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“Psychopaths Caused the Financial Crisis … And They Will Do It Again and Again Unless They Are Removed From Power”

January 4, 2012 by pathwhisperer

Ha!!  The truth spreads like a virus!  This post will be “borrowed” from http://www.washingtonsblog.com/.  And you thought I was the only one.  ‘That PW, such an unhealthy fascination with psychopaths.’  ‘Sad really, just sad.’ ‘Indubitably, indubitably.’  I hear your whisperings, I see you looking askance at me when you think I’m not looking.  And you even call me paranoid — gasp!!  . . . But, enough about me . . . read on:

All the following quotes (and the post title) are from http://www.washingtonsblog.com/2012/01/psychopaths-caused-the-financial-crisis-and-they-will-do-it-again-and-again-unless-they-are-removed-from-power.html#comment-27721 [green highlighting added].

Psychopaths Caused the Financial Crisis

The “corporate psychopaths” at the helm of our financial institutions are to blame [for the financial crisis].

Clive R. Boddy, most recently a professor at the Nottingham Business School at Nottingham Trent University, says psychopaths are the 1 percent of “people who, perhaps due to physical factors to do with abnormal brain connectivity and chemistry” lack a “conscience, have few emotions and display an inability to have any feelings, sympathy or empathy for other people.”

. . . . . .

How do people with such obvious personality flaws make it to the top of seemingly successful corporations? Boddy says psychopaths take advantage of the “relative chaotic nature of the modern corporation,” including “rapid change, constant renewal” and high turnover of “key personnel.” Such circumstances allow them to ascend through a combination of “charm” and “charisma,” which makes “their behaviour invisible” and “makes them appear normal and even to be ideal leaders

. . . . . .

Then, according to Boddy’s “Corporate Psychopaths Theory of the Global Financial Crisis,” these men were “able to influence the moral climate of the whole organization” to wield “considerable power.”

Psychopaths Have Different Brain Chemistry from the Rest of Us

In October, we observed:

I noted last year:

Vanderbilt researchers have found that the brains of psychopaths have a dopamine abnormality which creates a drive for rewards at any cost, and causes them to ignore risks.

As PhysOrg writes:

Abnormalities in how the nucleus accumbens, highlighted here, processes dopamine have been found in individuals with psychopathic traits and may be linked to violent, criminal behavior. Credit: Gregory R.Samanez-Larkin and Joshua W. Buckholtz

The brains of psychopaths appear to be wired to keep seeking a reward at any cost, new research from Vanderbilt University finds. The research uncovers the role of the brain’s reward system in psychopathy and opens a new area of study for understanding what drives these individuals.

. . . . . .

Has anyone tested the heads of the too big to fails for this dopamine abnormality?

What are the odds that they have it? And if they have it, what are the odds that they will voluntarily start acting responsibly, especially given the broken incentive system?

Experts also tell us that many politicians also share traits with serial killers. Specifically, the Los Angeles Times noted in 2009:

Using his law enforcement experience and data drawn from the FBI’s behavioral analysis unit, Jim Kouri has collected a series of personality traits common to a couple of professions.

Kouri, who’s a vice president of the National Assn. of Chiefs of Police, has assembled traits such as superficial charm, an exaggerated sense of self-worth, glibness, lying, lack of remorse and manipulation of others.

These traits, Kouri points out in his analysis, are common to psychopathic serial killers.

. . . . . .

Unless We Remove the Psychopaths from Power, They Will Cause More and More Destruction

The inmates are still running the asylum.

Anyone who knows Jamie Dimon, Lloyd Blankfein or the other Wall Street “leaders” can tell you that they haven’t changed a bit since 2008. They are not repentent for their role in the financial crisis. They don’t feel bad that the taxpayers have had to bail them out again and again …

. . . . . .

I noted in October:

As former IMF chief economist Simon Johnson notes, the American finance industry has effectively captured our government in a “quiet coup”, a state of affairs that is at the center of many emerging-market crises, and that recovery will fail unless we break the financial oligarchy that is blocking essential reform.

***

The U.S. has become a kleptocracy, an oligarchy, a banana republic, a socialist or fascist state … which acts without the consent of the governed. There is a malignant symbiotic relationship between the governmental leaders and their cronies, which makes a handful rich at the public trough[.]

From having worked at UBS, PaineWebber, Union Bank of Switzerland (an earlier iteration), Lehman Brothers, Salomon Brothers, Drexel, EF Hutton, I couldn’t agree more.

