Wall St. crack den

“Lloyd, Jamie and Dick got me high on crack the first time. I love accounting fraud now.”

8 comments on “Wall St. crack den
  1. Youri Carma says:

    Repo 105/Peek-A-Boo Accounting SPECIAL http://forum.prisonplanet.com/index.php?topic=163169.0

    btw Max Keiser was the first to bring this Peek-A-Boo Accounting up.

  2. Youri Carma says:

    Youri Carma: Intentionaly misleading people by hiding money from public scutiny in order to grossly leverage it’s balance sheets and hide enourmous risk taking, on public, taxpayers account mind you, only for personal profit is a travisty and Americans maybe surprised about this but in the Dutch law that is called FRAUD!

    Regardless which “vehicle” or accounting gimmick is used cause Repo 105 is nothing more than a vehicle used to commit fraud.

    There are other ways too as Gillian Tett pointed out in her piece: Watch Barclays in the cellar by Gillian Tett (The Financial Times) http://forum.prisonplanet.com/index.php?topic=163169.msg1186026#msg1186026

  3. Youri Carma says:

    Ex-Lehman Chief Fuld about REPO 105: “Ich Habe Es Nicht Gewusst!” http://www.bloomberg.com/news/2011-01-21/ex-lehman-chief-executive-fuld-seeks-dismissal-of-retirement-plan-lawsuit.html

    “Patricia Hynes, a lawyer for Fuld, has said that Fuld wasn’t aware of Repo 105.”

    Youri Carma: But it doesnt matter what Kapo Fuld knew or not knew cause he was running the freakin Lehman joint so “he should have known” cause if he didn’t he would be an even worse Kapo di Kapo’s, not knowing it’s own business properly.

    Of course Kapo Fuld was famliar with the vehicles the big banks use to “Window Dress” their balance sheets. But in a $2 Ttrillion hidden Repo market and Goldman Sachs and the other 17 big banks quarterly winning and losing $40 billion from their public balance sheets it ain’t “Window dressing” anymore but it’s called “FRAUD” in collusion RECO style.

    The practice of reducing quarter-end repo borrowings occurred periodically for many years going back as far as 2001!!! But never as consistently as in 2009.

    Every self respecting Kapo is at least a Fiscal Jurist and reports even mentioned in the Wall Street Journal show, for crying out loud!!!: http://online.wsj.com/article/SB10001424052702304830104575172280848939898.html

    “A group of 18 banks—which includes Goldman Sachs Group Inc., Morgan Stanley, J.P. Morgan Chase & Co., Bank of America Corp. and Citigroup Inc.—understated the debt levels used to fund securities trades by lowering them an average of 42% at the end of each of the past five quarterly periods, the data show. The banks, which publicly release debt data each quarter, then boosted the debt levels in the middle of successive quarters.

    The practice of reducing quarter-end repo borrowings has occurred periodically for years, according to the data, which go back to 2001, but never as consistently as in 2009.”

  4. Youri Carma says:

    WERE TALKING $2 TRILLION REPO MARKET HERE! $2.8 TRILLION IN EARLY 2008 , Round $1.7 TRLLION SEPT. 2010. http://forum.prisonplanet.com/index.php?topic=163169.msg1186077#msg1186077

  5. SilverSword says:

    “I’m on Crack” official video: Fed policy explained.