Mbuna

MBIA's GIC Exposure Could Trigger a Liquidity Crisis

It's nice to see a little dose of reality here but I wonder what it will take for someone with a larger platform start to speak out on the culture of lies and denial that is now so prevalent in the financial sector. There are so many white elephants in the room it is practically a frickin stampede! One example- it has been clear for around 6 months that Citibank was insolvent. Where was (is) the press coverage of that fact? The facts are there if you wade through the BS but there is some kind of taboo about telling the truth. Everyone knows all these quarterly reports are anything but truthful. It has reached the point of absurdity in my opinion. Just look at this person trying to defend MBIA. Does anyone actually believe he is sincere? Was he put up to it by someone else? All that anger indicates someone has a lot at stake here. His point number 2 is classic- suffering the heartbreak of "alleged corporate fraud". How much more cartoon like will this all get? What will it take for everyone to get over their denial?