E-mails Suggest Bear Stearns Cheated Clients Out of Billions - The Atlantic

Former Bear Stearns mortgage executives who now run mortgage divisions of Goldman Sachs, Bank of America, and Ally Financial have been accused of cheating and defrauding investors through the mortgage securities they created and sold while at Bear. According to e-mails and internal audits, JPMorgan had known about this fraud since the spring of 2008, but hid it from the public eye through legal maneuvering. Last week a lawsuit filed in 2008 by mortgage insurer Ambac Assurance Corp against Bear Stearns and JPMorgan was unsealed. The lawsuit's supporting e-mails, going back as far as 2005, highlight Bear traders telling their superiors they were selling investors like Ambac a "sack of shit."

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Ben Bernanke was Wrong

If Helicopter Ben was this wrong in the past, why should we believe anything that comes out of the little weasel's mouth now, when he says the economy is turning around.

Glenn Beck's Conspiracy Theory About How Goldman Sachs Rules The World!!!

Has Glenn finally gone off the deep end? Is his tin foil hat a little too tight? Honestly most conspiracy theories fall apart once you start looking at the evidence upon which they are based. But I don't think Glenn's theory is a conspiracy but rather a great example of the way things are today.