Sunday, December 21, 2008

Follow the money.........

50 billion stolen all by himself.

And they laugh at UFO stories.
The Catherine Austin Fitts Blog

I have started and managed several small businesses. It is hard to run one set of books for a small business. There are other people involved — not just the head of the company. There are bookkeepers, lawyers, accountants, regulators, tax preparers and auditors. The books have to be straight because so many people with so many different interests get in them. Brokerage accounts add another layer of complexity. Add money management and that is even more complexity.

And we are to believe that one guy could run a brokerage and money management firm with two sets of books and siphon off $50 billion? And no one knew?

This is the financial cover story equivalent of the yarn that a few devout Muslims hijacked two planes that hit skyscrapers that then magically collapsed leaving their passports and a copy of the Koran sitting on the sidewalk.

So…who has the $50 billion?

No comments: