Democrats to Stage Fundraising Bash at Lerach Estate

wow...what an absolute smear. my friend's aunt had a neighbor who had her entire life's savings of $200,000 in Enron and lost it all. because of mr. lerach's efforts, she was able to recover abouit 65-70% of what she lost. all due to major corporate fraud, insider trading etc involving fraud by major banks, accounting and law firms (in concert with the Enron corporate felons). and i'll bet the uc regents were happy with their chunk of the enron recovery. they lost $150 million. the sins of wall st have cost us several trillion dollars. i wish there were hundreds of "bill lerachs" working at the SEC and teh corporate/civil fraud division of the DOJ instead of those that are in the revolving door between wall st and the regulatory agencies. plus it's nice that there are some who have done well who are willing to support liberal causes. good for him and his wife. I wish there were more like them. for a more balanced view, see the recent Bloomberg article at http://www.bloomberg.com/news/2011-10-12/convicte…
— November 22, 2011 12:06 p.m.

Big Four accounting firms do dirty work

wow... when u think about it...flawed and corrupted accounting goes to the heart of all of the the financial collapses .... the late 80s (S&L scam and junk bonds) ... dot.com bubble of the 90s ... the housing/credit bubble of the first decade of this century ... fraudlent accounting as far as worthless appraisals ... worthless credit default swaps and corrupted credit rating agencies... banks getting way over-leveraged and the failure to adequately disclose ... these have to become punishable crimes at some point ... not to mention, the revolving door at the SEC and other regulatory agencies ... and the accounting firms upon which investors are supposed to rely...if the major players on Wall St and in DC are in in collusion ... the big question might be: did a handful of big players intentionally fuel the bubble and then short the markets so they could pocket billions and in the process, practically bankrupt the world? (i heard that if BofA had to pay off all their contingent liabilities tomorrow, they would be bankrupt) ... some day i hope we see a list of who cleaned up in the 'big short' ... and also a list of all the banksters who took federal bailout money for their bonuses ... people are in the streets b/c they are tired of getting ripped off and they'd like some justice for those who stole billions
— November 10, 2011 8:25 a.m.

The Federal Reserve's Money Orgy

SP...were u trying to think of Wilbur Mills? i think fanne foxe, the argentinw stripper, something about them staggering around drunk in the tidal basin in wash dc? we should be able to understand that men and women do have bouts of infidelity ... it seems those that are held up as standards of virtue probably have a higher propensity to engage in such ... if we weren't such hypocrites about it and just accepted that people tend to do this (like the french), it wouldn't be such a big deal ... i think the trouble really comes in when there's substance abuse...booze and drugs...that really sets us up for bad judgment by powerful people...and now with wall st operating like the wild west...good luck to us all... ... of course, let's not forget Linda Tripp who Monica Lewinsky took into confidence...and then was exposed...Tripp was rewarded with a $90K/yr Pentagon job while she stayed at home after that ... nice work if u can get it
— May 1, 2011 1:14 p.m.

The Federal Reserve's Money Orgy

i predicted an oscar for "Inside Job" immediately after seeing it last Oct ... it's in writing on my Yahoo movie reviews ... the psychotherapist may bave been in "Client 9" ... in any case, the hookers and coke stories were there ... consider this from Roger Ebert's review of "Inside Job"... One of the most fascinating aspects of “Inside Job” involves the chatty on-camera insights of Kristin Davis, a Wall Street madam, who says the Street operated in a climate of abundant sex and cocaine for valued clients and the traders themselves. She says it was an accepted part of the corporate culture that hookers at $1,000 an hour and up were kept on retainer, that cocaine was the fuel and that she and her girls didn't understand how some traders could even function on the trading floor after most nights. http://rogerebert.suntimes.com/apps/pbcs.dll/arti… ---- as for surfpuppy's comments...here's more fuel ...here's another lengthy piece on wall st drug use ... not sure what year this was published... credible? WHEN COCAINE HITS WALL STREET Sharpe Capital suit reveals seamy side of securities industry http://www.angelfire.com/sd/dali1/drogue.html
— May 1, 2011 1:04 p.m.

The Federal Reserve's Money Orgy

don ... check out this column re: rampant coke, prostitution etc by wall st workers ... surfpuppy was referring to the psychotherapist who was interviewed in "Inside Job" ... i would have to agree that where ever there are big dollars and big risk, there will also be other high risk human behaviors...seems to make sense ... didn't i read somewhere that gambling addiction and cocaine addiction stimulate the same part of the brain? ... http://www.getmoneyenergy.com/2010/10/wall-street…
— May 1, 2011 10:17 a.m.

The Federal Reserve's Money Orgy

Sandrin says he was a bartender at the country club and alleges that he saw all this firsthand
— May 1, 2011 9:01 a.m.

The Federal Reserve's Money Orgy

don ... i do believe there were some allegations of large amounts of drug use and prostitution either in INSIDE JOB and/or in CLIENT 9 re: Eliot Spitzer. The madam running the wall st prostitution ring had 10,000 clients, i believe ... here's a little WSJ morsel re: drugs and this is re: mostly the lower level workers...i think the stress and casino-mentality of wall st lends itself to drugs and prostitution just like las vegas, i would imagine... http://blogs.wsj.com/deals/2010/08/20/wall-street… the FBI were very vigorously pursuing Spitzer ... they did not want the madam's rolodex ...she said her clientele were the very top of wall st institutions ... this should surprise no one after hearing about the sex with under-aged and drug ring of the 80s run by gop operative, lawrence e king jr that got swept under the rug ... allegedly went to the highest levels of govt, finance, etc...we're talking the Franklin Cover-up here ...
— May 1, 2011 8:53 a.m.

The Federal Reserve's Money Orgy

check out the 4th comment by a Mr Sandrin following the Taibbi article ... allegations from an eyewitness stating that he saw Mack and others engage in large cocaine use and lewd acts with prostitutes ... we are talking the former CEO of Morgan Stanley .... Clinton was almost removed from office for less ... http://www.rollingstone.com/politics/news/the-rea…
— April 30, 2011 5:18 p.m.

U-T Employees Restive Again -- Understandably

In the big picture, how sad and pathetic that the major daily in one of the country's largest cities is so inferior. Journalism has really suffered. Even the online edition of the SD UT has gone downhill and is lame.
— April 4, 2011 7:16 p.m.

Lerach: Don't Blame Public Union Members. Blame Wall Street

SP ... that's the spirit...thanks for posting those links properly...
— March 7, 2011 10:59 p.m.