Let me add that the claim that they brought about this economic collapse/disaster purposely is pure bs — a standard psychopathic canard.  They do this for three mutually supporting reasons:  1) they hate to lose, 2) if they can define a loss as a win it actually becomes a win — here’s their distorted cause and effect reality, their strange view of words, and much else, and 3) they wish to demoralize/undercut/confuse the opposition to prevent effective countermeasures.

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Pathwhisperer posts/comments on occupywallst.org

January 3, 2012 by pathwhisperer

From Forum Post: Know you enemy – Bank Criminal Gangsters are Narcissists , posted by OccupyLink:

I prefer the term psychopath. We are not all one human family, we are not all brothers and sisters under the skin. Psychopaths have a different brain structure, they are human alternates.

. . . . . .

Narcissists are ill, psychopaths are true to their nature. Fighting crime, corruption and evil without reference to (and a separate response for) psychopaths is like fighting with both hands tied behind one’s back.

It’s not accidental that we are at this turn in history. We’ve been blind to the predators in our midst too long.

From 2008, but nothing’s changed: https://pathwhisperer.wordpress.com/2008/10/11/welcome-to-our-sociopaths-gone-wild-economy/ ; https://pathwhisperer.wordpress.com/2008/09/24/commonalities-between-wall-street-speculators-andor-fed-bankers-and-sociopaths/ . Far from being reined in, Wall St. sociopaths are even more in control.

Obviously individuals are punished for crimes not for what they are. Most psychopaths (but not all) are persuadable, concerning following laws and societal norms, through educated self interest or utilitarianism. But it is disastrous to ignore their presence.

. . . . . .

Wow! Is this a joke or are you for real? Assuming the latter, thanks for writing in and illustrating bankster criminal psychopathy.

Since you are into sharing, could you have your brain scanned and share the results with us?

I could tell you that the lowest IQ of a Wall Street trader would still be 50% higher than the average IQ of a OWS protester

That’s delusional, but I’ll humor you. Would that license you to frontrun the market?

Wall St./the financial services sector is just that, a service sector. If you look at a national economy as one business, it’s not even a profit center. But it has become parasitic on the larger (real) economy. Understanding this is probably beyond your limited intellectual capabilities.

You looters are destroying the world economy. Thanks for the depression you’ve given the U.S. and the world.

Obviously I am not the only one aware of the danger of sociopaths in the financial industry. From Forum Post: Occupy Psychopaths 1 (OWS vs. the Pathology of the 1%), (mine)

“An Occupy Wall Street Activist [a Mr. PinkWhiteBlack]  explains why he thinks its very important to spread knowledge about psychopaths and psychopathy. Find out about the important connection between psychopaths and the ruling 1%:

“So basically the reason I come down here every so often is that I’m trying to spread information about psychopathy. I think it has an over-arching impact on why people are down here camping out, and why the financial industry and the government really doesn’t care about the people anymore. These people are about 1-5% of the population and they have no concept of empathy, remorse, guilt, conscience – they’re just not biologically capable of it. They’ve shown this in fMRI studies and there’s been a lot of actual hard science that proves the point that their totally different from normal humans.””

. . . . . .

pathwhisperer

It’s more subtle than that [in reply to the comment that psychopaths are insane]. Psychopaths are clever chameleons, hiding their true nature. Technically they are not insane but true to their own nature.

. . . . . .

Anachronism

I believe we are misdiagnosing the sociopathy/psychopathy of the “1%” as steeming from some innate biology rather than modern socioeconomic structures.

I think it is both. If corporations are allowed the freedom to be sociopathic, sociopaths will and do rise to the top — they don’t have the “problem” of a conscience and the “friction” it induces. Our current socioeconomic structures draw them forward.

I have no idea what percentage of the 1% is in fact sociopathic, but even a limited number can act as a “bad seed” in influencing corruption.

Fighting crime, corruption and evil without any reference to sociopathy is like fighting with both hands tied behind one’s back. It seems we never make inroads on sex trafficking, child prostitution, illicit organ transplant rings, etc. Sociopaths laugh at our laws.

. . . . . .

From Forum Post: Ponerology 101 Snakes in Suits, posted by whatishumanity:

pathwhisperer

Wow, great to see this post. Lobaczewski’s (and others, it was a saga) “Political Ponerology: A Science on The Nature of Evil adjusted for Political Purposes” is one of the great books of history. It is a scientific study of the development of pathocracies (governments under the control of evil individuals and movements).

