This is why everyone thinks Wall Street is peopled entirely by thieves (and assholes)

[digitaldiscipline]

http://www.propublica.org/article/all-the-magnetar-trade-how-one-hedge-fund-helped-keep-the-housing-bubble

http://www.propublica.org/article/banks-self-dealing-super-charged-financial-crisis

One Merrill executive summed up the overall arrangement: "I'm going to make you rich. You just have to be my bitch."