Thursday, July 15, 2010

Fraud by Another Name

Allow me to translate - all of the banksters were greedy, alpha-aspiring, lustful lunatics who chased money and returns on their stock with fraud, greed and intentional ignorance of the facts at hand.

There, now listen to how some fancy accounting (which eventually will blow up in their face), made the banks appear to "make" money again this quarter.

From analyst Dick Bove, who along with Meredith Whitney, Nouriel Roubini, Charles Nennar and a few others, is among the most widely respected analysts on the banking "industry:"

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