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| This Is Why Corporate Fraud Continues in forum [Market-Ticker]
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Steelhead23
Posts: 2043
Incept: 2008-09-09
Portland OR
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Ah, the rule of law - thems with the gold, make the laws. This is fascism. Torts will extract a little blood from Barclays, drop by drop - but the US DOJ just gave Mr. Diamond a "Get out of jail free!" card. Still think the USA is the greatest country evah?
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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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Hapablap21
Posts: 786
Incept: 2007-08-21
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When the attorney general is himself a criminal that won't be prosecuted, I'm not sure why we expect different.
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Killben
Posts: 207
Incept: 2009-12-07
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Karl,
Can't agree more! If you rob a bank (or steal a jar of cookies from Walmart) .. do you go to prison or are you let off with a fine? it is as simple as that. But not for the crooks in banks, government, positions of power and authority. They just like to dance till the music stops. Hopefully it will stop soon for these b*******!
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Debtpie
Posts: 534
Incept: 2009-12-17
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"Imprisonment for the corporation"
Is Romney for this?...after-all, he's a "believer" when it comes to corporations being 'people'.
Or do we have one set of punishments for the corporate 'people' and another set for the rest of us?
What a great question to ask Romney...imagine him stumbling his way through that answer...he'd make Bush look like a great orator...too bad the press is dead.
~~~~~~~~~~~~~~
The Presidential debates are coming up...DREADFUL...I would love to see Romney and Obama sit down at a table and ask each other questions:
>Each side gets 10 questions and the other side gets them at least a week before the debate so they have plenty of time to prepare a real answer instead of knocking out a group of soundbites masquerading as an answer.
>no time limit..we stay on each question for as long as the candidates wish...plenty of time for each side to probe for the real answer.
I'm such a dreamer.
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A Leader, or an Opportunist? "A leader has the capacity of vision, the ability to see where things are headed before people in general see those things." Mitt Romney --- DebtPie's definition: a leader decides where "things" should head and "leads" us there.
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Jackjimbopits
Posts: 298
Incept: 2009-07-02
Phoenix, AZ
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If the two items are too extreme, how about labeling similar to the European cigarette requirements?
I envision required signage, including CEO pictures, or other senior management, w/ the total profit from each scam on all facilities.
After an initial media cycle, the public has no idea about these crimes and quickly forgets as management continues to operate in the same fashion under the anonymity of the corporate name.
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"Joe hasn't yet informed the president of his plans because he inadvertently ingested all of his black crayons" - Jackjimbopits
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Blurtman
Posts: 563
Incept: 2009-01-24
Banned
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McInerney's bio: http://www.law.yale.edu/documents/pdf/cb...."Previously Mr. McInerney was a partner in the Litigation Department of Davis Polk & Wardwell LLP, where he represented corporate and individual clients in grand jury and regulatory investigations, criminal and civil trials, internal investigations and general civil litigation." "Mr. McInerney has extensive trial experience......and as lead trial lawyer for the former Chairman and Chief Executive Officer of an investment bank who was tried on insider trading charges in the U.S. District Court for the Southern District of New York." Davis Polk & Wardwell LLP is a"white shoe" legal firm representing corporations accused of fraud. Another example of the revolving door between the gov and corporate world.
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I have a reading comprehension problem and the owner banned me for repeatedly displaying it after being warned.
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Lowbeyond
Posts: 16938
Incept: 2008-02-11
CO aka West NJ/East CA
Online
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romney and a republican congress will fix it !!!!!!!11
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Maybe it was a birdy bread-bomber from the future?!
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Ducarius
Posts: 125
Incept: 2010-08-25
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Jack, you may be on to something. If I had the money I would get some Corporate Fraud flash cards, ala baseball cards, printed up with fraud and earnings stats on the back and CEO pic on the front, then go around at political rallies and hand them out. Hell I would hand them out everywhere! There is a decided lack of "Know They Enemy" going on in the public square... there is so much information and so many people involved it can be overwhelming to sort it all out when you first start learning about this stuff.
And along that train of thought we need a market ticker secret decoder ring, or handshake or bumpersticker or something so that we can recognize when we are in the presence of like-minded individuals. Dems get their blue dot/red state stickers..we should get our own. What color represents sanity and logic?
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Swingtrader
Posts: 9108
Incept: 2007-08-12
United Oligarchic Goldman Sachs States of America
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Jail time or it didn't happen!
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Swing said "Well, it is collapsing as we watch.This is what it looks like." Australian federal judge Jayne Jagot, doing what US judges need to do!
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Jake3463
Posts: 771
Incept: 2010-03-06
Allentown
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The last time this was attempted on a major player I believe was with Arthur Andersen. The retired partners ate it but the partners around for the culture simply were absorbed into another Big 4 audit firm. I think a few of the people directly affiliated with Enron served some time. All in all outside of the retired partners and a few few people nothing really happened.
As I was discussing with a coworker today, the banks figured out 30 years ago how to ensure they would never be legally held responsible for anything. Become MAJOR political donors to both parties and you are virtually untouchable. With the CU decision and unlimited money flowing into campaign coffers expect the corporate behavior to become something out of a dystopian novel.
