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Wisconsin Wit

Friday, April 30, 2010

"It was S__T but our clients really wanted it"------

This is a brief summary of the recent testimony of certain Wall Street gurus who have been charged with securities fraud----

In televised testimony that was certainly worthy of BBB drama awards, the executives entoned in a straight face that this was just what Wall Street does, and they were just capitalists being normal, doing their job.

The process is that one just packages "S__T" and make it smell like roses and then sell it to innocent buyers and when they have left the office, just short it till it crashes of its own dead weight.

This is a developing story. Stay tuned.

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