Idiot bankers and us sucker taxpayers

I was on the Amtrak heading down to Washington D.C. last night when I opened up the Financial Times weekend edition. They had a front page story of retiring Andrew Lahde of the hedge fund Lahde Capital. He was one of the few money managers to have correctly predicted the sub prime crisis. One of his funds made a return of 870 per cent last year. In his farewell letter to his investors he talks about the elite “aristocracy” and the "idiot bankers" who were on the other side of his bets. You know the same ones we middle class taxpayers will be bailing out to the tune of a trillion dollars thanks to the lame brains in like my Congressman Tim Bishop and others. Here are some of the money quotes:

"Saying he was “in this game for the money”, Mr Lahde went on to mock those who traded with him.
“The low-hanging fruit, ie idiots whose parents paid for prep school, Yale and then the Harvard MBA, was there for the taking.”
“These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government.
“All of this behaviour supporting the aristocracy only ended up making it easier for me to find people stupid enough to take the other side of my trades. God bless America.”

Thank you Mr Laude for confirming what I suspected all along.

Bank of America profits down! Hola suckers!

"NEW YORK, April 21 -- Bank of America, which has a sprawling business in personal and commercial loans, reported a 77 percent decline in profit Monday, the latest indication of how financial troubles that started with sub prime mortgages have spread across the credit markets-Washington Post

I guess the great financial geniuses at The Bank of America who came up with the plan to give credit cards and sub prime mortgage loans to illegal immigrants may not have had such a great business idea after all. Perhaps BOA should change their name to Bank of Idiots. What's next? Forget turning to CNBC and the Wall Street Journal to find out. If you would have been listening to Bob you would have seen this train wreck coming a long time ago.

Stupidos at the Zoo

CNN reports that the three youths who were attacked by the Siberian Tiger at the San Francisco Zoo may have been taunting the tiger.
"Sources close to the investigation told the San Francisco Chronicle that police are probing whether one of the Siberian tiger's three victims climbed over a fence Christmas Day and then dangled a leg or other body part over the moat. Police said Carlos Sousa, 17, of San Jose was killed just outside the tiger's enclosure. The two others, who were injured, were about 300 yards away by a cafe. "

If that's the case my sympathies lie with the Tiger on this one. But, of course that won't stop the families from filing a lawsuit. Good thing I won't be on that jury because I would never give a reward for stupidity. I'm also sick and tired of parents who try to place blame every else:


"The killed teen's father, Carlos Sousa, told CNN on Thursday that the zoo should do more to protect visitors. "

To which I say: How about you raise your children not to be so stupid as to taunt tigers in zoos!