[lbo-talk] The system seems so obviously corrupt now. They aren't even hiding it.

Bob Morris bob.morris at gmail.com
Sat Oct 17 08:56:42 PDT 2009


- Adam Storch, a 29 yo with no relevant experience just got appointed COO for SEC enforcement. His sole qualification seems to be that he is a Goldmanite.

"Is this the US Congress or the board of Goldman Sachs?" - Rep. Kucinich, Oct 2008, during bailout debate.

- Among the revelations of billionaire Raj Rajartanam's insider trading arrest are 1) the FBI used wiretapping and Clusterstock says this has more then a few Wall Streeters in a panic. and b) Among those feeding them insider info was someone at Moody's who got paid $10,000 for a tip.

I think this story will go all sorts of interesting places.

Links from my blog, if interested.

http://polizeros.com/2009/10/16/hi-im-the-new-coo-for-sec-enforcement-be-scared-be-very-scared/

http://polizeros.com/2009/10/17/raj-rajaratnam-hedge-fund-billionaire-arrested-for-insider-trading-but-thats-just-the-start/



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