Guest Post: U.S. Financial Markets: The Well Has Been Poisoned (Anger of the Honest Part II) | zero hedge
Zerohedge, above, is my one stop shop for whenever I need to pin down the fraud and moral hazard in the finance world, don't need an MBA to understand ponzi scheme. As long as helicopter Ben Bernanke keeps printing his trillions, bankers are happy, never mind Joe Bloggs losing his house in Arkansas, due to fraudulent mortgage backed securities. Lets just do another round of QE2 shall we and wipe out more of those bad debts from the balance sheet of JPMorgan et al, that should do it, never mind the fact the US dollar is going to hell in a hand basket and that we'll be facing hyper inflation down the gun barrell in a matter of a few years, knocking millions of your 600 square foot dream flat in Sheung Shat. The universe will catch up with these criminals soon enough.
P.S. Cover your shorts boys, this one is about to get nasty!
Rosenberg On The Revenue-Less, And Now Margin-Less, Recovery | zero hedge