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Mortgage Fraud Ponzi ala Matt Taibbi, Abbott and Costello

12 Nov

zerohedge reporting on the new Matt Taibbi piece; yup, we still really like Matt Taibbi.

The SuBPRiMe WiSDoM oF Bud Abbott and Lou Costello…

williambanzai7's picture

Submitted by williambanzai7 on 11/12/2010 03:08 -0500

LC

I just read Matt Taibbi’s “Rocket Docket” article which ends with this:

“Nowhere else on the planet is it such a crime to be down on your luck, even if you were put there by some of the world’s richest banks, which continue to rake in record profits purely because they got a big fat handout from the government. That’s why one banker CEO after another keeps going on TV to explain that despite their own deceptive loans and fraudulent paperwork, the real problem is those deadbeat homeowners who won’t pay their fucken bills…[I]n America it is far more shameful to owe money than it is to steal it.”

As you all know, we are living the nightmare epitome of the Wall Street “heads we win, tails you lose” scenario.

You know who I miss? I miss the two comedians who were masters of depicting the simplicity of the swindle, the art of the con and the plight of the tired victim, Bud Abbott and Lou Costello.

There is nothing new about the art of fraud and deception.

That is why during this endless subprime mother of all Wall Street gang bangs,  I am constantly reminded of Abbott and Costello’s hilarious skits as I am sure many of you are as well…

AC3

HT

DN

HT2

TTID

If you are having trouble communicating the principles of PONZI USA to someone, you might want to try enlisting these two experts.

“Wall Street is dominated by some of the brainiest and shrewdest men in the country, natural born sharpers and schemers, and before the average man can get the better of them, except through the merest chance, he will have to eat brain food for a long time.”–FRANKLIN KEYES 1910

WB7

 
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