Category Archives: Awesomesauce

The Lehman Postmortem: Zerohedge Breaks it Off

FFFFFFFFFFUUUUUUUUUUUUUUUU Zerohedge is carrying Tyler Durden’s (the Brad Pitt character in Fight Club) remarkable analysis of the Lehman Examiner Bankruptcy Report. Some of the highlights of his summary include: Lehman accountants falsified its ledgers in ways similar to Enronesque “Mark to Market” methodology. In addition to looking the other way with Madoff Securities, the SECContinue reading “The Lehman Postmortem: Zerohedge Breaks it Off”

CIA + LSD + France = Mal Jour

“So there were drugs in the food!” In 1951, a quiet, picturesque village in southern France was suddenly and mysteriously struck down with mass insanity and hallucinations. At least five people died, dozens were interned in asylums and hundreds afflicted. For decades it was assumed that the local bread had been unwittingly poisoned with aContinue reading “CIA + LSD + France = Mal Jour”

Dude, Where’s My 401(k)?

If you’re wondering where your retirement money went, we’ve found a few clues. Indeed, last year’s wealth wasteland has become a billionaire bonanza. Most of the richest people on the planet have seen their fortunes soar in the past year. And so, it appears, that this latest stampede/transfer of wealth is almost complete. via worlds-billionaires-2010:Continue reading “Dude, Where’s My 401(k)?”

Icelanders Decline Debt Slavery

This is bad news for Greece and Ireland. And it may monkey with currency markets. Voters in Iceland have overwhelmingly rejected proposals to pay the UK and the Netherlands in the wake of collapse of the Icesave bank. With a third of results counted, 93% of voters said “No” in a referendum. The British andContinue reading “Icelanders Decline Debt Slavery”