Thursday, March 18, 2010

Bank auditors got big bonuses for looking the other way...

Right straight out of a tin foil hat conspiracy novel IMO:

I love the wording about how regulators could have had “a stronger supervisory response”.  Talk about your understatement of the century to go along with the biggest bubble in a century which is nothing but the scam of the century.  We need to set aside this ridiculous banter and just call it like it is: massive bribes and corruption at all levels of the system.  People who were willing to let 10s or 100s of billions of crap slip by so that they might collect their few thousand of hush money.  Nobody willing to stand up and do their job and blow the whistle on the scam.  It’s like calling Charles Mansion and Jeffrey Dahmer “moody, responsible and lacking in self control”.  We had gotten to the point where everything is sugar coated and made politically correct but I think the days of political correctness obscuring the hard truth are numbered.
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