Lloyd Blankfein, who is famous for saying he was “doing God’s work” in running Goldman Sachs, decided to take it further and announced today he is leaving Goldman to run a series of loan tranches for the Vatican Bank.
Also today, Charles Prince, who has admitted he didn’t know what was going on when he ran Citicorp, finally had subprime tranches explained to him. He has decided to give away all the money he walked away with from Citicorp toward the establishment of the “Too Big to Fail” chair at Middle Tennessee University.
In other news, both Bank of America and J. P. Morgan Chase have cut mortgage payments in half for anyone who can “fog up a mirror.”
Barney Frank has come out for shutting down Fannie Mae and Freddie Mac, saying “every boondoggle has to come to an end sometime.”
Richard Fuld of Lehman Brothers again announced it wasn’t his fault the bank fell like a haystack in the wind and the government caused it.
Unfortunately Fuld ruined a great dream. I awoke to a world filled with crooks who still haven't been prosecuted for destroying our financial system.