Everything You Need to Know About Wall Street, in One Brief Tale - Matt Taibbi

[Klukie]

If there was ever a news story that crystalized the moral dementia of modern Wall Street in one little vignette, this is it.

Newspapers in Colorado today are reporting that the elegant Hotel Jerome in Aspen, Colorado, will be closed to the public from today through Monday at noon.

Why? Because some local squire has apparently decided to rent out all 94 rooms of the hotel for three-plus days for his daughter’s Bat Mitzvah.

The hotel’s general manager, Tony DiLucia, would say only that the party was being thrown by a "nice family," but newspapers are now reporting that the Daddy of the lucky little gal is one Jeffrey Verschleiser, currently an executive with Goldman, Sachs.



Read more: http://www.rollingstone.com/politics/blogs/taibblog/everything-you-need-to-know-about-wall-street-in-one-brief-tale-20120113#ixzz1jMqS1Guy

[truedelphi]

1. Oh Noes! Not more class warfare spread by the

Inflammatory writer Matt Taibbi!


You would think that Goldman Sachs was some type of blood sucking, parasitic organization...

[Uncle Joe]

2. Amazing how deep greed based depravity will go, a must read column.

Thanks for the thread, Klukie.

[Fuddnik]

3. Some meat from the article.

At first, I couldn't remember where I knew that name from. But then I looked it up and saw an explosive Atlantic magazine story, published last year, called, "E-mails Suggest Bear Stearns Cheated Clients Out Of Millions." And then I remembered that piece, and it hit me: Jeffrey Verschleiser is one of the biggest assholes in the entire world!

The story begins at Bear Stearns, where Verschleiser used to work, up until the company exploded, in large part because of him personally.

Back in the day, you see, Verschleiser headed Bear’s mortgage-backed securities operations. Toward the end of his tenure, his particular specialty began with what at the time was the usual industry-wide practice, putting together gigantic packages of crappy subprime mortgages and dumping them on unsuspecting clients.

Read more: http://www.rollingstone.com/politics/blogs/taibblog/everything-you-need-to-know-about-wall-street-in-one-brief-tale-20120113#ixzz1jNVdXAOS

[Octafish]

11. Guy deserves a long stay at this chain...

...they'll even turn the lights out for ya.

[OffWithTheirHeads]

13. Bout time they named a pen after Lee.

[Octafish]

14. If the guy'd lived, they'd've named a carrier after him, by now.

[Hotler]

18. +100 n/t

[tclambert]

4. Romney says it's all about envy.

You people just envy him 'cause he can afford to rent a whole hotel for a weekend for his little girl's party.

[Taverner]

5. And to think, if they just held it at the Ramada Inn, she probably would have enjoyed it more...

[JDPriestly]

6. Meanwhile the foreclosures continue.

And unemployment is improving but only slightly.

Further, we have turned into a service-based economy. And that is very, very risky.

[Canuckistanian]

7. Wow, what a story

Why this Verschleiser is not in a jail cell or filing for personal bankruptcy after getting his pants sued off is a mystery.

Where is the SEC on this? Do they have any function at all these days?

[Dragonfli]

8. The SEC's current function is to take bribes/penalties (much smaller than damages caused) in

exchange for blanket immunity for the bankers and banks that pay the token fines.

That way they all get to keep most of the money from the scams and walk free. The SEC is just a rather small part of the cost of doing business. The politicians that direct the SEC actually cost them more to keep in pocket.

[donheld]

9. Matti is still my favorite.

[PuraVidaDreamin]

10. Mine also

Just think of the info we wouldnt know without him.

[City Lights]

16. He's a real gem. I love his writing style. eom

[barbtries]

12. damn.

it's shocking that these people are not being prosecuted. what can we do?

[City Lights]

15. Great read! Thanks for posting, Klukie.

I get so infuriated reading stuff like this.

[Hotler]

17. What a fucker.

OWS needs to start building a guillotine in Zuccotti Park so when the fuckers on Wall
St. look their windows then can tell how we the people really feel about them.

[bvar22]

19. Now, Now. There you go again.

"We shouldn't begrudge them their wealth."

I know these guys, "and they are just savvy businessmen."

"I mean, look at all the baseball Players!"

"Its the FREE MARKET!!!"


---President Obama defending the outrageous bonuses of failed Wall Street Bankers



You will know them by their WORKS,
not by their excuses.
[font size=5 color=green][center]Solidarity99![/font][font size=2 color=green]
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[olblueyez]

20. Chopping Heads

The sad part is, they won't put a stop to this crap until people do start chopping heads in Zuccotti. They are mentally ill and take pleasure in the misery of others.