Category Archives: OWOC

Reports From Obama’s War On Capitalism

A retired lawyer apparently thinks the system has bad apples in it.

Grassi says the companies’ faulty debt analyses have been at the core of the global financial meltdown and the firms should be held accountable. Exhibit One is his own investment. He and his wife, Sally, held $40,000 in Lehman Brothers Holdings Inc. bonds because all three credit raters gave them at least an A rating — meaning they were a safe investment — right until Sept. 15, the day Lehman filed for bankruptcy.

This of course will lead to speculation as to what is meant by individuals in the system as opposed to the system itself so as to allow for emotional input and the waving of arms- with or without pom poms of course.

H/T

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