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

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July 01, 2010 – Comments (2)

A MUST SEE VIDEO:

"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

http://finance.yahoo.com/tech-ticker/a-gigantic-ponzi-scheme-lies-and-fraud-howard-davidowitz-on-wall-street-514236.html?tickers=XLF,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 (88.86) wrote:

http://www.businessinsider.com/howard-davidowitz-heres-how-to-fix-wall-street-let-bad-banks-go-broke-2010-7

 

Howard Davidowitz: Here's How To Fix Wall Street: "LET BAD BANKS GO BROKE"
Read more: http://www.businessinsider.com/howard-davidowitz-heres-how-to-fix-wall-street-let-bad-banks-go-broke-2010-7#ixzz0sTsGvYpX

 

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#2) On July 01, 2010 at 10:43 PM, Tastylunch (29.39) wrote:

yeah I saw this one

Love me some davidowitz.

Insightful and entertaining!

rare combo

 

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