I wanted to put a list of our shame as the citizens of the world. I thought it might be interesting to see just what has happened in the last 2 years as we have watched the shaming of our nations revealed through this economic downturn. It amazes me that corporate greed, consumerism and capitalism have come so far.
So many have sold their souls.
May we never forget!
pd
___________________________________
Our little List of Sin
1. Salandar’s Art
http://money.cnn.com/2009/03/27/news/art_dealer/index.htm?postversion=2009032706
2. Credit Suisse Defrauded by Investment Firm
http://www.forbes.com/2009/03/25/private-equity-credit-suisse-business-wall-street-credit-suisse.html?feed=rss_popstories
3. Thain’s Office – The former Merrill CEO spends over a million on an office redesign after leading his investment group into ruin!
4. Merrill’s Bonuses to Losers – http://www.bloomberg.com/apps/news?pid=20601087&sid=aDeaG8lwSMxw&refer=home
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNK7oT_jXuxY&refer=home
5. BofA’s Cover Up
6. Madoff – http://money.cnn.com/2009/03/12/news/newsmakers/madoff_courtappearance/index.htm?postversion=2009031215
7. Miami’s Banks hiding Dictator’s stash – http://www.miamiherald.com/business/story/947261.html
8. Stanford’s Island
http://www.reuters.com/article/topNews/idUSN1842429020090218
http://www.bloomberg.com/apps/news?pid=20601170&refer=home&sid=abDYIYTwjjl8
9. NY Lawyer Investment Scam
Dreier indicted on more charges – http://money.cnn.com/2009/03/17/news/companies/dreier_laundering.reut/index.htm?postversion=2009031719
http://money.cnn.com/2009/03/19/news/hedge_fund_fraud/index.htm?postversion=2009031914
10. NY Politicos Charged in Pension Fund Scheme – http://www.fa-mag.com/fa-news/3972-ny-politicos-charged-in-pension-fund-kickback-scheme.html
11. Texas Email Stock Scam – http://www.fa-mag.com/fa-news/3973-texas-traders-to-pay-nearly-4m-in-e-mail-stock-scam.html
12. Cramer’s Indiscretion – http://apple20.blogs.fortune.cnn.com/2009/03/13/stewart-slams-cramer-with-apple-video/
13. Fall of Lehman – http://www.bloomberg.com/apps/news?pid=20601109&sid=aB1jlqmFOTCA&refer=home
14. Fall of Bear Stearns
http://www.npr.org/templates/story/story.php?storyId=11225328
http://economictimes.indiatimes.com/Markets/Stocks/Global_Markets/CDO_market_shudders_on_Bear_Stearns_fund_collapse/articleshow/2140357.cms
http://www.telegraph.co.uk/finance/2810979/Bear-Stearns-in-3.2bn-fund-bail-out.html
15. The Crash
http://holyworldwide.com/dustinhedrick/?p=568
http://holyworldwide.com/dustinhedrick/?p=573
http://holyworldwide.com/dustinhedrick/?p=576
http://holyworldwide.com/dustinhedrick/?p=810
http://holyworldwide.com/dustinhedrick/?p=825
http://holyworldwide.com/dustinhedrick/?p=893
http://holyworldwide.com/dustinhedrick/?p=895
http://holyworldwide.com/dustinhedrick/?p=964
http://money.cnn.com/news/storysupplement/economy/recession_depression/
16. Naked Short Selling (& the rule change that made the crash possible from 2007)
http://money.cnn.com/2009/03/24/markets/modified_uptick.reut/index.htm?postversion=2009032412
17. Sub Prime Lending and Rise of Foreclosures – http://money.cnn.com/2009/03/12/real_estate/new_foreclosure_jump/index.htm?postversion=2009031215
http://www.bloomberg.com/apps/news?pid=20601109&sid=agdquPfpIk78&refer=home
18. Stimulating Indiscretion
AIG’s Vacation – http://www.bloomberg.com/apps/news?pid=20601039&sid=agV77aT42D.4&refer=home
AIG’s Bonuses for Idiots that Created this Mess – http://money.cnn.com/2009/03/18/news/companies/aig_hearing/index.htm?postversion=2009031810
19. FNM & FRE
http://www.lvrj.com/business/28044604.html
http://www.guardian.co.uk/commentisfree/2008/jul/12/useconomy.creditcrunch
20. WAMU
http://seattletimes.nwsource.com/html/jontalton/2008204731_biztaltoncol26.html
21. Wachovia
http://www.charlotteobserver.com/408/story/222685.html
22. CDO’s, CDS’ & CLO’s
http://www.bloomberg.com/apps/news?pid=20601109&sid=akXjReT2YryA&refer=home
http://www.bloomberg.com/apps/news?pid=20601087&sid=a5DzVI2G8X94&refer=home
http://www.bloomberg.com/apps/news?pid=20601068&sid=aaaFmj_r7EbM&refer=home
23. Shadow Banking
24. Hedge Funds – Their sneaky derivatives and naked short selling led to Lehman and others’ fall.
25. Corporate Bond Busts
26. Indy Mac
27. West Palm Beach Government Leaders giving family contracts
28. Financial Fraud Cases – http://money.cnn.com/2009/03/20/news/economy/fraud_probes/index.htm?postversion=2009032015
29. US Car Industry
GM & Chrysler’s misdeeds and money waste (FLYING TO DC)
30. Big Oil’s “Believed” Influence – http://news.bbc.co.uk/2/hi/business/7704786.stm
http://holyworldwide.com/dustinhedrick/?p=640
31. 1 Dollar Houses in Detroit – No one wants a part of Motown anymore.
32. Ghost Towns in GA, CA & FL – As homes are foreclosed, whole towns and subdivisions have been left vacant since homeowners are leaving in droves.
33. Record Jobless Number – http://money.cnn.com/2009/03/12/news/economy/jobless_claims/index.htm?postversion=2009031209
http://www.bloomberg.com/apps/news?pid=20601087&sid=aFPHiiinVQpA&refer=home
34. Credit Card Misdeeds – http://www.bloomberg.com/apps/news?pid=20601087&sid=aAJRRhfN5XOQ&refer=home
35. Geithner’s and Others’ Tax Lies – http://holyworldwide.com/dustinhedrick/?p=799
36. Senators & Rep’s on the Take – Goverment Gifts
http://holyworldwide.com/dustinhedrick/?p=907
http://money.cnn.com/2009/03/25/news/economy/sloan_execs.fortune/index.htm?postversion=2009032604
37. Health Indescretions – http://www.bloomberg.com/apps/news?pid=20601124&sid=aR_WfzIY5034&refer=home
38. Celebrity Foreclosures and Bankruptcies – http://www.cnbc.com/id/25006032
39. Clothiers forced to become modest –
http://www.usatoday.com/money/industries/retail/2009-03-08-teens-modest-retail-clothes_N.htm
http://www.ksl.com/?nid=148&sid=5829809
40. Commercial Real Estate Fall – Prices are still projected to drop into 2010 which will utterly wipe that world away.
41. Manhattan’s Fall (Prices, Jobs, bad spending, etc) –
http://www.reuters.com/article/domesticNews/idUSTRE50715Z20090108
42. Swiss Banking SECRECY Broken – http://news.bbc.co.uk/2/hi/business/7941717.stm
43. Misuse of Visas cleaned up due to downturn – http://money.cnn.com/2009/03/04/smallbusiness/foreign_worker_visas_applications_down.smb/index.htm?postversion=2009030515
44. Newspaper’s “Blood in the Streets…” Destroys their funding base – Newspapers keep crying “Blood in the Streets” in order to sell papers. That same cry has led to their bondholders and shareholders dumping stock, dropping their value, reducing their income stream and leading to a freefall for the media world.
45. Entertainment & Media
Newspapers shutting down
Hollywood Cuts and Cleanup – Hollywood dropping films and actors. Cleaning up its image.
Curbing Porn Appetite – Playboy going out of business, porn sales drop.
Record Drop in Gambling – http://www.bloomberg.com/apps/news?pid=20601087&sid=aJzJ_THa9Pck&refer=home
46. Coupon Dealer Shenanigans – http://money.cnn.com/2009/03/13/news/companies/news_america_settlement.fortune/index.htm?postversion=2009031311
47. HISTORY OF EXCESSES:
http://news.bbc.co.uk/2/hi/business/7939403.stm
48. Kerviel Societe Generale – http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aGPm6.ePWEhA