Friday, December 05, 2008

First The Circus Was Implicated. Now Its Charles Ponzi.

We highlighted a story at the New York Post last week labeling Citigroup executives as Bozos. Now it appears that not only has the circus been implicated with Bozo the clown, but now Charles Ponzi is now involved. Gotta love the Post! If the government is not going to hold firms accountable, it appears investors will. I would hope this happens across the board and includes former executives such as Hank 'Ponzi' Paulson who carted off hundreds of millions of dollars in his participation. We aren't even close to the beginning of the legal actions going to be taken as a result of this fiasco. This will go on for years and years and years.

I have a really good (and serious) post on this topic but I don't want to put it up until 2009. Hang tight. I don't think you will be disappointed.
posted by TimingLogic at 7:01 AM