Edward Ulysses Cate

Book Review: Fool's Gold, by Gillian Tett

CDS is just another way to Cheat, Deny and Steal. If one wants to make bets, go to the casinos. I did not chose to live within a casino, with no way out. The real problem is that folks who are NOT party to the transaction are the ones that get burnt.

JPMorgan: New Day, New Bank, Same Story

If you bother to read "The Best Way To Rob A Bank Is To Own One" you'll see that the same thing has happened in the 80's with mega S&Ls. Merge two insolvent financial organizations, mix in some fancy accounting, and you've got "profits." One must continue to lie in order to continue to steal, which explains the big bonuses.

JPMorgan Chase Proves Banking Isn't Dead

If you bother to read "The Best Way To Rob A Bank Is To Own One" you'll see that the same thing has happened before. Merge two insolvent financial organizations, mix in some fancy accounting, and you've got "profits." One must continue to lie in order to continue to steal, which explains the big bonuses.