Shyam
I observe that young Trivedi has reappeared on your Blog with another intellectualy-castrated comment in defence of the illusory (American) object of his unquestioning (Indian) devotion. What the poor little lad has completely failed to comprehend, is that (for several years), Mr. Angelo Mozilo steadfastly pretended moral and intellectual authority. During this time (right under the noses of SEC officials and American financial journalists) he successfully hid the ugly truth about his company's increasingly-catastrophic position from its wide-eyed 'investors,' who (just like Trivedi) even if some intellectually-rigorous person had spelled-out reality, generally didn't want to face it, because they wanted to believe that they were going to make lots of money. Indeed, far from being exposed as a dangerous shyster, Mozilo (like the Billionaire bosses of the 'Amway' mob) was generally lauded (by publications like Business Week), as one of America's most respected and wealthy businessmen.
Even now, when the truth is there for everyone to confront, most American financial journalists are not openly-condemning Mozilo as a greedy liar who has inflicted a multi-billion dollar burden on all US tax-payers.
These selectively blind observers (like SEC attorneys) have assisted in maintaining the American kleptocracy, because they have earned their livings from it. Consequently, American financial journalists are merely repeating the weasle words of SEC attorneys, who have self-evidently negotiated a sleazy deal with Mozilo's attorneys. In reality, despite what has been fed to the press, Mozilo has been allowed to hand over $67.5 millions of his ill-gotten gains to the US kleptocracy in order to dodge being held to account by the ultimate victims of his lies (i.e. the people of the USA) and without him even having to admit any wrongdoing. If this national scandal was uncovered in any other State, then mainstream American commentators would be throwing up their hands and screaming 'corruption!'
Trivedi is still happily splashing in what he believes to be a nice (if slightly-salted) warm bath. I don't suppose, Shyam, that he will ever realize that he is merely a brainless little lobster being gradually boiled-alive in a vast cooking pot; just one of millions who have already been served up to a party of typically-insatiable American gluttons.
David Brear (copyright 2010)
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