Selections and commentary on “Political Ponerology”: http://www.cassiopaea.org/cass/political_ponerology_lobaczewski.htm,http://www.sott.net/articles/show/159686-In-Memoriam-Andrzej-M-obaczewski

Purchase the book: http://www.ponerology.com/

Hi whatishumanity, I notice the comments are all your own. The topic of psychopaths in control of power seems to be too big for most people to wrap their heads around. I’ve seen this many, many times.

. . . . . .

Blaming the victim is their specialty. They still want to blame unqualified buyers for the worldwide economic crash, these buyers weren’t even to blame for the mortgage meltdown. Mortgage backed securities were the cause, they supposedly freed the brokers from risk. The brokers then went out vacuuming up any buyers.

The crash has been caused by untramelled greed and the creation and fraudulent selling of “risk free” financial “products”, out of control derivatives, bubble economics, etc. — they actually thought they had beaten the business cycle and had created a risk free capitalism by securitizing everything and thus diluting the risk.

Nothing structural has changed since 2008. The banks are even more too big to fail, derivatives are even more out of control. We still have a casino economy designed by sociopaths who think they can’t lose.

In terms of people not realizing what they’re up against, everybody seems to think that sociopaths only fool the other guy, not them.

. . . . . .

From Forum Post: All activists should work at recognizing sociopaths (nowadays called anti-social personality disorder) (mine):

“[L]et me list some traits to keep in mind. Look for (in no particular order) any or all of the following: a Zelig like ability to be all things to all people, an incredible ability to inveigle themselves into the good graces of authority figures, individuals for whom the phrase two-sided is a vast underestimation, a delight in causing discord through subtle puppet mastery, a vast and deep irresponsibility, an “eggshell” type personality which is always threatening to respond in childish anger if thwarted, and as always both a deep arrogance with no discernible cause and an extreme talent at eliciting pity. Some of these insights may come in “a blinding flash” — you should pay attention to them. Of course some of these traits are not unique to sociopaths, however in sociopaths they have a “unique flavor” which I think will become evident after recognizing the first few sociopaths.” https://pathwhisperer.wordpress.com/2009/02/18/items-of-interest-some-recent-some-not-so-some-that-suggest-possible-sociopathy-some-that-scream-it/

If interested, further material of mine on the forum can be found through searching “site:http://occupywallst.org pathwhisperer”

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Sociopathy and the NYPD

December 22, 2011 by pathwhisperer

1.  Flaking:  Planting narcotics on law abiding citizens to improve arrest record.

NYPD “Cowboy Culture”: Narcotics Detective Guilty Of Planting Drugs

The Brooklyn South narcotics detective accused of planting drugs on a woman and her boyfriend was convicted yesterday. Jason Arbeeny, a 14-year NYPD veteran, was guilty of eight counts of falsifying records and official misconduct for planting drugs on innocent suspects in order to reach quotas. And the judge in the case scolded the narcotics department for their “cowboy culture” and widespread corruption: “Having been a judge for 20 years, I thought I was not naïve regarding the reality of narcotics enforcement. But even the Court was shocked, not only by the seeming pervasive scope of the misconduct, but even more distressingly by the seeming casualness by which such conduct is employed,” said Supreme Court Justice Gustin Reichbach before handing out his verdict.  http://gothamist.com/2011/11/02/nypd_narcotics_detective_found_guil.php

More info here:  http://joebrunoonthemob.wordpress.com/tag/jason-arbeeny/

I am not saying that all the officers involved are sociopathic, but I am arguing that the presence of a sociopathic ‘bad seed’ greatly influences such crimes.  The presence of sociopathic police officers plays a huge role in further corrupting those inclined to be corrupt.  To sociopathic police officers and/or prosecutors guilt and innocence are of no concern, their only concern would be their own interest.

2.  NYPD entrapment of Occupy Wall Street on the Brooklyn Bridge.

NYC White Shirt Police Commanders Entrap Occupy Wall Street; Arrest 500, or is it 700

I have now heard from several people who were in the protest and they all say they were led onto the Brooklyn Bridge roadway by the police. The protesters were walking on the pedestrian passageway that crosses the bridge. They were led onto the roadway by the police. About a third of the way across the bridge the police trapped them with plastic orange netting. Those arrested were held in plastic cuffs for hours, then brought to various jails and released in the early morning hours. This video shows the police quite clearly leading the Occupiers onto the roadway.  http://october2011.org/blogs/kevin-zeese/nyc-white-shirt-police-commanders-entrap-occupy-wall-street-arrest-500-join-occupy

