| User Info
| 60 Minutes: PROSECUTION Is Overdue in forum [Market-Ticker]
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Drench
Posts: 28631
Incept: 2009-11-10
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Maybe we should bail out CBS next.
That's a joke.
Sort of.
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Uppity_peasant
Posts: 3107
Incept: 2009-06-26
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At the risk of repeating myself: Quote:Obama: "They Did Nothing Illegal, Only Found Loopholes that We Worked to Close."
http://www.democraticunderground.com/dis....
Isn't it ironic that in Police State America, where EVERYTHING is illegal, SOMEHOW the Banksters managed to asset-strip the peasants legally?
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If it's true that "assault weapons" are "weapons of war" and don't belong on the streets of America, why do the police need them? Who are the police at war with?
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Peteb
Posts: 128
Incept: 2010-11-16
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Finally, the lame stream media gets a clue...
The question now is will the government prosecute?
My money is that they won't. It's too big. And that will cause even greater problems.
The American way has become "Either stop all the graft, or let me in on it."
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Tesla
Posts: 15541
Incept: 2008-04-03
State of Disbelief
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Interesting that CBS is running this story now...someone in the liberal media wants Obama to lose ?
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"Even a dog knows the difference between being stumbled over and being kicked." -Justice Oliver Wendell Holmes
"Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." -Samuel Adams
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Mo
Posts: 12158
Incept: 2007-06-26
Pa.
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I hope the NYC FSA sticks hot pokers up the MSM 'journalists'' asses when TSHTF.
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Welcome to Pottersville
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Infidel
Posts: 5463
Incept: 2007-08-27
between here and there
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the government is not making any attempt to cover up any of this, they have been dropping steamers right on Eric Holders steps in front of the media for several years. Cover-up? More like a collective "so what" by the Fourth Estate.
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"DON'T BELIEVE THEM, DON'T FEAR THEM, DON'T ASK ANYTHING OF THEM." -ALEXANDER SOLZHENITSYN.
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Montysano
Posts: 134
Incept: 2009-02-23
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The dude from the Justice Dept. just blew some serious smoke up our collective ass.
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"You get up on your little twenty-one inch screen and howl about America and democracy. There is no America. There is no democracy. There is only IBM and ITT and AT&T and DuPont, Dow, Union Carbide, and Exxon. Those are the nations of the world today." -- Arthur Jensen, "Network"
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Captbill
Posts: 842
Incept: 2008-07-22
Arizona's West Shore
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Quote:Interesting that CBS is running this story now...someone in the liberal media wants Obama to lose ? I think this is a very real possibility...
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Incredible. There's Smith and he's standing there and he's got the iceberg warning in his ****ing hand, excuse me, his hand, and he's ordering more speed. Lewis Bodine, RMS Titanic
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Wis/min
Posts: 5362
Incept: 2009-08-14
On the border
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Quote:The dude from the Justice Dept. just blew some serious smoke up our collective ass. and thereby giving the White House just what it needs-Plausible Deniability |
Ct1977
Posts: 231
Incept: 2009-08-13
East Hartford, CT
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Just saw the show. When asked about why no prosecutions or if the JD was approached by the administration to bury it.....the guy basically lies to our faces and tells us to "stay tuned".
Yeah, don't hold your breath folks. Anyone with eyeballs, ears and a brain knows that after a decade of mortgage fraud these folks are not being pursued.
The reason there is no outrage is because over half the country is still brain dead asleep at the wheel while the raping and looting continues unabated. MF Global customers can attest to that.
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Goforbroke
Posts: 5340
Incept: 2007-11-30
Just call me 'Comrade'
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4+somechange minutes on "60 Minutes Overtime" (which how many people watch?) ... they're testing the waters. So, when TSHTF, they can say, "I told you so." **** them.
I've given up tackling this from a national level. It WILL HTF, so I've been spending my time nurturing community relationships at a local level.
Corzine was the acid test. The fact that he is not in jail nor being sought is a bellweather as to what's going on.
Just my 2 cents.
