Friday, April 15, 2011

Elliot Spizters’ garden blooms!

I happened to turn on CNN-TV last evening just in time to watch Elliot Spitzers’ gang-buster show.

As former Governor (D-NY) and after loosing his battle with Wall Street banksters in 2008, it now appears Mr. Spitzer has won the war.

Professionally, Mr. Spitzer is a very disciplined man. But with all of his professional aura and after watching him going deeper into his presentation last evening, it was hard not to internalize what can only be labeled his masterful control of his glee in reporting that many of his nemesis on Wall Street have finally been slain.

Unfortunate circumstances prevented Mr. Spitzers' personal involvement in the slaying but hey, I think he would be first in line admitting that vengeance in any form regarding this issues is a thing of beauty. I send him my best wishes.

As always,
BB

Lawsuits vs banks win ammunition from Senate
By Tom Hals and Jonathan Stempel
Excerpt:
A scathing U.S. Senate panel report faulting Goldman Sachs Group Inc, Deutsche Bank AG and others for contributing to the financial crisis may provide ammunition for investor lawsuits accusing the banks of putting their own interests ahead of their clients'.

And
Lawyers for investors who say they lost money from the securities and the banks' stocks consider the report a positive for their legal cases, though much of the underlying documentation and allegations were already known.

And
The report details how investigators believe Goldman and Deutsche Bank deceived clients into buying securities that the banks suspected were likely to implode and bet against with their own money.
Read more at:
http://93rockon.com/news/articles/2011/apr/14/lawsuits-vs-banks-win-ammunition-from-senate/

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