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| Oh Look, Handcuffs For Stanford! in forum [Market-Ticker]
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Ghopper
Posts: 2317
Incept: 2011-06-11
Staten Island, NY
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Someone had to be thrown to the Volcano god.
It certainly wasn't going to be Jamie the way he was being revered by the Senate.
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Throxxofvron
Posts: 10325
Incept: 2009-02-17
Hyper-Speculative Psycho-Facsistic Parabolic Blow-Off
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Quote:Now how about the millions of Americans who had their economic lives destroyed by the various bankster games around the nation with the housing bubble and other scams?
Remember this chart?
...
That is a Ponzi Scheme. It is one as certainly as what Stanford did. It is predicated on exponential expansion, effectively using new suckers to pay off the old ones, and is guaranteed to eventually fail just as was Stanford's.
Perhaps someone can explain how issuing unbacked credit in ever-increasing amounts, which is exactly what happened, is factually different in form and function from what Stanford was convicted of doing. R. Allen Stanford was NOT a Chartered Member of one of the myriad Government Ponzi Cartels with Cronies and Lackeys placed in strategic positions within the Regulatory Bureaucracies, in the Legislature, in the Courts or in the Executive. See: "Regulatory Capture", "No Bid Contracts", "Pork Barrel Politics", "Too Big To Fail", "Friends of Angelo", "Super-Pac Contributor", "GSE", "Executive Privilege", "Campaign Contribution Bundler", "Revolving Door", "Immunity From Prosecution", etc. for details on properly position-ed/ing Co-Conspirators for unfettered access to the loopholes, exceptions, kick-backs, and other forms of Systemic Fraud via COLLUSION with Government Bureaucrats.
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DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell
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Bagbalm
Posts: 4261
Incept: 2009-03-19
Just North of Detroit
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The others are Too Big to Jail.
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Vitchilo
Posts: 4619
Incept: 2011-04-27
Online
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So I guess Corzine will get around 50-100 years in prison? And Bernanke a few thousands years? In other news... Quote:Egan Jones Cuts France To BBB+, Outlook Negative Quote:S&P: "Spanish Home Prices To Drop Another 25%" Bullish...
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"Every normal man must be tempted at times to spit upon his hands, hoist the black flag, and begin slitting throats." -- H.L. Mencken
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Markgoldman
Posts: 1241
Incept: 2009-01-13
Canuckistan
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Heartwarming.
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Consent Withdrawn.
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Themortgagedude
Posts: 8853
Incept: 2007-12-17
saint louis
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Bernanke didn't actually steal any one particular person's money. His defense would be that he did the best he could. Corzine on the other hand violated the sacred trust of taking care of customers money and segregating the funds. He truly needs to be indicted now. I think I could prosecute the ****er and get a conviction. And I got a C in B-Law in college. His crime is so cut and dry that I can not believe he has been prosecuted.
One thing I don't know is what is Stanford's political affiliation? And how big of contributor is he? I would guess he didn't grease the right palms and thus he was expendable.
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I'm already visualizing you with duct tape over your mouth.
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Bertdilbert
Posts: 2662
Incept: 2008-12-22
CA
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When the government is an active participant in your scam you are good to go.
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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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Redwolf
Posts: 745
Incept: 2010-05-23
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He's not a member of the american elite. This was nothing more than removing the competition for the really big fish. Let me know when you have an actual American elite in jail and then the the winds will be achanging.
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Floridasandy
Posts: 634
Incept: 2009-08-20
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Obama, Others Decline to Return Ponzi Scheme Cash (from the slatest)
Donor R. Allen Stanford, now facing trial for financial fraud, doled out nearly $2 million in campaign contributions.
The information comes from the court-appointed receiver who is currently trying to get back the money in order to return it to Stanford investors. According to him, the delinquent committees and the amounts they received from Stanford include:
-Democratic Senatorial Campaign Committee: $950,500.
-National Republican Congressional Committee: $238,500.
-Democratic Congressional Campaign Committee: $200,000.
-Republican National Committee: $128,500,
-National Republican Senatorial Committee: $83,345.
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Genesis
Posts: 130773
Incept: 2007-06-26
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Nice...
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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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Yazooflesh
Posts: 5003
Incept: 2007-08-02
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Stanford's worst mistake was obviously not knowing which Rep or Senator to bribe and how much.
He was a rogue...you can play the American Political Game or else.
Stanford could have avoided all of this if he had consulted with Angelo Mozillo a few years ago...
