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Idiots All

HalibutornThrockmorton3rd Wrote: Nov 22, 2012 2:32 PM
Libs_Are_UsefulIdiots Wrote: 1 minute ago (2:23 PM) Pretty easy, Madoff broke the law. So far no charges have been brought against Corzine. Can you site any statutes he violated? And Corzine didn't? Corzine did the SAME THING Madoff did... and STILL no charges brought against Corzine. I guess you missed the part where I asked you to provide a statute that Corzine, or any of the others I mentioned violated. Ya see, in order to be criminally prosecuted, you have to show a grand jury or a judge a law that the prosecution has enough EVIDENCE that you violated to charge you. Citigroup was actually charged CRIMINALLY, went to trial, and won. The jury WANTED to convict, but they couldn't apply the statute to the 'crime' and they were ACQUITTED.
Libs_Are_UsefulIdiots Wrote: Nov 22, 2012 2:36 PM
And I guess YOU missed the point that so far the libs in power have walked right by any attempt to show a grand jury or a judge anything.

Kind of like that OTHER POS, Eric Holder, who decided NOT to prosecute the NBP for blatant voter intimidation.


HalibutornThrockmorton3rd Wrote: Nov 22, 2012 2:33 PM
Jury Acquits Citigroup Executive, But Urges SEC To Go After Bigger Fish
A New York jury recently acquitted a former mid-level Citigroup executive of fraud, but also took the unusual step of adding a note to its verdict encouraging the Securities and Exchange Commission to carry out more investigations of Wall Street banks. The judge read the jury note from the bench, along with verdict.
On trial was Brian Stoker, a former mid-level executive at the bank. The SEC had charged him with misleading investors who bought a Citigroup CDO, or collateralized debt obligation. CDOs are financial instruments where banks bundle together a whole bunch of mortgages. The problem is that some of the mortgages are high-risk, some are low-risk, but they are al
HalibutornThrockmorton3rd Wrote: Nov 22, 2012 2:34 PM
packaged together and sold to investors.

CDOs were one of the root causes of the mortgage crisis that turned Wall Street upside-down and sank the U.S. economy.
True Conservative! Wrote: Nov 22, 2012 7:06 PM
Throck ... it wasn't the CDOs that sunk the economy ... I am quite confident that Citi LOST money on those ventures as most of the large banks did. Why? The management was too stupid to see the obvious that you can't make $750,000 "loans" with no down payment yet, to migrant workers [who subsequently were not able to make even the first payment]! I guess they believed the bullshitte about collateralizing a number of bad loans made them somehow safe and solid "investments".

The ROOT cause was the leftist from Carter on pushing these insanely dangerous loans to anybody that showed up regardless of ability to repay! Barney Frank and Chris Dodd were the primary protectors of this insanity ... both DEMOCRATS in case you've forgotten.

True Conservative! Wrote: Nov 22, 2012 7:09 PM
Now, why are'nt you even slightly upset about the subsequent 10 million plus human beings out of work as a result of yet another failed leftist program? I still don't understand why you leftist fools aren't hunted down in the streets! And what's with the republicans giving all this carnage a pass? What kind of damage to the economy will it take before you spineless republicans go after the perpetrators? [I fear we're going to find out ... soon!]

We’ve already established that no one will go to jail over $40 billion turfing of the brokerage firm MF Global, one of history’s largest bankruptcies.

MF Global died by the hand of the former Jon Corzine, the former golden boy at Goldman Sachs, the former Senator, the former Governor, the former Obama guru with a master’s degree from the University of Chicago; the sage with the Sixties beard wrapped in a custom-made Burberry suit and tie.