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| Tanzillo Headed For The Pokey? in forum [Market-Ticker]
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Alanha
Posts: 2168
Incept: 2008-12-30
Banned
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If he'd been head of a regional federal bank, he could have gotten an exemption for that.
"Insider trading" is such arbitrary BS - any trader could be charged with it almost any time, which is probably just the way the SEC likes it in their capacity as the Scapegoat Enforcement Commission.
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I was Bezzle's sock puppet before Tickerguy nailed my ass.
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Icanhasbailout
Posts: 9939
Incept: 2009-03-10
Imaginationland
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We can only hope. But Tanzilla will probably skip the country with his ill-gotten gains if he perceives any serious threat to his wealth or freedom.
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Steelhead23
Posts: 2043
Incept: 2008-09-09
Portland OR
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Dg, I don't think bolting the country would fit Tony's flamboyant style. My guess is that his lawyers will have a hard time convincing him that he might go down - after all, he convinced many, many others that house prices never go down. The problem with flim-flam artists is they may believe their own hype. So, here's hoping Tony tries as hard as he can to clear his good name.
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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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Thinkb4urite
Posts: 14
Incept: 2009-04-30
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Wouldn't the friends of Tanzillo be concerned he might reveal more details about his business - he just may get protection from low friends in high places.
It's getting harder to believe that people like Mozillo will ever get their due (justice) as the drive-by media could elect to divert people's attention away from "hot topics." After all how many scandals can the average person follow ?
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Weaseldog
Posts: 282
Incept: 2008-12-11
Texas
Banned
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Quote:Thinkb4urite says, "Wouldn't the friends of Tanzillo be concerned he might reveal more details about his business - he just may get protection from low friends in high places." He can drag out his trial, stay out on appeals, and maybe even get a presidential pardon eventually. No point in skipping the country, someone can get you anywhere. If he does time, it will be a short stay, We need to be kicking the druggies out of prison and replace them with politicians if we're going to get real change.
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"You can know the name of a bird in all the languages of the world, but when you're finished, you'll know absolutely nothing whatever about the bird... So let's look at the bird and see what it's doing -- that's what counts." - Richard Feynman
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Stockmonger
Posts: 2205
Incept: 2007-06-28
Orange County
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Wake me up when they start going after the Wall Street tribe instead of fall guy Mozillo.
Are they filing civil suits against execs from Lehman? Bear? Goldman? Citi? No, those guys are protected.
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occasionally I do like to see the other viewpoints of people not in my camp of theory, but I generally find it to be a waste of time. - Bear
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Byzantineusa
Posts: 463
Incept: 2009-03-12
government lies
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Can they give him the chair and sell his hide? Talk about some awesome baseball gloves.
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When exchange is coerced rather than voluntary, it is inefficient and chaotic, it cripples production and it leads to cumulative and unforeseen difficulties.
-Inspired by Rothbard
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2dogs
Posts: 2941
Incept: 2009-03-25
Land of the Lost
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Quote:Wouldn't the friends of Tanzillo be concerned he might reveal more details about his business? You mean 'friends' like Fannie Mae, who KNEW that most of the loans they were buying from Countrywide were liar loans and they were okay with that? "Countrywide tends to follow the most flexible underwriting criteria permitted under GSE and FHA guidelines…When necessary – in cases where applicants have no established credit history, for example – Countrywide uses nontraditional credit, a practice now accepted by the GSEs."http://www.realclearmarkets.com/articles...."Some of the problems are surfacing in a mortgage program called "Fast and Easy," in which borrowers were asked to provide little or no documentation of their finances, according to these people and to former Countrywide employees. Both Countrywide and Fannie Mae, the government-sponsored company that bought many of the loans, classify the loans as "prime," meaning low-risk." (Those would be the infamous 'no doc' liar loans.) "...A Fannie spokesman agreed that the verification of employment wasn't required on all loans, but added that Countrywide was expected to verify employment details on a "sampling" of loans. The Countrywide spokesman said his company fulfilled that obligation."http://ml-implode.com/viewnews/2008-04-3....
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You can't defeat the combined effects of massive voter fraud, the Free **** Army, and the entire bought and paid for media complex. This nation is done.
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Vegansharky
Posts: 1431
Incept: 2008-09-20
Orlando, Floriduh
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What took them so long? Who is next?
VS
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BP Sucks Tar Balls.
The spin is the new tin.
Skull Squicked Nation
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Throxxofvron
Posts: 10339
Incept: 2009-02-17
Hyper-Speculative Psycho-Facsistic Parabolic Blow-Off
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How the Hell can 'sampling' conceivably yield verification?
We are drowning in Double-Speak.
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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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