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.