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"A Gigantic Ponzi Scheme, Lies and Fraud": Howard Davidowitz on Wall Street



July 01, 2010 – Comments (2)


"It was a massive fraud... a gigantic Ponzi Scheme, a lie and a fraud," Davidowitz says of Wall Street circa 2007. "The whole thing was a fraud and it gets back to the accountants valuing the assets incorrectly."

Posted Jul 01, 2010 08:0,AIG,GS,JPM,BAC,C,FNM

A classic HD from Fed 09

2 Comments – Post Your Own

#1) On July 01, 2010 at 8:37 PM, abitare (89.74) wrote:


Howard Davidowitz: Here's How To Fix Wall Street: "LET BAD BANKS GO BROKE"
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#2) On July 01, 2010 at 10:43 PM, Tastylunch (29.29) wrote:

yeah I saw this one

Love me some davidowitz.

Insightful and entertaining!

rare combo


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