Tuesday, April 28, 2009

AIG - Possible Lawbreaking

Karl Denninger posted this link to a CBS Report stating that three of AIG's current/former executives are under federal investigation for securities fraud. Karl has more info and commentary about it here. He also points to a Bloomberg commentary about the decision not to reveal the massive Merrill Lynch losses while Bank of America was completing its acquisition. Not reporting was a violation of SEC rules and regs.

I posted the video about Dmitry Orlov's claim that the US is going to collapse as a superpower. This is the sort of stuff that will hasten that day. It seems that lawbreaking is the order of the day at all levels of society.

No comments: