BTW, all of our ‘top’ financial ‘institutions’ are in bust-out mode.

Hence all of the ultra-hefty ‘bonuses’ to the inside crew even as ( especially as ) it is apparent that the firm is insolvent.

JPMorgan has an insane devotion to derivatives. If the system goes, put a fork right in.

Wells Fargo has been stove in by WaMu the untamed harpoon.

Citigroup, it’s a financial carcinogen, the blob, break out the dry ice…

Freddie and Fannie: the democrats’ favorite trough. Now effectively American real estate’s banker of first and last resort.

FASB… better and more blinding liars than Communist officialdom. Now rendered just a tool of the top.

MAI real estate appraisals: Made As Instructed — as ever.

Bankers, as a group, are expected to be rigorous and conservative — not to pour RMBS’ out of a boot!

And so, they got drunk on them.