"@ifstone: Since there was no independent custodian for the securities he claimed to have bought, sold and held and since the audits were done by an accounting firm that didn't have the staff to do a complicated Form 1040, he might not have traded one share or option ever.
Probably not the case but it would be possible."
"This article was is only one in a very long string of very long articles which tries to makes sense of how the economy has collapsed and which people/institutions have some culpability for it."
"The deflationary collapse continues--this is going to be a great time to have a job or some type of secure income with retailers flogging formerly high (or at least higher) end merchandise at whatever price will move it out the door, car companies pleading with potential customers to take as much of a rebate as they want, interest rates shrinking to zero and plenty of good houses on the market.
But as the downward spiral intensifies, the false dawn of consumerism will be replaced by the daily grind of hand to hand combat over scraps of stale bread."
"Whatever this may say about Toyota, two basic facts remain:
Senator Shelby is an irredeemable doofus even though he will unfortunately turn out to be right in this case;
GM is toast."
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