Tuesday, November 22, 2011

Corrupt America makes Asia look saintly

AIG © fintag

News comments:
The SEC is getting 7 tip-offs a day for malfeasance or some other market abuse crime.

Since Enron went bust, its been mostly American blowups that have given regulators ammunition to push more and more red tape onto the financial sector.

From Bear Stearns, AIG, Refco, Worldcom, Qwest, Tyco, Lehman, Madoff to MF Global, these all American disasters have destroyed the lives of thousands and there will surely be more blowups in the future.

But this is good. Capitalism is risky and people get hurt but that is life. I stubbed my toe yesterday on a door and I have to just get on with life. I was stupid. I learned my lesson. Shoes must be worn at all times.

Today's shorts:
IMF the new world super power (reuters)

Today's longs:
SEC wakes up and pay outs (bloomberg)

Hedge Funds get their act together (hedgeweek)



Anonymous said...

Some toes are bigger than others, some toes mothers are bigger than other toes mothers....