Finally they’re getting it. John Key and his ministers are openly lying scumbags!

Wow! Today an article appeared on stuff.co.nz and it was remarkably candid for a MSM article. It was called: this Government is brazenly deceitful And a good read it is too except of course to call them deceitful is an understatement. They are openly looting and breaking the law and knowing they can get away […]

Acquiring Merrill Lynch: the Lure of Liar’s Loans

Merrill Lynch is the quintessential example of why it was common for the investment banks to hold in portfolio large amounts of collateralized debt obligations (CDOs).  Some observers have jumped to the naïve assumption that this indicates that the senior managers thought the CDOs were safe investments.  The “recipe” for an investor maximizing reported income […]