Personally I’m convinced that it was entrapment.  I am not going to entertain the counter argument.  Readers can make up their mind.  For more info:

Occupy Wall Street – the story of the Brooklyn Bridge ‘trap’

Police accused of luring Occupy Wall Street protesters into trap before arresting 700 on Brooklyn Bridge

Police Arrest More Than 700 Protesters on Brooklyn Bridge

Rule of Law vs. the Forces of Order

Whenever you hear, in your mind’s ear, that ‘chortle, chortle’ response, suspect sociopathy.  The brain trust for the NYPD that came up with the Brooklyn Bridge arrest plan (leading them onto the bridge, kettling them and then arresting them) should be fired or at a minimum the members evaluated for sociopathy.

Sociopaths live in a very simple world:  power, powerlessness; high up on the foodchain, low on the foodchain.  It would make sense to a sociopath that this arrest technique would smash the will of the protesters, it would have smashed their will.  For sociopaths there is no ‘butt they won’t kiss’, they would always make the live-on-their-knees rather than the dying-on-their feet choice — they have no pride, shame or honor (due to their state of childish arrested development).  They cannot understand those who say ‘this mountain I will not climb,’ ‘this line I will not cross.’  Apparently the elite expected/expects the American middle class to crawl away and die.  This will not happen.

3.  NYPD officers fixing records (cases?).

The recent scandal of parking ticket fixing (which must have gotten out of hand to be brought into court) makes me wonder how high this goes.  Do the white shirts get away with outright criminal schemes?  It seems sometimes that the NYPD white shirts are criminal princes of the city.  I have heard of relatives of white shirts getting DUI arrests dropped (some even that involved fatalities).

A court case I visited (and a post I never made, I didn’t become interested in time) concerned the accused Darryl Littlejohn in the Imette St. Guilen murder.  From what I heard in court, it seems quite possible that he was either guilty and framed to put away a really bad guy, or innocent and framed to protect relatives of NYPD brass.  No DNA evidence showed up (by admission of the lab) until a NYPD relative volunteered to come in on his own time (and unsupervised, as I recall) to prepare the samples to be tested.  These samples were then tested by supervisor ‘K’, who had sat in, much earlier, on meetings with the prosecutor and NYPD brass (including the relative of another ‘person of interest’, the bar owner) regarding the importance of proving Mr. Littlejohn’s guilt (improper behavior for a neutral lab, to put it mildly).  Prior tests of prior samples by other members of the lab had found nothing.  She found nothing odd in then finding multiple positive DNA matches.

I was very suspicious of sociopathy involvement in the case.  The witnesses, the jurors, the prosecutor and the judge should always be screened for sociopathy in all cases.

More info:  http://topics.nytimes.com/topics/reference/timestopics/people/s/imette_st_guillen/index.html; http://en.wikipedia.org/wiki/Murder_of_Imette_St._Guillen

4.  The incidences of innocent victims being shot multiple times.

http://gothamist.com/2008/03/25/31shot_cop_i_di.php

The problem isn’t simply the primary shooter, but the sociopathic officer’s ability to instill a gang mentality (instantaneously) and draw others into his action.

5.  On a personal level, the worst case of possible sociopathy in the NYPD I personally heard of, concerned officers and a couple I knew in Queens.  She had become romantically involved with an officer called in to handle a domestic complaint against her husband.  The claim (which I came to believe) was, that over time, the cops beat him up, stole his car, entered his premises at will, harassed him, etc.  Among many problems is that the only location to make a complaint against an officer or seek police investigative help is the officer(s)’ own precinct — a non-starter.   A DA wouldn’t want to hear the case without indisputable evidence, but how could the husband get that evidence without police powers?  If he resorted to private investigators he risked opening himself up to stalking charges.  There needs to be an outside office charged with the responsibility to investigate complaints against NYPD members, it can not be (and is not) self-policing.  In my experience, sociopathic police officers think they have landed in clover, to put it mildly.

Earlier post:   Stripping & stripsearching women for a living, NYPD Det. Charles Derosalia 
https://pathwhisperer.wordpress.com/2010/10/04/that-flavor-of-sociopathy-%E2%80%94-current-stories-in-the%C2%A0news/ (in the bottom third of the post).

