If Liz were Queen

Nomi Prins posted a piece in Alternet today titled “Wall Street’s 10 greatest lies for 2009.”

Go HERE to read the detail behind the list.

1) The economy has improved

2) If you give banks capital they will lend it out

3) Taxpayers are being repaid

4) Homeowners are being helped.

5) Big banks will help small businesses

6) The Fed values transparency

7) History will not repeat itself

8)  the pay czar will fight against–pay

9) The lobbyists made us do it.

10) Citigroup is the picture of health and too-big-to-fail is over

BONUS LIE:  GOLDMAN SACHS IS SORRY

On November 17, Lloyd C. Blankfein said he was sorry about his firm’s role in the financial crisis. “We participated in things that were clearly wrong and have reason to regret, we apologize.” He didn’t say he was sorry the firm is still floated on $43 billion of total subsidies including FDIC guarantees for debt it raised, that were logically supposed to aid consumer oriented banks, and the $12.9 billion it got through the AIG bailout.