Thursday, August 04, 2011

Wall Street Turds

The similarity in these two word is rather telling, don't you think, in that they both rather neatly describe what Wall Street bankers have done to us.

Usage: Wall Street bankers have defalcated with the country's money, and become filthy rich while defecating on we, the people. 

defalcate: To misuse funds; to embezzle. 


defecate:

 to void excrement from the bowels through the anus; have bowel movement

Thanks to Dictionary.com for the definitions.

Monday, August 01, 2011

Investment Bank Collusion?

Will investment banks collude to drive up the cost of U.S. government debt? Why might they do that? 1. To improve returns for their clients. 2. To bet against lower rates. Remember, when they foresaw collapse of mortgage markets, they bet against their clients, and remember too, that investment banks caused a large part of our current sad state of affairs. None are in jail. All are rich beyond rich.

Buy a Vowel.

If investment banks were able to pay ratings agencies for Triple A ratings on mountains of garbage euphemistically called Collateralized Debt Obligations, surely the United States Government can purchase a Triple A rating for its debt obligations.