Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘cheats’

Screw You and Your Family Too! -OR- The Battle of Wall Street: BIG BUSINESS v everybody else

Posted by Warm Southern Breeze on Tuesday, March 16, 2010

When you sell a thing, you no longer own it.

Right?

Not so in the make-believe world of Wall Street!

In the make-believe world of Wall Street, when you sell a thing, you STILL own it!

Huh?

Well, Lehman Brothers “sold” $50 BILLION of their assets, but kept possession of them, and made it appear as if they no longer owned them. Normal folks would consider that fraud, or theft. So does a U.S. Federal Bankruptcy Examiner.

Financial regulators in the United Kingdom are investigating bankrupt American Lehman Brothers for hiding more than $50,000,000,000 ($50 BILLION) in their accounts, through criminal transactions nick-named “repo transactions.”

What could you do with an extra $200 or so? …Continue…

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