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Of course, we entertain views otherwise: That's our nature.

(The) Street Controls (You) is a pithy, enlightening atomization of the technology, power and money that animate the great capital markets beast, ensuring your docile, obedient servitude.

Deconstructed, checked for ticks, and explained, we'll show you how its hairy hands are at every moment clasped around and working the levers of our world.

Thursday, September 16, 2010

Dis Pater: Quarter-end Window Dressing by Banks Open Secret for Years


FYI: Lehman Brothers' "repo 105" transactions being investigated by the Securities and Exchange Commission and similar techniques allegedly bent toward achieving similar goals - those of understating at quarter-end the level of debt these banks typically carry for the purposes of boosting in the eyes of the market their companies' values, has long been an open secret...

We wrote about it in 2003:





Posted by skribe at 12:37 PM

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