennon repudiating the lyrics of Imagine

Sat, 09/15/2012 - 23:02 | Link to Comment ReligiousAtheist1
ReligiousAtheist1's picture

Another hit piece by WB7

Sat, 09/15/2012 - 22:38 | Link to Comment MBOB
MBOB's picture

Yo WB

 

Any chance of an interpretive woik of art  on STOP KRONY 2012?

San Diego curbside calisthenics optional but appreciated. 

 

Good to see old pumpkin head again, btw, that smile means scary Halloween stuff is on the way.

Sat, 09/15/2012 - 22:29 | Link to Comment cjbosk
cjbosk's picture

Shoji, still no luck with real employment? Sad, so talented...at least in your mother's eyes.

Sat, 09/15/2012 - 21:22 | Link to Comment Zer0head
Zer0head's picture

the brilliance of the image above is that it's a vintage GE Toaster and if I am not mistaken Neutron Jack is in the reflection

Sat, 09/15/2012 - 20:44 | Link to Comment nah
nah's picture

i belive it

Sat, 09/15/2012 - 19:49 | Link to Comment philipat
philipat's picture

I am a Troll, FULD diddy role.

Sat, 09/15/2012 - 18:41 | Link to Comment UP4Liberty
UP4Liberty's picture

Hi Banzai,

Can you create something which relates to the ESF?

Market Skeptics did a brilliant 5 part video series on the ESF - and it is quite ILLUMINATIng:

http://www.marketskeptics.com/2011/06/the-esf-and-its-history.html

Happy Fall 2012 as the TBTF d-bags flush it all down the shi**er!

Sun, 09/16/2012 - 00:14 | Link to Comment williambanzai7
williambanzai7's picture

Tnx, I'll take a look at it.

Sat, 09/15/2012 - 17:55 | Link to Comment Zer0head
Zer0head's picture

Banzai

 

very cool to see you  on Google Street View

 

http://fiddle.jshell.net/tEWcs/show/

Sun, 09/16/2012 - 00:03 | Link to Comment williambanzai7
williambanzai7's picture

That is hilarious!

Sat, 09/15/2012 - 16:58 | Link to Comment a growing concern
a growing concern's picture

That quote is just a reminder that this shit's been going on since the advent of society.  Makes me want to live in the woods.

Sat, 09/15/2012 - 21:31 | Link to Comment CompassionateFascist
CompassionateFascist's picture

You'll soon get your chance. Unless you enjoy being barbecued by the Golden Horde.

Sat, 09/15/2012 - 16:45 | Link to Comment disabledvet
disabledvet's picture

I find it beyond odd that the media is constantly harping on "bringing Lehman back" in some way, shape or form.'nothing must be allowed to die...we must have "capitalism eternal." do not be afraid of the monster! Do not be afraid of the monster! Of course insodoing we are engaging in the penultimate vainglorious conceit. "just ignore the wrecked economy"...indeed the wrecked world. Has anyone stopped to ponder the sheer lunacy of it all? Let me guess..."just the lunatics."

Sat, 09/15/2012 - 23:59 | Link to Comment williambanzai7
williambanzai7's picture

Thirty years ago when everyone thought Japan ruled the world, it was said that our financial system and creative destruction were the secret weapons of capitalism that would revive American dominance.

Now, with China eclipsing us, what do we have? A complete farce.

Sat, 09/15/2012 - 14:58 | Link to Comment booboo
booboo's picture

Stapling these to telephone poles may be the best way of informing publius dumbius. But then again I hear that injuries due to people walking into street signs while texting is at all time highs soooo....nevermind.

Sat, 09/15/2012 - 14:19 | Link to Comment williambanzai7
williambanzai7's picture

RICHARD FULD FOOLED YOU

Sat, 09/15/2012 - 16:12 | Link to Comment Daily Bail
Daily Bail's picture

Nice work, WB.  I've been posting a lot of your photos lately, like this one:

QE3 Explained In One Photo

Sun, 09/16/2012 - 00:10 | Link to Comment williambanzai7
williambanzai7's picture

Yes, I saw it. Thx for spreading the word ;-)

Sat, 09/15/2012 - 16:48 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

DB, I really enjoyed yout post re: white collar crime, " I plead the fift."