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We have met the enemy and it is us. -- Pogo
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Johnny
Posts: 1586
Incept: 2008-10-01
Kentucky
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Once the statute of limitations expires there will be all kinds of investigations!!!
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Britishsteel
Posts: 3583
Incept: 2007-12-07
New york
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I think corzine is next one thrown to the wolves. Useful idiot ala madoff, all to appease the peasants.
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One Ring to rule them all,One Ring to find them, One Ring to bring them all,and in the darkness bind them.  |
Bertdilbert
Posts: 2658
Incept: 2008-12-22
CA
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Not if Corzine was buying positions off of GS to bail them out, leaving MF as the bagholder.
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Jackl
Posts: 2235
Incept: 2008-01-17
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How close are we to statue of limitations?
And when exactly are we going to prosecute these crimes?
Theres your answer.
Edit:Johhny beat me to it.
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Argos
Posts: 6315
Incept: 2008-03-23
The Green Mountain State
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Good on Steve Kroft and "60 Minutes" for this report. This was a bigger effort than anything I've put together.
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Brianw
Posts: 15
Incept: 2009-09-10
Indiana
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As long as there is no "intent" to commit fraud.....
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Crzymorse
Posts: 1189
Incept: 2010-06-25
Maryland
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The dickwad that runs the justice dept. stated CEO and CFOs certify the financial statements and that internal controls are adequate under oath. However, if the CEO doesn't know about the fraud or that the inner controls are not adequate he can't be held liable under Sarbox. I take it the CEOs of all these financial firms knew nothing about the internal operations of their company (just keep dancing while the music is playing).
Two conclusions - if you know nothing about the internal operation of the company and are the CEO you are grossly overpaid. Secondly, if you know nothing about how to run a company and represent yourself as knowledgable to investors your a complete fraud.
I understand Corzine didn't do anything illegal; the banks must have loopholed the regs so much that stealing is now ok, that's pretty scary.
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Genesis
Posts: 130717
Incept: 2007-06-26
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Incidentally, that's false. Sarbox's entire PURPOSE was to make CEO's liable for knowing the operational integrity, becasue this was the common excuse prior to that law.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Randy123
Posts: 5776
Incept: 2008-09-24
Earth
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Futes up! Go to sleep. The guvment doesn't care about laws anymore.
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China is the Enemy. Wake Up.
New Normal. Same As The Old Awful.
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Crzymorse
Posts: 1189
Incept: 2010-06-25
Maryland
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That's what that dickwad stated through his forked tongue
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Orionstarman
Posts: 222
Incept: 2009-08-04
Kingsville MD
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Unless or until the rest of the legacy media, in this country, picks this story up and runs with it nothing more will happen. Even though they are mostly worthless at getting to the bottom of this story most Americans still get their news from them. So, until these kinds of stories make the front pages of the major papers on a daily basis or the nightly news on a daily basis the American people will just go back to sleep.
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"They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." Ben Franklin
http://www.enotes.com/history/discuss/what-does-this-quote-mean-they-that-can-give--84001
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Jata1
Posts: 5059
Incept: 2009-03-08
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Hate to say it but a lot of people out there just don't give a ****. I've had this discussion with several people who flat out told me that putting Angelo Mozilo in jail don't help them a ****ing bit. Too stupid to be citizens. Cannot connect the dots
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Mannfm11
Posts: 3539
Incept: 2009-02-28
DFW, Tx
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Karl, I spent a good part of my working career in the mortgage business and I worked for a guy who worked for FNMA in the 1970's when it was a real company. He explained to me procedure of how they worked. They caught fraud like your mother would catch you stealing cookies, meaning there was always a culprit and they knew who it was and did something about it. A lot of people looked the other way.
Also, my primary gripe about Bernanke is his continued effort to keep this stuff covered up. He has moved way beyond liquidity to cover up with constant addition of bank money into the system. As long as these guys can cash their checks to other entities, their crimes remain hidden. This is why they are begging for the same in Europe, the ECB must print or the fraud and how the mess arose will get out.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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