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To: Hawkmoon who wrote (110098)3/30/2010 9:29:10 AM
From: Haim R. Branisteanu3 Recommendations  Read Replies (1) | Respond to of 116555
 
Big difference between being leverages and selling financial Structured instruments as saving plans, SIV's ABS's COD's CMB’s etc., most of them with a substantial base of sub-prime mortgages, credit card debt or auto loans and the list goes on.

Lehman alone sold the world over $300 BILLION of structured instruments as saving plans which went bust and the list goes on, not to mention the blatant manipulation of everything that can be traded with a financial instrument like cruse oil, sugar, BDI index and other commodities CDS etc.

To call US employees above VP level at US WS banking and financial firms scumbags is a to mild definition - the mere fact that many of those people then join the US Treasury does not make any difference