Chris Whalen of Institutional Risk Analytics has a great piece that most won't get past the title let along past the first 3 paragraphs simply because he hasn't mentioned Lindsay Lohan, Justin Bieber, Charlie Sheen or a porn star.
Sadly they are missing out because Chris hits the nail on the head in his piece AIG Redux: Is the Fed Blowing bubbles in structured finance and insurance? It's a shame when the general population cannot figure out a neg-am option ARM mortgage, let along how an off-balance sheet structured investment vehicle can nuke a balance sheet.
Imagine the mob was running an investment bank. Actually don't because that would be an insult to the mobsters everywhere because they don't mess with law abiding citizens as they focus and police the illegal underbelly of the economy but I digress.
At what point are some adults (how about law enforcement for starters) going to start recognizing the lucky sperm club, trust fund holding, lvy League MBA carrying cockroaches designing these financial cocktails are terrorists and must be stopped.
These financial innovators are nothing more than financial terrorists planting explosives on America's corporate balance sheets. Remember this the next time some shallow, make-believe pundit, like Altucher did this morning, comes on CNBC and tells you corporate America's balance sheets are flush with cash.
Are you still wondering why I rail on these Ivy league MBA's running around like cockroach versions of Dr. Frankenstein?
Paul Volcker was right when he said finance's greatest contribution to society was the ATM.
Again I encourage the purported leaders of finance and business, -the learned men, I mean, they are learned men right? I see them on CNBC all the time - men like Langone, Buffett, Wynn, Pickens, Gates, Ross etc. to step up and stop this Great Ponzi.
That is, unless they are all far too busy lining their own pockets from the Ponzi than to save the Republic from it.
Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".
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