If a Bubble Bubble Bursts Off the Balance Sheet, Will Anyone Be There to Hear It? [View article]
Off balance sheet items became in-pocket pay to Wall St. This fraud aches for clawback and criminal charges. However, Washington runs it's ponzi finances similarly, and, like two drunks, they keep each other standing.
Nothing Is Ever Truly 'Off the Books' in the Financial World [View article]
For years I've assumed Wall St. knew their business even as I read about off-balance-sheet obligations and lots else they cook up. That's their business even though it sounded fishy to me. Now it's our business because these richest of the rich come to the pauperized former middle class for bailouts. We've paid for continued mega-pay employment on Wall St. so they can continue to create more "product" to hit the fan. They need a V-shaped recovery like our government for this stuff to actually work. Luckily for them it's always OPM.
If a Bubble Bubble Bursts Off the Balance Sheet, Will Anyone Be There to Hear It? [View article]
Nothing Is Ever Truly 'Off the Books' in the Financial World [View article]