Archived Posts » 60,595,333
60 Minutes: Lehman Bros. Accounting Trick - Wall Street corruption goes on unchecked
4/23/2012 7:33:18 AM
If you've not seen this you should watch. Sadly you end up pissed off and whatever remaining faith
you had in the SEC, Wall Street, Obama, etc..., will be forever eroded away. There is solid proof of illegal
activity and yet the government is not prosecuting.
I know that without investing, there is zero chance of me building up my retirement fund sufficiently. But this is just
more evidence to me that Wall Street is run amok with thieves and the average investor is always at a serious risk to
bullshit just like this.
60 Minutes story
you had in the SEC, Wall Street, Obama, etc..., will be forever eroded away. There is solid proof of illegal
activity and yet the government is not prosecuting.
I know that without investing, there is zero chance of me building up my retirement fund sufficiently. But this is just
more evidence to me that Wall Street is run amok with thieves and the average investor is always at a serious risk to
bullshit just like this.
60 Minutes story
4/23/2012 7:41:33 AM
Originally Posted By Stock_Pile:
If you've not seen this you should watch. Sadly you end up pissed off and whatever remaining faith
you had in the SEC, Wall Street, Obama, etc..., will be forever eroded away. There is solid proof of illegal
activity and yet the government is not prosecuting.
I know that without investing, there is zero chance of me building up my retirement fund sufficiently. But this is just
more evidence to me that Wall Street is run amok with thieves and the average investor is always at a serious risk to
bullshit just like this.
60 Minutes story
If you've not seen this you should watch. Sadly you end up pissed off and whatever remaining faith
you had in the SEC, Wall Street, Obama, etc..., will be forever eroded away. There is solid proof of illegal
activity and yet the government is not prosecuting.
I know that without investing, there is zero chance of me building up my retirement fund sufficiently. But this is just
more evidence to me that Wall Street is run amok with thieves and the average investor is always at a serious risk to
bullshit just like this.
60 Minutes story
Who cares! As long as they are donating to Obama campaign it is all good!
What the hell do you think this is a Constitutional Republic?
Were you having equal rights under the law?
We live in an Oligarchy were the elite tell us dumb peasants what to eat, when to eat, how to vote, and micro manage ever minute of our lives.
4/23/2012 7:45:48 AM
Originally Posted By markmars:
Who cares! As long as they are donating to Obama campaign it is all good!
What the hell do you think this is a Constitutional Republic?
Were you having equal rights under the law?
We live in an Oligarchy were the elite tell us dumb peasants what to eat, when to eat, how to vote, and micro manage ever minute of our lives.
Originally Posted By Stock_Pile:
If you've not seen this you should watch. Sadly you end up pissed off and whatever remaining faith
you had in the SEC, Wall Street, Obama, etc..., will be forever eroded away. There is solid proof of illegal
activity and yet the government is not prosecuting.
I know that without investing, there is zero chance of me building up my retirement fund sufficiently. But this is just
more evidence to me that Wall Street is run amok with thieves and the average investor is always at a serious risk to
bullshit just like this.
60 Minutes story
If you've not seen this you should watch. Sadly you end up pissed off and whatever remaining faith
you had in the SEC, Wall Street, Obama, etc..., will be forever eroded away. There is solid proof of illegal
activity and yet the government is not prosecuting.
I know that without investing, there is zero chance of me building up my retirement fund sufficiently. But this is just
more evidence to me that Wall Street is run amok with thieves and the average investor is always at a serious risk to
bullshit just like this.
60 Minutes story
Who cares! As long as they are donating to Obama campaign it is all good!
What the hell do you think this is a Constitutional Republic?
Were you having equal rights under the law?
We live in an Oligarchy were the elite tell us dumb peasants what to eat, when to eat, how to vote, and micro manage ever minute of our lives.
QFT. The market is rigged. The S&L scandal of the '80s was a trial balloon for today. MF Global is a trial balloon for tomorrow.
Anybody else remember the big insider bail out or sell off in Oct of last year?
4/23/2012 7:53:55 AM
Not sure that I do recall the insider sell-off last year.
Most of my money is out of the market STILL.
Even though the DOW has recovered most of it's losses, most of the mutual funds I was in have not.
I did pretty substantial research for my 401k and had a moderately aggressive portfolio. Most of the
funds were 4 or 5 star funds with proven managers with 10 year track records .
Last time I checked only 1/3 of them had regained their losses. I'm convinced the market will take another
hit this fall or early next year when the world economy sinks, which will wipe out those gains.
Most of my money is out of the market STILL.
Even though the DOW has recovered most of it's losses, most of the mutual funds I was in have not.
I did pretty substantial research for my 401k and had a moderately aggressive portfolio. Most of the
funds were 4 or 5 star funds with proven managers with 10 year track records .
Last time I checked only 1/3 of them had regained their losses. I'm convinced the market will take another
hit this fall or early next year when the world economy sinks, which will wipe out those gains.
4/23/2012 9:10:20 AM
And prospective home buyers are qualifying with as little as 5% down.