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Jake3463
Posts: 771
Incept: 2010-03-06
Allentown
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The other thing in this case is that the manipulation of rates was most likely done with the implicit support of the central banks and any indictments on the banks would bring the nasty into the open.
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Winstonsmith2009
Posts: 1060
Incept: 2009-08-05
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Crzymorse
Posts: 1195
Incept: 2010-06-25
Maryland
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I would like to see the cancelled check or proof of deposit. Lets see the traders break the law and the shareholders and taxayers pay for the fine. Seems to me you fire and prosecute those that break the law and shareholders find a better management team.
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Ignorantsavage
Posts: 702
Incept: 2007-11-27
united States
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So, where's Appendix A?
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Andysvw
Posts: 1767
Incept: 2010-06-26
Tujunga Ca
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I think if there was one thing I wanted every person to get. This might be it.
The people we pay to make sure this does not happen. Are The ones doing it.
Now that we have found the actual problem. We can kick around a wise solution.
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Oddone
Posts: 85
Incept: 2008-07-14
About 10 miles from Genesis
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I've said from the beginning that the current status quo of institutionalized fraud will not be so much as slowed in the slightest by any political action. It's gonna take a full-on market collapse, planetwide, to effect the changes that must be made and every banker will see to it that every politicritter will fight to the last breath to keep the fraud machine going.
It WILL all collapse. It's a mathematical certainty. The people committing the crimes all know this, and are now rather blatantly operating in "get what I can while I can" mode.
There WILL be warfare somewhere when that happens, with all the horrors that go with it. It's also a mathematical certainty. Hopefully it'll be the citizenry versus the criminals in the various governments, but the weasels involved are very good at diverting attention from themselves so it's more likely to be a class/race-warfare thing that breaks out. No matter the cause, though, if you think full sociopolitical collapse with the subsequent anarchy, war, etc. is still avoidable at this point you're ignoring thousands of years of history.
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Christiangustafson
Posts: 4140
Incept: 2007-06-27
Helping Hand Acceptance Corporation
Banned
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.gov is in on the fraud, just taking their cut of the profits.
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It is therefore, on opinion only that government is founded... -- Hume
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Etz
Posts: 13893
Incept: 2007-06-26
LA
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$160M "penalty".
Cheap *****s.
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Legal chicanery and beneficent darkness are the banker's stoutest allies - F.Pecora.
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Andysvw
Posts: 1767
Incept: 2010-06-26
Tujunga Ca
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They would like all of us to give up hope. To think we have no other choice.
But I say no we do have a choice in this. We do have options. They may not be what you want to here.
The truth is like that get over it.
If you have given up? GET BACK UP, IT MATTERS.
Reason: felt like it
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Spanky
Posts: 29
Incept: 2011-03-22
United States
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Could it be that they are going after bigger fish, hence the plea bargain? Or am I a hopeless optimist?
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Jake3463
Posts: 771
Incept: 2010-03-06
Allentown
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@Spanky hopeless optimist. Who is a bigger fish than Barclays? I'm afraid that .gov and .fed were perfectly aware this was transpiring and probably as long as the conspiracy was to keep rates low over the past 3 years were happy to keep the conspiracy going. Afterall, how many subprime mortgages are tied to that rate?
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Bertdilbert
Posts: 2666
Incept: 2008-12-22
CA
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Congress would be stupid to jail their best customers or have them pay fines that would cut into their take of the money.
Take the money and look the other way. This is the American political system and nobody is about to change a good thing!
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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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Andysvw
Posts: 1767
Incept: 2010-06-26
Tujunga Ca
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Check out Michel Frantini/Spearhead a couple of good tunes.
Ill be waiting.
Hey world,
Say hey.
on you toob Sorry i suck at this.
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Crossthread
Posts: 4568
Incept: 2007-09-04
Wilmington, NC
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Realted? My Sincer Applogies if not.. UK agency opens investigation of "LIBOR matter"
Britain's Serious Fraud Office said Friday that it has formally opened an investigation into the alleged manipulation of a key market interest rate by banks. Barclays (BARC) was fined $435 million last week by U.S. and British agencies for making false reports of its borrowing costs between 2005 and 2009, specifically of the London interbank offered rate, or LIBOR, which influences the costs of a range of financial instruments including home mortgages. Regulators are known to be looking into similar allegations against other banks in Britain and elsewhere, but Barclays is the only bank so far to have been publicly found to have been shamed. The Serious Fraud Office's announcement did not mention Barclays by name but referred to IBOR matter."On Thursday, after a noisy debate at the House of Commons, legislators voted 330 to 226 in favor of establishing a Parliamentary committee to carry out the probe intended to learn lessons from the scandal. Full Story @ Link..---> http://www.cbsnews.com/8301-505123_162-5....
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“Cognitive Co-Dependency” is when a normal rational person, internalizes irrational illogical presentations, and somehow reconciles them to fit their scripted indoctrination of logical analysis.Quote:Samuel L. Clemens:There is NO Native Criminal Class; EXCEPT for CONgress
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