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drwexhttp://aroundwallstreet.com/2013/07/the-case-against-fabulous-fab/
This guy is everything that went wrong and toppled the financial dominoes. There has been a persistent failure to deal with the retail-level fraud that created these toxic assets in the first place, but this is the guy who bundled toxic waste into boxes that someone put a pretty bow on and then sold to suckers. The question is "did they have to lie to get it done?"
I don't hold out a lot of hope for the SEC to win here, but if they lose again then it's totally game over because Wall Street will have proven that it is not only too big to fail, it's too big to regulate.
This guy is everything that went wrong and toppled the financial dominoes. There has been a persistent failure to deal with the retail-level fraud that created these toxic assets in the first place, but this is the guy who bundled toxic waste into boxes that someone put a pretty bow on and then sold to suckers. The question is "did they have to lie to get it done?"
I don't hold out a lot of hope for the SEC to win here, but if they lose again then it's totally game over because Wall Street will have proven that it is not only too big to fail, it's too big to regulate.
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weird
Date: 2013-07-11 08:55 pm (UTC)I wonder what other posts I'm missing?