This is disgusting and I couldn’t agree more with this comment:

Let me add a few words to Yves’ last post because I don’t think she was explicit enough about what’s going on here. This was looting and a cover-up plain and simple.

At NakedCapitalism.com.

This is yet another reason why the public should be raising holy hell to get oversight over our financial system much, much stronger. I fear the blow up in Fall ’08 could look like a Disney After School Special compared to what could be coming in 2010-2011-who knows when.