4/23/2012 10:03:39 AM
You have to have a lot of faith in the goodness of man to believe they ain't raping the shit out of that racket.
4/23/2012 10:17:08 AM
I haven't watched that yet, but the government uses accounting practices so fucked up that it would land ANYONE who tried to do what they do in jail. They completely make up rules and numbers on the fly.
Even with a Balanced Budget Amendment we would still be fucked unless the government is forced to use Standard Accounting Practices instead of fudging the numbers to fit the agenda.
These people should be in jail...and remember I haven't even watched the 60 minutes report yet. This shit is WIDESPREAD and pervasive throughout the government.
Even with a Balanced Budget Amendment we would still be fucked unless the government is forced to use Standard Accounting Practices instead of fudging the numbers to fit the agenda.
These people should be in jail...and remember I haven't even watched the 60 minutes report yet. This shit is WIDESPREAD and pervasive throughout the government.
4/23/2012 10:17:40 AM
Originally Posted By Stock_Pile:
...faith you had in the SEC, Obama...
...faith you had in the SEC, Obama...
4/23/2012 10:21:12 AM
Originally Posted By krpind:
I haven't watched that yet, but the government uses accounting practices so fucked up that it would land ANYONE who tried to do what they do in jail. They completely make up rules and numbers on the fly.
Even with a Balanced Budget Amendment we would still be fucked unless the government is forced to use Standard Accounting Practices instead of fudging the numbers to fit the agenda.
These people should be in jail...and remember I haven't even watched the 60 minutes report yet. This shit is WIDESPREAD and pervasive throughout the government.
I haven't watched that yet, but the government uses accounting practices so fucked up that it would land ANYONE who tried to do what they do in jail. They completely make up rules and numbers on the fly.
Even with a Balanced Budget Amendment we would still be fucked unless the government is forced to use Standard Accounting Practices instead of fudging the numbers to fit the agenda.
These people should be in jail...and remember I haven't even watched the 60 minutes report yet. This shit is WIDESPREAD and pervasive throughout the government.
Yes.
4/23/2012 10:23:57 AM
This all may be true but I do not believe anything from the MSM without corroborating evidence from independent sources.
4/23/2012 10:24:33 AM
Originally Posted By Stock_Pile:
....... But this is just more evidence to me that Wall Street is run amok with thieves and the average investor is always at a serious risk to bullshit just like this.........
....... But this is just more evidence to me that Wall Street is run amok with thieves and the average investor is always at a serious risk to bullshit just like this.........
But, if illegal activity was or is occurring, don't you think the perpetrators would be in jail?
Other than Madoff, how many have been indicted?
See? Things must be fine. Don't worry.
No, don't.
4/23/2012 12:00:29 PM
I fail to see the issue so far. All I saw in that link was a 5 second blurb about an upcoming episode where the banks chose a different method, costing them a more, but improving their balance sheet. That, on the surface, does not appear to be illegal.
4/23/2012 12:38:34 PM
THE VIDEO YOU HAVE REQUESTED IS UNAVAILABLE OR HAS EXPIRED 
4/23/2012 12:43:42 PM
4/23/2012 12:53:12 PM
Originally Posted By ShermiesRule:
I fail to see the issue so far. All I saw in that link was a 5 second blurb about an upcoming episode where the banks chose a different method, costing them a more, but improving their balance sheet. That, on the surface, does not appear to be illegal.
I fail to see the issue so far. All I saw in that link was a 5 second blurb about an upcoming episode where the banks chose a different method, costing them a more, but improving their balance sheet. That, on the surface, does not appear to be illegal.
How do you spend money, yet have a better balance sheet, which is how much money you have? Simply, you cant.
What they did was transfer funds from one end of the company to the other, create a favorable balance sheet, then move the money back. These favorable balance sheets were only truthfull for about 1 day. Every other day of the year, they were dismal.
4/23/2012 1:09:21 PM
Originally Posted By Stock_Pile:
If you've not seen this you should watch. Sadly you end up pissed off and whatever remaining faith
you had in the SEC, Wall Street, Obama, etc..., will be forever eroded away. There is solid proof of illegal
activity and yet the government is not prosecuting.
I know that without investing, there is zero chance of me building up my retirement fund sufficiently. But this is just
more evidence to me that Wall Street is run amok with thieves and the average investor is always at a serious risk to
bullshit just like this.
60 Minutes story
If you've not seen this you should watch. Sadly you end up pissed off and whatever remaining faith
you had in the SEC, Wall Street, Obama, etc..., will be forever eroded away. There is solid proof of illegal
activity and yet the government is not prosecuting.
I know that without investing, there is zero chance of me building up my retirement fund sufficiently. But this is just
more evidence to me that Wall Street is run amok with thieves and the average investor is always at a serious risk to
bullshit just like this.
60 Minutes story
You know that Lehman Brothers went into bankruptcy in 2008 in a situation created and manipulated by their competitor Goldman Sachs, through the decision not to intervene made by "former" Goldman Sach's executives that were in the Fed and the Treasury Departments?
