sinners

  • 02 May 2011 at 4:13 PM

Nothing Chaps Berkshire Hathaway Vice-Chairman Charlie Munger’s Hide Like Investment Bankers Out To Make A Profit

By Bess Levin

Charles Munger, whose Berkshire Hathaway Inc. (BRK/A) holds $5 billion of options on Goldman Sachs stock, said the role of investment bankers in helping to mask Greece’s financial troubles was “perfectly disgusting.” “Wall Street to some extent is deliberately trying to profit from sin, and I think it’s a mistake,” Munger told reporters yesterday after Berkshire’s annual press conference in Omaha, Nebraska. “Why should an investment banker go to Greece to teach them how to pretend their finances are different from what they really are? Why isn’t that a perfectly disgusting bit of human behavior?” [Bloomberg]

  • 31 Mar 2010 at 2:45 PM

Dubai Fund-of-Funds Now Open To New Investors– Sinners, Short-Seller Sympathizers Not Welcome

By Bess Levin

If you haven’t already invested your $1,000 with Bernett Diversified Global Fund and are looking to get in the game, take two to consider Dubai Shariah Asset Management‘s Kauthar Commodity Fund, which is opening its doors for the first time since launching last year. Here are the relevant deets: Continue reading »

  • 09 Nov 2009 at 5:07 PM

Does Congress Hate God?

By Bess Levin

By the transitive property, yes:

The prospect of Goldman Sachs benefiting from Fannie Mae’s tax credits was politically unpalatable, said Paul Miller, a bank analyst with FBR Capital Markets in Arlington, Virginia
“Every politician on Capitol Hill right now hates Goldman,” Miller said in an interview Nov. 6. “Politically, this would look really bad.”

  • 07 Jul 2009 at 5:09 PM

Catholic Church Thinks You’re All A Bunch Of Sinners

By Bess Levin

Picture 1666.pngSo, we weren’t going to delve into this one, given the touchy subject matter, but in honor Michael Jackson’s funeral, we’re giving ourselves a free pass. In his latest letter to investors, the Pope notes that though there is something of a gray area when it comes to the fucking of children, he and his team draw the line at mismanagement of capital. Benedict went on to suggest that there is a circle of hell waiting for those who commit sins in the financial arena. You people will be there, burning, while he and his friends enjoy the view from up in heaven, as they tap that underage ass.

[The Pope] criticized the current economic system, “where the pernicious effects of sin are evident,” and urged financiers in particular to “rediscover the genuinely ethical foundation of their activity.”

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