When a Cohen sells soon-to-swoon Wyeth stock to some schmuck whos - TopicsExpress

When a Cohen sells soon-to-swoon Wyeth stock to some schmuck whos not clued in, the counter-party loses his shirt. When JP Morgan labels financial feces as “prime” mortgages and dumps it on Fannie Mae, the US taxpayer gets a hosing. When Goldman Sachs and billionaire John Paulson sell the Royal Bank of Scotland synthetic CDOs that are as valuable as a chocolate kettle, the Bank of England pays and the people of England lose two million jobs. When hedge fund predator Paul Singer mounts a vulture attack on the Congo and makes a killing, Oxfam says hes taking cholera medicine away from kids who are facing death. In other words: Theres no such thing as a victimless billionaire. - Greg Palast

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