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 JP Morgan And Alabama Swaps
Rutben 1k posts, incept 2007-07-27

"put them in his own pocket and says 'Go on, get out of here ya punk" took someone from NJ to reduce the art form to its stark simplicity. RU grad here.
Bagbalm 6k posts, incept 2009-03-19

You wouldn't want them to give the fine back to the marks, er, uh, citizens defrauded would you?
Berkleyreindeer 665 posts, incept 2008-07-22

Here's an idea:
I believe in many states an entire insurance claim can be thrown out if part of it is fraudulent. So if your roof disappears from a tornado, and you make false statements about the cost of your furnishings, you get NOTHING.

Alabama should investigate this idea and cancel there entire indebtedness from these dealings. Let the investment banks eat the funds fraudulently lent out. How many billions in business can Alabama link back to a kickback scheme? That'll hurt.

It'll get worse. Just wait.
Fidgit 17k posts, incept 2008-02-18

Berkley, it's not like no one in benefited... a few county commissioners AND local financial firms are sweating it right now ( )

I'm all for insisting the pols - and all else - involved in this get the fullest justice possible. NO ONE offa the hook ;)
Laura 3k posts, incept 2008-05-05


Mezcal 1k posts, incept 2007-08-04

So would these particular swaps be considered "custom" under the proposed financial regulation bill?
And thus be exempt from being forced to trade openly on an exchange?

Just curious.

"God knows who is a counter-party to whom in the mammoth international clusterfuck of accounting fraud that passes for a commerce in capital."
Kunstler, 13 June 2011
Berkleyreindeer 665 posts, incept 2008-07-22

fidgit: let's be realistic here, the only way to hit a bank is to put top management in prison or take their ill-gotten profits. Since it is obvious no one will be going to jail other than a hedge fund titan and a ponzi scheme mastermind, lets go for the financial pain solution. If Dimon is above the law, take his money.

It'll get worse. Just wait.
Fidgit 17k posts, incept 2008-02-18

Hey, I'm all for max pain, bro. But I got's my hood to look after, as well... ;)
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