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So, sociopaths, what do you want? Widespread knowledge of true human diversity or to kill us all? / Psychopathic Science

December 15, 2011 by pathwhisperer

So do you want to come in from the cold with your own ‘we’re here and we’re queer’ type declaration, maybe ‘we’re here and we’re non-empathic sociopathic’?  Or do you want to loose a fatal flu bug?

As background for this post, please see “It [sociopathy] is human biodiversity like homosexuality”.  A commenter both declared him/herself a dissocial and also said “we’d do fine without you [empathic normals].”  His/her desires seem split.

Robert Hare, PhD, was invited to cover sociopathy on several TV shows.  However he turned it down, saying it would have been a circus.  His own comments are no longer online, however Robert Herzc (on Hare’s site) had this to say:

He’s been asked to be a guest on Oprah (twice), 60 Minutes, and Larry King Live. Oprah wanted him alongside a psychopath and his victim. “I said, ‘This is a circus,’ ” Hare says. “I couldn’t do that.” 60 Minutes also wanted to “make it sexy” by throwing real live psychopaths into the mix.

http://www.hare.org/links/saturday.html

It’s a pity that he didn’t take them up on this.  It would seem that the producers sought to feature the seeming normalness of the psychopaths.  (I should note that Herzc’s entire article is well worth reading.)

Meanwhile over in Holland.

A virus with the potential to kill up to half the world’s population has been made in a lab. Now academics and bioterrorism experts are arguing over whether to publish the recipe, and whether the research should have been done in the first place.

­The virus is an H5N1 bird flu strain which was genetically altered to become much more contagious. It was created by Ron Fouchier of the Erasmus Medical Centre in Rotterdam, the Netherlands, who first presented his work to the public at an influenza conference in Malta in September.  http://rt.com/news/bird-flu-killer-strain-119/

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“Criminal Minds — Will testing the brain, even before birth, separate the good seeds from the bad?”

November 29, 2011 by pathwhisperer

More Adrian Raine.

. . . a series of studies using magnetic resonance imaging, which reveals structures and shapes, showed that criminals and people who scored high on tests of antisocial disorders had a smaller than normal orbitofrontal region and amygdala. And the corpus callosum, the communications bridge between the brain’s two hemispheres, was abnormally large.

. . . [Adrian Raine] needed to go back even further and look for a defect that begins before birth and can still be detected in adults. Raine found it in a hole in the head. More precisely, a thin wall of brain tissue that separates a hole—all brains have these spaces—into two. The hole appears during the 12th week of a fetus’s development, and the wall—pushed forward by a normally developing amygdala and other brain areas—divides it by the 20th week. When the wall doesn’t form completely, a condition known by the jawbreaking name of cavum septum pellucidum, it’s usually a sign of abnormal development in the amygdala and other structures. Years later, in adults, the failed wall can be spotted in a brain scan.

In a 2010 paper, Raine and his colleagues compared people with and without the feature on several fronts. The groups were tested for antisocial personality disorder, psychopathy, and aggression. Their records were searched for criminal arrests and convictions. In every single one of those areas, there were a lot more men and women with the wall defect. Here, finally, was evidence tracing criminality back to the womb, before any head-banging could occur.

“I think there’s no longer any question, scientifically, that there’s an association between the brain and criminal behavior. We’re beyond the point of debating that,” says Raine. “Every study can be criticized on methodology. But when you look at the whole, at all the different designs, it’s just hard to deny there is something going on with biology.”

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“It [sociopathy] is human biodiversity like homosexuality”

November 29, 2011 by pathwhisperer

Exactly.  The above quote is from commenter faintsmile1992.

Some people are born with Devonian polydactyly or a tapeta lucida, others are born with empathy deficits and it does not make us monsters,it is human biodiversity like homosexuality.  https://pathwhisperer.wordpress.com/2010/01/25/the-psychopathic-personality-and-human-evolution-and-why-cant-women-recognize-psychopaths/#comment-65086

She also wrote,

And of course we (I am diagnosed Dissocial) do not want to ‘go the way of Downs Syndrome babies’. Would you like to see people with empathy go extinct? Most vertebrates lack empathy, we’d do just fine without you.https://pathwhisperer.wordpress.com/2011/02/23/pws-1st-subterranean-sociopathy-problem-of-vast-social-impact-sociopaths-as-a-pillar-of-the-anti-abortion-movement/#comment-65082

I believe every reader of this currently knows individuals who are sociopathic.  Most would have one or two in their extended families (out to the first cousin level).  This would support a percentage of a 5% sociopathic population (1 in 20, though much higher among stock traders).  People just don’t realize that this kind of human diversity exists.

