Gerald Celente: JP Morgan and Citi acted like mobs bosses in torpedoing Lehman.

Note: the bankruptcy examiner’s report shows Lehman cooking its books to look less levered than it was, but the Federal Reserve Bank of New York (FRBNY) (Mr. Geithner, that would be you) abetted it. So did the SEC, and JP Morgan and Citi acted like cannibals (or street gangs…or mob bosses), as they tried to wipe out their rival.

Well, we said so at the time, in a post called“Statistics Don’t Back Panic Mongers” (October 2008).

And even before that.

Except for the fact that the Wall Street gang uses money, ratings, and other “adult” world paraphernalia, they’re not much more than hooligans who didn’t get toilet-trained right.

Let’s see:

Finger-pointing: He did, teacher, I didn’t (Politicians to voters, voters to politicians)

Avoiding responsibility: But you told us we could (Wall Street to Main Street, home-owners to lenders, managers to accountants, lawyers)

Succumbing to peer pressure: Everyone does it ( Book-cooking managers, lazy reporters, colluding speculators)

Blaming the victim: He deserved it (Corporate raiders, naked short-sellers, media shills)