Shadowtraders

Full story here from ZeroHedge. Do I hear a toilet flushing in the distance?
More market rumors of forced liquidations, this this coming from your favorite bailed out bank. If we get more we will post it.

Full story here from Janet Tavakoli via ZeroHedge. The Black in question is William K. Black, of previous S&L crisis fame.
William K. Black, a regulator during the dark days of the Savings & Loan Crisis, gave the most sensible testimony about the financial crisis heard in Washington so far.* Fraud thrives and spreads in a [...]

Full story here from Janet Tavakoli. Magnetar was also very, um, generous to Rahm Emmanuel to the tune of $1 million.
ProPublica, Planet Money, and radio show This American Life recently carried stories about Magnetar, a hedge fund that profited from the housing crisis. Unfortunately, many thought it was a fresh revelation. Magnetar wasn’t a previously [...]

Full story here from Mish.
“At long last we have our first major indictment. You will be pleased to read Ex-BofA chief Lewis charged with fraud.
New York Attorney General Andrew Cuomo said Thursday it was bringing civil charges against senior Bank of America executives, including former company CEO Ken Lewis, for their role in the company’s [...]

Another potential blow to the Dark Side courtesy of ZeroHedge.
“It appears America’s taxpayers are finally about to find out just what worthless securities they received in exchange for 100 cents on the dollar, courtesy of Goldman, Soc Gen, ML et al. when Bernanke and Gaithner, or whoever, decided to pay the banks in full for [...]

Full story here.
“Hello, FBI? You know you caught some skank politician in Yonkers bagging $160K? Um, can you make time for a guy who’s conspired to steal $13 billion from the taxpayers?”
“Yes, this sounds serious.”
“Yeah, his name is Timmy G. and the stolen money’s at 85 Broad St in NYC.”
 -click!-
“Uh, hello, FBI dude?”
“Starting in November 2008, [...]