This Is What Happens To Chinese Executives Who Commit Crimes...

The Really: What happens to Wall Street moneymen who commited the greatest crime against the US in its history...namely the destruction of free market capitalism?

The Chinese will send executives to death for corporate malfeasance. What happens to American executives?

The Citi Never Sleeps

The Really: Late breaking news from CNBC shows that the Citi never sleeps when it is trying to put together a deal to save itself.

Breaking now: Citi is trying to work with the Government to sell assets or receive a bailout-in (or "out" as you prefer) but the situation is fluid. (The mind boggles when one thinks what kind of fluids these may be).

Meanwhile Ryan Tate the night reporter at Gawker has compiled several reports which lead one to believe that the following countries are on the brink of a kind of "bankruptcy".: joining poor Iceland may soon be Great Britain, Switzerland and Hedgefundia.

Dealbreaker is providing a blow-by-blow for those who know they will not get to sleep tonight anyway.

Maybe We Should Call You Neel "Cash-and-Carry?"

The Really: Neel Kashkari (Assistant Bailout Czar) needs a bailout from the crazy mean Congressmen today.

Congressmen tear Neel a new one. Video to follow.
"I assure you the secretary is passionate about this," Kashkari said.
"Passionate about what?" Kucinich said.
"About helping homeowners," Kashkari replied.
"Where?" Kucinich asked, sarcastically. "What country?"
"We are using all the tools available to ease the credit crises," Kashkari said. "Let me give you an example..."
Kucinich interrupted Kashkari and continued his harangue.
"Maybe this is a game to some people in the administration. They're on their way out of office and they can do whatever they want," said Kucinich who tried to launch impeachment proceedings against Bush. "Meanwhile, people are hoping against hope" for help with their mortgages.

Latest Victim Of Nasty Economy: Brothels

The Really: Working girls can't catch a break.

The latest victims of the nasty economic downturn are brothels in Nevada. No wonder they voted their pocketbooks.

Happy Halloween From Alan Greenspan!

The Really: The scariest thing you can dress up as for Halloween is Alan Greenspan? Mask above.

Today in front of a Congressional committee, Alan Greenspan, the architect of free markets in America and the world in our lifetime is "shocked" that banks did not regulate themselves and their own risk.

If Greenspan had lived the life of the average American he would have seen that corporate governance and stewardship has been eroding away in increments for the last twenty years. It was the shift from the paternalistic business model of long employment with same companies, loyalty and benefits. When the "gunslinger" became President, it became every man for himself, and everyman was left at the chuckwagon with two sticks to rub together.

Banks did not manage their own risk? Yes but bank executives did: by taking their money up front in huge bonuses. Make no mistake about it. The Bush years have largely destroyed what was left of the fiction of the American Dream by selling the American people on cheap mortgages and unlimited credit just the way a three card monte dealer entices his customers or a MLM pyramid scam is proposed to its marks.

I got mine you go get yours will reduce America to the second-rate nation.

And so it goes.