Where's the perp walk?


Looks like we’ll be working our way down the organisational chart, not up, to get those crooks!

Mail clerks, postroom boys and doormen - your days are numbered!


What about those Bear Stearns naughty hedgies?

Are they guilty?

June 19, 2008
bloomberg.com/apps/news?pid= … ZnRy9Si0OI
Ex-Bear Stearns Fund Managers Indicted for Fraud (Update4)


November 11, 2009
money.cnn.com/2009/11/10/news/co … /index.htm
Former Bear Stearns execs not guilty


Don’t you know, the butler did it !


AIG - gotta be guilty right?


Mar 5, 2010
AIG’s Greenberg says cannot be charged

May 22, 2010
bloomberg.com/apps/news?pid= … ksbwRhTw7w
Prosecutors Said to Drop Probe of Ex-AIG Executive (Update1)


Dick “What’s a Repo 105” Fuld - well he’ll never work on Wall Street again, right?


thestreet.com/story/10757156 … ities.html
Dick Fuld Re-Emerges at Legend Securities


The important thing is not whether they are found guilty or not - thats for a jury to decide. The important thing is that they have a functioning criminal justice system that puts them on trial. Which isn’t happening in this country wrt banking fraud, political corruption and other breaches of the companies acts.


Ahhhhhh… but do they?

Many are starting to disagree.

opinionator.blogs.nytimes.com/20 … t-go-free/


industry.bnet.com/financial-serv … al-crisis/


William K. Black has argued vociferously for maniacs in manacles:

To rob a country, own a bank


Ok, a slightly more functional but still imperfect justice system.


Here, I think he’s wrong. The evidence appears to show that it is not the owners (shareholders) who benefit, it is the management. So the best way to rob a country appears to be to ‘manage’ a bank. I believe there is a serious disconnect between owners and managers, as a result of a criminal connect. The bank owned life and insurance companies have large cross-holdings in other banks. This should never have been allowed to happen.

The banks need to be split up so that banking functions are in one company totally separated from insurance and life functions. Banks should not be permitted to hold the debt of other banks, even at supposedly arms length. The owners of banks must be separated from the managers.


Where’s the perp walk?





Countrywide - Tangelo’s a shoo-in, no?

04 Jun 2009
cnbc.com/id/31108460/SEC_Cha … er_Trading
SEC Charges Ex-Countrywide CEO with Insider Trading

Hmmmm… maybe not:

Jun 16th 2008
bloggingstocks.com/2008/06/1 … eal-story/
Angelo Mozilo’s loans to friends: the real story


theloop21.com/money/who-caused-t … -they-jail




Got one of the bastards!

I’m sure a few CEOs will be losing sleep tonight!

journallive.co.uk/north-east … -26538773/


20 of the most “doable” from Time’s list:
time.com/time/specials/packa … 39,00.html


globalresearch.ca/index.php? … &aid=20672


seekingalpha.com/article/222567- … nst-mozilo


bloomberg.com/news/2010-09-1 … ate1-.html