This is the guy the movie was based on. You can tell that he still really gets off on knowing he scammed so much money before he got caught.
After doing some prison time he was offered a job as a consultant to the FBI.
Oh no! That means that he might have been the guy that taught the US government how to make fake money.
Ha ha ha… Sorry just joking. The government has been doing that for years passing off those treasury bonds as if they had value.
Only precious metals is real money….
Shall we move to Norway? he he he…
As if two burst bubbles in the prior decade are not enough, the money maestros have decided to fuel another speculative orgy.
Let there be no doubt, both the technology and real estate bubbles were spawned by cheap credit and it is now clear that the central banks have learned nothing from those two episodes. Despite the fact that near-zero interest-rates caused the previous mishaps, the central banks are (once again) pursuing a suicidal monetary policy. By keeping interest-rates well below the rate of inflation, the officials are encouraging speculation, thereby sowing the seeds of yet another asset bubble.
At present, the yield curve is steep in most nations and the cost of borrowing is low, so is it any surprise that asset markets are rallying? All over the world, asset prices are inflating again and dangerous excesses are around the corner. Only this time around, the public sector in the West is already over-leveraged and when the next asset bubble bursts, governments will not be able to come to the rescue.
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The World’s Greatest Business Mind Announced After an exhaustive search spanning thousands of nominees from five continents, the International Collective Council of Excellence has announced this year’s World’s Greatest Business Mind to universal acclaim and fanfare. The decision was unanimous despite the fact the world-class shortlist comprised such well-known names as Steve Jobs, Warren Buffett, Bruce Wayne, George Soros, and that kid who invented facebook. http://www.ForexTradingBank.com
Hayek had the sign and the destination right, but was wrong about the mechanism. Unregulated finance, the ideology of unfettered free markets, and state capture by corporate interests are what ended up undermining democracy both in North America and in Europe. All industrialised countries are at risk, but it’s the eurozone – with its vulnerable structures – that points most clearly to our potentially unpleasant collective futures.
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The Best MT4 Bridge/Mam Solution for Brokers and Banks
Sebastien Galy, a currency strategist at BNP Paribas SA in New York, talks with Bloomberg’s Susan Li about his forecast for the euro. The euro weakened for a second day to the lowest level in four years as Germanys ban on some speculative sales to halt a slump in asset prices triggered concern Europes sovereign-debt crisis will worsen. (Source: Bloomberg)
The Best MT4 Bridge/Mam Solution for Brokers and Banks
In exchange, the Financial Services Authority (FSA) will not take disciplinary action against Johnny Cameron, the former head of investment banking, who has made no admission of guilt.
RBS had to be rescued by the government at the height of the crisis and after a year-long investigation the FSA said Cameron, a key lieutenant to disgraced RBS boss Fred Goodwin, had agreed not to take on any major or full-time job in financial services.