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Search: Are victims of sociopaths ever happy again

November 4, 2011 by pathwhisperer

Sure.  It may take a while though.  It’s a recovering from PTSD process.  I don’t think there is any question that this searcher is in post traumatic shock.  There is a lot to deal with:  disappointment, betrayal, shock that such people exist.  The fairy tale world of “everyone is a brother and sister underneath the skin” is gone forever.  In addition there is often self disappointment and self betrayal.

The last two particularly if the victim betrayed individual(s) that he/she loved, in getting wrapped up in the con.   Such victims are left bewildered by their own choices in the absence of the active con — they simply don’t know why they did what they did.  They can spend years in a state of confusion and mourning — not able to understand their actions and emotionally keeping the flame alive of the relationship they destroyed, never emotionally letting go of the old flame.

Someone recovering from sociopathic victimization may be greatly helped by finding a talk therapist.  However the therapist needs to understand the situation (and believe in sociopaths, therapists actually have less experience with sociopaths than the rest of us).  This searcher does not need to discuss mom and dad and his/her childhood.

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Should I worry about this?

October 26, 2011 by pathwhisperer

I’ve been getting inundated by spam lately, sometimes 3 to 4 thousand a day.  Most are simply advertisements but every once in a while there will be something like advice on how to get rid of blood stains.  Is this something I should study up on?  Have my heirs study up on?  I used to get explicit death threats occasionally.  At least this validates my writings.

The spam is in the format of the message below from a Tim G____.  It seems it’s all from one spam service.

You should check this out…

[…] that is the end of this article. Here you’ll find some sites that we think you’ll appreciate, just click the links over[…]

A couple weeks ago I was able to disrupt a serious mugging attempt.  I was driving in Manhattan when I heard a woman start screaming.  A quarter of a block away I saw a woman and a man wheeling around a contested purse.  Knowing that these types of crimes take place in seconds, I felt I had to communicate with the attacker immediately.  I floored the car and started honking wildly.  I was attempting to distract him from his predatory intent (as well as draw others’ attention).  My message to him was one of onrushing imminent violence.  As I smashed on the brakes, he dropped his hold on the purse and took off against the direction of traffic.  It turned out that he had already cut her in the neck (in fact that was how he silently commenced his mugging attack).  If I or someone else had not intervened right at that point, no doubt she would have been slashed up more (any slash could hit an artery with serious results of course), not to mention losing her purse.   She said that she thought it was the honking that stopped the attack, he must have looked at me, then at her, then at me, etc. and then took off.  I’m happy I was able to think fast enough to be of aid.

The amount of spam I’ve been getting also means I am unable to check for valid comments that are incorrectly considered to be spam.  If your comment does not appear please resubmit it, make sure that it references the post and use a name that is namelike (such as john smith, though anonymous seems too work also).

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“‘Rude, unprofessional, dishonest and cruel’: Bachmann’s New Hampshire team ‘treated as second class citizens’ before they quit”

October 26, 2011 by pathwhisperer

Michele Bachmann’s New Hampshire campaign team say they were ignored and treated as second-class citizens [by Bachmann’s national staff] before they quit in frustration last week.

Just what you would expect from a group of sociopaths, with no (or few) normals present.  In their world there is only the dominance food chain.  Civility is to fool fools — there is no need for this con (as they see it) among themselves.  Dishonesty is the water they swim in.  There’s only arrogance and putdowns.  Arrogance and rudeness when the spotlight is off is one of the great clues to closeted sociopathy.

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“Con Artist Hall of Infamy Interview with Sam Antar”

October 3, 2011 by pathwhisperer

Sam Antar says it all.  Whom he calls criminals, I call sociopaths.

[Sam Antar] was one of the criminal masterminds behind New York’s famous Crazy Eddie scam. He was a CPA, and he was the CFO of Crazy Eddie, and he readily admits to securities fraud, skimming, money laundering through a technique he calls the “Panama Pump”, and a variety of other crimes. He’s a convicted felon.

http://www.wallstreetoasis.com/blog/sam-antar-of-crazy-eddie-spills

The above blog also had a comment worth noting:

Wall Street leaders now understand that they made a mistake, one born of their innocent and trusting nature. They trusted ordinary Americans to behave more responsibly than they themselves ever would, and these ordinary Americans betrayed their trust.

Bwah, ha, ha, ha, ha.   Bwah, ha, ha.  Or am I slow, is he being ironic?

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