Tag Archives: gambling

Stacy Summary: A week or two ago I posted a piece by Frank Rich regarding the absence of justice.  I think the headlines today show the consequences of zero justice for the financial fraud and the bankers that committed the fraud.  Back to business as usual, as the first article points out, so one can only expect the next crash down will be even bigger . . . and by the end I imagine the population at large will have meted out the justice that Government Sachs / Obama Admin refuses to.

• Goldman’s not acting like a bank

• Profiteering banks told to cut ‘unfair’ mortgage rates

• Bear Stearns exec wins big at poker tournament

• Mobius says derivatives, stimulus will cause next crisis

• Jesse says CRE and state governments will blow up before derivatives

• World Bank warns of deflationary spiral on excess industrial capacity

• New Zealand rating outlook cut to negative by Fitch