The 2010 Wall Street Lufthansa Heist

January 2, 2011
By

Remember the movie Goodfellas that was based on mobster turned informant Henry Hill’s life?

Back in 1978 a group of crooks pulled off one of the biggest cash robberies in history at JFK Airport. The money was supposedly untraceable.

Maybe the crooks would have gotten away with it if everyone was smart enough to cover their tracks and lay low for a while, but one by one they started buying cars, furs, and luxury items.

They couldn’t help themselves, just like the crooked banksters won’t be able to help themselves when they get billions of dollars in bonuses for blowing up the financial system this month.

Going back to the 1978 heist, Stacks, who was supposed to trash the get away van, got stoned the night of the robbery and forgot about the truck. Game over as the dominoes fell one by one.

Needless to say, everyone started to get whacked until Henry Hill eventually spilled the beans to the Feds. Total take was around $6 million dollars.

Why am I mentioning this?

The parallels of the 1978 Lufthansa Heist to the Great 2010 Lufthansa Heist are stunning with the exception that this crime will never be prosecuted and about a trillion dollars more in free cash was involved.

Meet the new Paulie Cicero.

“Wall Street bankers, publicly modest, eye fancy toys”

“Even if they are worried about bonuses, their egos are involved here,” said one dealership manager, who said requests have been filing in for $225,000 crimson red Ferrari’s and $170,000 Audi R8 convertibles.”

“Swiss-made Hublot watches, which cost 6,500 euros ($8,500) on average, are still regarded as success symbols and remain popular in London’s City and on Wall Street. Chief Executive Jean-Claude Biver of Hublot, part of LVMH, told Reuters that December would be a record month.”

“They still want their toys,” Luxury Institute CEO Milton Pedraza said of bankers.

“Many on Wall Street are wary of flaunting their spending plans because of lingering public resentment over soaring compensation to bank executives even as the U.S. government paid to bail out financial institutions in crisis.”

“Bill Morell, the general manager of Foreign Cars Italia, a Ferrari, Aston Martin and Maserati dealer in Charlotte, North Carolina, home of Bank of America, said he’s been getting more inquiries from bank employees to purchase in February when their bonus checks come in.”

“Halstead Property’s executive director of sales, Richard Grossman, said Wall Street executives this year started making inquiries about Manhattan apartments earlier. Many high end places going for between $3 million and $7 million are in contract lately.”

“Some of these guys are in their 20′s and 30′s and getting very big bonuses,” Grossman said.

And the Mercedes-Benz dealership in Manhattan expects 2010 to be its best year ever. “They never really left,” said general manager Blair Creed of his Wall Street clients.

So there you have it. The most obscene above the law heist in the history of the world going on a trillion dollars and counting.

And you want to know what the Wall Street bankers and pig men think about it?

“Hey you dumb Americans. Quit whining. Now go home and get your shine box.”

Shortly the new Jimmy Conway, Sonny Bunz, Morrie, Tuddy Cicero, Frankie Carbone, Frenchy, Johnny Roastbeef, Tony Stacks, Nicky Eyes, Spider, Jimmy Two Times, and Billy Batts are going to be spending your money without remorse.

Sure the pig men may have hit the mattresses for a while but the cash is in their banks waiting to be spent on Hamptons properties, yachts, stoopid watches, furs, escorts, penthouse apartments and solid gold garbage cans.

Maybe Goldman Sucks will make a movie about the 2010 Lufthansa Heist and call it God Fellas.

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6 Responses to The 2010 Wall Street Lufthansa Heist

  1. Market my words on January 2, 2011 at 11:50 pm

    These people should be looking into buying the best possible security detail possible. Additionally, they should make sure their cars are bulletproofed.

    • The Arbitrage Fund on January 3, 2011 at 10:22 pm

      Why so much vitriol?
      Don’t be jealous or begrudge the brilliant successes on Wall Street. There will always be trades made that will net absolutely massive amounts of money for the participants, in relatively short periods of time.

      This will be a win-win for people if they would just catch on and play along. The gains ahead will truly be incredible.

      Do not hate the players just because you either hate the game, or don’t know how to play it properly. Believe it or not, great times are ahead and prosperity awaits those who take it.

      It is so much better to believe.
      Matthew Osowiecki

  2. Ag's Nightmare on January 3, 2011 at 10:39 pm

    Jealous of the brilliant success of Wall Street? Wall Street blew up the global financial system twice and will do it again. And they continually get bailed out for failing. Thats success?

    So it’s much better to believe in what? Crime? Serial bubbles? Crashes that are inevitable after bubbles? Rigging of the markets?

    You win the first pair of floppy clown shoes for 2011. Congratulations.

    • The Arbitrage Fund on January 4, 2011 at 12:14 am

      Can’t quite follow what you mean by blew up twice, but whatever you say since this is your blogosphere. I do not much care for clowns, so I would not be interested in their shoes.

      The way we on Wall Street see it, things are back on track and moving in the right direction. It is a process of boom and bust. Generally more boom, less bust.

      Indeed we had a fairly large bust and it hurt some unfortunate people, but the boom upon us will be even bigger in it’s scope, scale and duration. Over time, this will help all those hurt by the bust we are recovering from, and then some.

      To expect another bust anytime soon {2-3 years} is foolish and ill-advised. Favorable global demographics are in place until at least 2015, likely beyond. Use any corrections {2-4% decline} to add to positions, and never think of selling until retirement is upon you.

      I fail to grasp why people fight the inevitable market forces while expressing such disdain for the fantastic wealth creating machine we have available to us. Surely it’s not perfect and has hiccups from time to time, but it always rights itself for us to move ahead and advance the world.

      It is so much better to believe.
      Matthew Osowiecki

      • prahlad on January 4, 2011 at 6:27 am

        Can i have some of the drugs you are taking? We’ll see what happens by 2-3 years wont we.
        The market forces work, the bailouts and scams are the problems, no one said the market was the problem.

      • Ag's Nightmare on January 17, 2011 at 12:27 am

        2000…2007…

        coming 2011…2012…

        are you foulking kidding me? This market will hit the wailing wall in March.

        When the whole technology market depends on one stock…Apple….we are foulked.

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