The Lehman Scam Presses On

Saturday, March 13, 2010
Posted in category Wall Street Parasites

And on and on. The elites are getting wealthier from the failure of Wall Street parasite Lehman Brothers.

Through January, Lehman’s bankruptcy estate had paid out $642 million to 28 law firms, advisers and consultants, according to a filing with the SEC last month.

Stephen Lubben, a law professor at Seton Hall University’s law school in Newark, N.J., said the estate could end up spending $900 million or more on professional fees by the time its case wraps up.

Note the embedded video in the story: there’s the lying piece-of-shit Hank Paulson, chief architect of the Wall Street bailout, talking about “his concerns” of “catastrophic failure.” He states that the bailouts were “for the American people.” As stupid as the masses are, and have been, not even those holding up the shitty end of the bell curve are buying that spin. Paulson has written a new book called “On the Brink,” which is surely an atrocious piece of propaganda that makes excuses for the bailout/enrichment of his pals on Wall Street. Here’s Paulson’s “author notes” for the book:

I believe the most important part of this story is the way Ben Bernanke, Tim Geithner, and I worked as a team through the worst financial crisis since the Great Depression. There can’t be many other examples of economic leaders managing a crisis who had as much trust in one another as we did. Our partnership proved to be an enormous asset during an incredibly difficult period. But at the same time, this is my story, and as hard as I have tried to reflect the contributions made by everyone involved, it is primarily about my work and that of my talented and dedicated team at Treasury.

Of course, he’s talking about his “talented and dedicated team” of ex-Goldman Sachs executives who passed through the revolving doors from Wall Street to the back door of Pennsylvania Avenue via the Treasury Department, so they could grab enough power to centrally plan the economy and engineer the bailout of failed and corrupt financial giants to keep their pals in power and in control of the financial system that does the BOHICA Dance (Bend Over, Here It Comes Again) on the backs of the middle class.

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3 Responses to The Lehman Scam Presses On

  1. Michael says:

    March 14th, 2010 at 11:17 am

    Hank Paulson, Timothy Geithner and Ben Bernanke should be arrested today, given counsel, and summarily tried for financial terrorism.

    In addition, there need to be meaningful monetary reform that includes a gold standard, a return to Article I, Section 8 and a complete audit of the FED. These measures would surely mitigate such financial and economic cataclysms like the one we find ourselves in today.

    The problem is the masses are have been duped into believing some flawed Keynesian orthodoxy if even that. Many don’t have a modicum of knowledge on what’s happening. It sort of reminds me of that Henry Ford quote: “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

  2. cousin lucky says:

    March 14th, 2010 at 6:12 pm

    Bernie Madoff and the Mafia are Pikers compared to these guys who, in broad daylight, Committed The Largest Swindle In All Of Human History, And They Will Be Back For More No Doubt About It!! What A Country!!! You Betcha!!!!

  3. liberranter says:

    March 15th, 2010 at 12:24 pm

    The silver lining to this is that once the U.S. dollar completely collapses and all hell breaks loose, these criminal clowns will be at the mercy of the wolf pack.

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