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To: THE ANT who wrote (73617)5/21/2010 8:17:37 AM
From: Haim R. Branisteanu  Respond to of 74559
 
Klaser, unfortunate I did not see the movie so this is telling me little.

In any case may be may be between the Senate Law and Merkel something good will come out of it.

Just read on Bloomberg that Citi engaged in similar practices like Goldman selling products they knew that they will be worthless in few months

The thievery and swindle is just mind boggling and all the time savings and taxpayer money was syphoned from overseas into the coffers of WS scum and US Treasury as taxes from WS profits

May 21 (Bloomberg) -- Citigroup Inc. sold a series of mortgage-linked securities without disclosing that Morgan Stanley helped shape them while betting they would fail, two people with knowledge of the matter said.

Marketing documents for the $205 million Jackson Segregated Portfolio, underwritten by Citigroup in 2006, don’t say who picked the underlying mortgage bonds. A Morgan Stanley unit helped select the bonds, the people said, speaking anonymously because the deal was private. Six of the seven series of Jackson bonds later defaulted, costing investors more than $150 million of losses, data compiled by Bloomberg show.

bloomberg.com