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Blueskies
Posts: 72
Incept: 2011-05-15
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hmmm, looks like he monetarily favored the dems
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Mannfm11
Posts: 3550
Incept: 2009-02-28
DFW, Tx
Online
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I think the banksters looted Stanford. Not that he was a saint. Remember, Citi, BAC and maybe even Goldman were as frozen. Bennie didn't come to his rescue. If you look under the hood, there are a lot of engine parts missing in these TBTF vehicles.
I know a guy who was a broker. I am a noted bear who has been calling for stuff to blow up since the late 1990's. Wish I knew then what I know now, but the outlook hasn't changed. This poor guy had a large slice of his family's money with Stanford. One of my mothers best friends grew up with his father in central Texas. Sir Alan wasn't much different than the pardoned Marc Rich.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Peterm99
Posts: 4991
Incept: 2009-03-21
SoCal
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Mannfm11 wrote..Sir Alan wasn't much different than the pardoned Marc Rich. Bull****. Denise Rich had made large donations to the U.S. Democratic Party and the Clinton Library during Clinton's time in office. That would, for all practical purposes, make him a highly valued "friend" of a sitting US president. Not so for Stanford. Clinton also noted that he had received clemency pleas from Israeli government officials, including then-Prime Minister Ehud Barak. That would make him a "friend" of a sitting Israeli president. Not so for Stanford. Rich, if one believes the charges, also illegally made oil deals with Iran during the Iran hostage crisis, which made him a traitor, IMO. Stanford apparently committed only financial types of crimes, but he was not a traitor in the sense that Rich was. I agree that Stanford apparently deserved he got, but, not being a friend of a US president and an Israeli president and not being a traitor made him quite a bit different from Rich. I hope there is a special place in hell reserved for Clinton for pardoning Rich.
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". . . the Constitution has died, the economy welters in irreversible decline, we have perpetual war, all power lies in the hands of the executive, the police are supreme, and a surveillance beyond Orwell’s imaginings falls into place." - Fred Reed
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Captainkidd
Posts: 594
Incept: 2010-05-25
Pasadena, Texas
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Quote:When the government is an active participant in your scam, and the right people are benefitting from it, you are good to go. FIFY!!!!! 
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A lawyer with a briefcase can steal more than a thousand men with guns. --Mario Puzo
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. -- Henry Ford
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Azusgm
Posts: 2419
Incept: 2010-12-02
East Texas
Online
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Stanford wasn't a primary dealer. He wasn't a necessary cog in the bond game, federal or state. That is the get out of jail free card.
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Steelhead23
Posts: 2043
Incept: 2008-09-09
Portland OR
Online
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A bar of soap? Oh hell no. Stanford needs to be very afraid of a toothbrush whittled into a shiv. You see, when Bubba figures out that Stanford is one of the Wall Street elite, he won't care that it wasn't Stanford's bank that threw his momma out on the street - he'll just know that Stanford was "one of them." Yep, ol' Stanford is likely to get the pedo treatment in the slam. Just ask Bernie.
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"Give me control of a nation's money and I care not who makes it's laws" —Mayer Amschel Bauer Rothschild Benjamin Bernanke
For-profit commercial banks are a menace and should be eradicated
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Verredesoleil
Posts: 66
Incept: 2009-12-06
San Francisco
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I will speculate that Stanford forgot to make the appropriate donations and contributions to the Critter Club. Finally got around to reading The Creature from Jekyll Island. Any of you peeps have follow up recommended follow-up reading. This "whole thing" is hiliarous. It reminds me of the talking pig in the Geico commericals. Wheeeeeee!
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Lenguado
Posts: 1272
Incept: 2010-01-12
Orlando, FL
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Quote:one of the largest Ponzi schemes in U.S. history. #3 right behind Social Security and Bernard Madoff (in order). Thought it was interesting that this was on WikiPedia ( http://en.wikipedia.org/wiki/Ponzi_schem.... "An economic bubble: A bubble is similar to a Ponzi scheme in that one participant gets paid by contributions from a subsequent participant (until inevitable collapse). A bubble involves ever-rising prices in an open market (for example stock, housing, or tulip bulbs) where prices rise because buyers bid more because prices are rising. Bubbles are often said to be based on the "greater fool" theory." Now, where have we heard that before?!?!??!
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I just realized... they aren't saying, "Keynesian Economics" they're saying "Kenyansian Economics". Grass Huts for everyone!  Welcome to history’s first Double Dip Depression |
Mac
Posts: 159
Incept: 2009-09-04
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Supposedly Denise Rich also provided some other "services" for ol' BJ Clinton in addition to the cash. Stanford will be learning to provide those same "services" in the pen to his fellow inmates.
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