I CAN HAZ FRAUD?

O HAI,

I GUES TEH HOOJ NEWS 2DAI IZ TEH SECURITIEZ AN EXCHANGE COMMISHUN (SEC) IZ SUIN GOLDMAN SACHS 4 FRAUD.
YOO CAN READ ABOUT IT HERE: http://bit.ly/9b5Xru

IM NOT HUNDRD PERSENT SURE WUT TEH ISSUE IZ, BUT IM PRITEE SURE DAT ALL OV WALL STREET HAS BEEN BASD ON FRAUD.

IF I BUILD HOUZ BADLY JUS 2 SELL IT QUICKLY AN TAEK TEH MUNNY AN RUN. DEN TEH HOUZ FALLS APART IN 1 YEER, THAZ CALLD CRIMINAL FRAUD

IF I SELL COLLATERALIZD DEBT OBLIGASHUN (CDO) 2 MAK HOOJ BONUS, AN DOAN CARE WUT HAPPENS 2 TEH CDO IN FEW YEERS, DAT IZ CALLD INVESTMENT BANKIN.

DIS AR TEH Y AMERICANZ DOAN MAK ANYTHIN NOMORE. IZ EASIR 2 MAK MONEY IN BANKIN.

DIS IZ Y IZ GOING IN2 INVESTMENT BANKING. IZ EASIER TO DOMINATE TEH WORLD. AN WILL HELPZ ME MAKES MUNNY 2 BUY THUMZ. I GUES I HAZ TO GET MBA.

K THX BAI,
MANNIE

DEEP THOUGHTS ON VAT

O HAI,

I WUZ TOLE 2DAI DAT IT WIL TAKE 25 YEARZ 2 PAI OFF OUR DEBT.
I DONT THINK IZ GOIN 2 B AROUN 4 DAT.
SO I ASK MAI DADDIE ABOUT A VAT.
HE SED SUM FAT MAN TOLD HIM:

"LIBERALS FINKZ IZ REGRESIV
AN CONSERVATIVEZ FINKZ IT BE MUNNY MACHINE.
IF DEY REVERZ DERE POSISHUNS, TEH V.A.T. CUD HAPPEN"

WEN I ASKD WHO SAYD DAT, HE MUTTERZ SUMTHING ABOUT TEH
TREASURY DEPARTMENT BEING A BRANCH OF GOLDMAN SACKZ.

K THX BAI,
MANNIE

GREEK PONZEE SKEME

Hi,

I was listening to the radio and they tried to explain what is happening in Greece.
I'm confused, but will try to explain what they said.

Greece spent more money then they had.
This is called Deficit Spending.
But the Maastricht Treaty says that the European Union (EU) countries has a 3% deficit ceiling.
Large investment banks helped Greece hide this deficit via Currency Swaps and Forward Rate Agreements.
Greece has a deficit of 13% in 2009.
Now everyone is pretending nothing is wrong.

To pay of the current debt, Greece will issue more debt (Bonds) at high interest rate (Yield).
Greek banks will buy these bonds using their capital reserves; buying with money that the Greek government already has.
Then Greek banks will sell the bonds to the European Central Bank (ECB) via Repurchase Agreements (Repos).
Then the Greek banks will use the money to buy more Greek bonds.
That sounds like a Ponzi Scheme.

Now, the ECB will sell Greek bonds to Germany via Repo/
And use that money to buy more Greek bonds,
or the bonds of Portugual, Spain or Italy.
Germany will issue its own bonds at a low yield and pocket the difference between their bond yield and Greek Bond Yield.

Seems like everyone makes money, and no one loses money.
But where does the money come from?
Can someone please explain?

I think this could help may plans for world domination, once I get thumbs.

Thanks,
Manny

O HAI

I WUZ LISTENIN 2 TEH RAYDEEOH AN THEY TRID 2 ESPLANE WUT IZ HAPPENIN IN GREECE.
IZ CONFUSD, BUT WILL TRY 2 EXPLAIN WUT DEY SED.

GREECE SPENZ MOAR MUNNY DEN DEY HAZ.
DIS AR TEH CALLD DEFICIT SPENDIN.
BUT TEH MAASTRICHT TREATY SEZ DAT EUROPEAN UNION (EU) COUNTRIEZ HAS 3% DEFICIT CEILIN.
HOOJ INVESTMENT BANKZ HELPD GREECE HIDE DIS VIA CURRENCY SWAPS AN FWD RATE AGREEMENTS.
GREECE HAZ DEFICIT OV 13% IN 2009.
NAO EVRYONE IZ PRETENDIN NOTHIN IZ WRONG.

2 PAI OFF CURRENT DEBT, GREECE WILL ISSUE MOAR DEBT (BONDZ) AT HIGH INTEREST RATE (YIELD).
GREEK BANKZ WILL BUY THEES BONDZ USIN THEIR CAPITAL RESERVEZ,
BUYIN WIF MONEY DAT GREEK GUBMENT ALREADY HAS.
DEN GREEK BANKZ WILL SELL BONDZ 2 EUROPEAN SENTRAL BANK (ECB) VIA REPURCHASE AGREEMENT (REPO),
DEN USE TEH MONEY 2 BUY MOAR GREEK BONDZ.
DAT SOUNDZ LIEK PONZI SKEME.

NAO, ECB WILL SELL GREEK BONDZ 2 GERMANY VIA REPO.
AN USE DAT MONEY 2 BUY MOAR GREEK BONDZ.
OR BONDZ OV PORTUGAL, SPAIN OR ITALY.
GERMANY WILL ISSUE OWN BONDZ AT LOW YIELD AN POCKET DIFFERENCE TWEEN THEIR BOND YIELD AN GREEK BOND YIELD.

SEEMS LIEK EVRYONE MAKEZ MONEY, AN NO WAN LOOSEZ MONEY.
BUT WER DOEZ TEH MONEY COME FRUM?
CAN SOMEONE PLZ EXPLAIN?

I FINKZ DIS CUD HALP MAI PLANZ 4 WURLD DOMINASHUN, ONCE I GIT THUMBZ.

K THX BAI,
MANNIE