Well hold off those fire sales for the computers and servers, as the FBI will more than likely want some forensic investigations done.

imageAll of the creative financing and banking was accomplished with software.  Years ago the stock market did not have the  sophisticated tools we have today, but that was yesterday and this is now.  Did Wall Street invest, oh yes they did invest in technology, heavily, they realized the power of software, or perhaps should I say over-realized the power of software.

It takes some pretty diverse and feature rich software to calculate and create some of the very sophisticated portfolios out there today and there’s much that can be gained and there is much that can be hidden.  It is almost like we had one large virus floating around Wall Street and now to fix the problems and bail us out, do we have the “white” hats or are they all “black” hats, problem is we don’t know. 

Everyone is at odds, so why not call in some Non-Wall Street financial experts, who are versed in economics to lend a helping hand, it certainly cannot hurt to have an impartial 3rd party come in and perhaps offer their suggestions, we just need one big escrow holder here.  Problem is you need someone who is not using this for financial gain to solve the problems, so who can imageyou get?  Maybe get some help from Microsoft who has enough money and donates the rest.

The FBI certainly has some very long and in depth data trails to trace and hopefully there enough audit trails to accomplish this.  This is an entirely different scene than was has occurred in the past on Wall Street, this is the battle of software and technology created financing mixed in with a bit of greed that turned sour and put everyone is on the hook while those in control were asleep at the wheel, too busy to get in touch with a bit technology and as one Senator put it, “living in the 50s”.  In any business there’s nothing a like a little “hands on”.  BD 


WASHINGTON —  The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration.

Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae and Freddie Mac, and insurer American International Group Inc. Additionally, a senior law enforcement official said Lehman Brothers Holdings Inc. also is under investigation.

The inquiries will focus on the financial institutions and the individuals that ran them.



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