Thursday, April 2, 2009

Greed Boys Threaten to Leave

American branded global shadow bankers packaged investment junk and sold it as Triple A rated. Investment banks ran to commercial bank status, leaving hedge funds and private equity in the unregulated sector.

As elected leaders circle the wagon of oversight, the greed and leverage boys offer their best defense.

“We don’t have to be in London,” Crispin Odey of Odey Asset Management told The Sunday Telegraph.

Crispin could follow The Carlyle Group to tax havens like The Caymans or the Channel Islands. It's a good thing Carlyle's David Rubenstein and Arthur Levitt head up financial system restructuring efforts. Foxes guard the financial hen house.