 

http://dailybail.com/home/dave-chappelle-on-white-collar-crime-i-plead-t...

Sat, 09/15/2012 - 14:17 | Link to Comment williambanzai7
williambanzai7's picture

MEGA-MERS (FINAL)

Sun, 09/16/2012 - 03:11 | Link to Comment Itch
Itch's picture

Bunch of phony bastards, i would set the gimp on them all, and watch it with great pleasure.

Sat, 09/15/2012 - 22:32 | Link to Comment cjbosk
cjbosk's picture

You call Madoff "Wall St."? Are you fucking kidding! You really are one stupid gook, and I thought you slants were smart...

So much for assumptions...

Sun, 09/16/2012 - 02:00 | Link to Comment williambanzai7
williambanzai7's picture

Everyone say hello to cjbosk..the reincarnated troll whose birth certificate is an apology from the mule condom factory.

He has nothing better to do than to remind us of this every time he posts.

Sun, 09/16/2012 - 04:19 | Link to Comment malikai
malikai's picture

I hate to say it. But troll quality is really going downhill around here.

What we need is a troll revival.

Sat, 09/15/2012 - 21:13 | Link to Comment diogeneslaertius
diogeneslaertius's picture

OBAMANEY WILL SABES US :D

Sat, 09/15/2012 - 16:59 | Link to Comment malikai
malikai's picture

What's up with Blankfiend's head? lol

Looks like Mr. Potato Head.

Sat, 09/15/2012 - 16:08 | Link to Comment ebworthen
ebworthen's picture

Bernie Madoff is a Guppie compared to the 25' Great White Sharks he is pictured with.

No wonder he is the only one in jail.

Sun, 09/16/2012 - 00:36 | Link to Comment williambanzai7
williambanzai7's picture

The important thing to remember about Madoff is no one went after him. He literally had to turn himself in to get the attention of the Feds.

As for the rest, they all hold their noses up and pretend he is below them, but they are all the same animal, two bit hustlers dressed up as ponzi prom queens.

Sun, 09/16/2012 - 01:02 | Link to Comment rhinoblitzing
rhinoblitzing's picture

This fact is often overlooked.

Madoff turned himself in... and as far as I can see, he is the only one that has seen the inside of a prison cell

Sun, 09/16/2012 - 07:02 | Link to Comment williambanzai7
williambanzai7's picture

That's it in a nutshell, either you turn yourself in or you are an outsider/foreignor and an easy target. But if you are in the Fed's circle of power, you are free and clear.

Sat, 09/15/2012 - 15:00 | Link to Comment kaiserhoff
kaiserhoff's picture

Bernie among his own.  Right on target, William.

How can the Lame Stream media ignore Mofo Global?  The crime of the century.

Sat, 09/15/2012 - 17:01 | Link to Comment a growing concern
a growing concern's picture

Probably because Corzine is Obama's boy.  And because the media moguls in general have to ingratiate themselves to the political and financial class to keep up their standard of living for the coming shitpocalypse.

Sat, 09/15/2012 - 16:07 | Link to Comment Pure Evil
Pure Evil's picture

MF Global was quite infinitesimal compared to the theft by the US Government to pay for the Cold War, the Vietnam War, the War on Poverty, the War on Drugs, the Gulf Wars, the Iraq and Afghanistan Wars, the War on Terror, the Bush/Obama Administration, the Banking Cartel Bailouts, EBT/SNAP, Fed shenanigans and on and on.....

That's like pissin' in the ocean.

Sat, 09/15/2012 - 18:38 | Link to Comment OneTinSoldier66
OneTinSoldier66's picture

Yes. But it was kind of a canary in the coal mine moment. It displayed for all to see that the system is broken and is not to be trusted. It was the first ship(in this decade) to go over the waterfall On Bernanke's Columbus-Like Voyage To The End Of The Monetary Policy World

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