http://finance.yahoo.com/news/four-banks-found-guilty-fraud-164107833.html Heads up if you are invested in these nasty banks.
Four Banks Found Guilty of Fraud
By bgamall4 Follow Wed, 19 Dec 2012, 10:29am 407 views 12 comments
In Las Vegas NV 89117
Watch (1) Share
Quote
Permalink Like (1) Dislike Viewing Comments 1-12 of 12 Last » See most liked comments
|
Premium member bgamall4 is moderator of this thread. |
Follow
Befriend (4)
117 threads
17,655 comments
Premium
Yeah those Italians also found scientists guilty for not predicting an earthquake.
Be glad that we have a common law system.
Follow
Befriend (14)
744 threads
2,571 comments
63 male
Las Vegas, NV
bgamall4's website
Premium
Peter P says
You again show you aren't quite up to snuff when you discuss these matters my friend. In fact, the scientist were convicted for telling everyone not to worry about the earthquakes in the face of data that showed otherwise. Look it up.
Are you a bankster AND a libertarian, Peter? Double bad.
Follow
Befriend (4)
117 threads
17,655 comments
Premium
Anyone who trusts imperfect models on things like earthqakes and climate change should have known better.
It is like someone who gambles with a "system."
Follow
Befriend (14)
744 threads
2,571 comments
63 male
Las Vegas, NV
bgamall4's website
Premium
Peter P says
Apparently, Peter, it is against the law to state what amounted to a lie, a fraud, that there was nothing to worry about.
Just because people should have known earthquake predictions are pretty far out and difficult, does not make their lying, in the face of data that showed otherwise, ok.
Had they said nothing, they would not have been prosecuted.
Follow
Befriend (4)
117 threads
17,655 comments
Premium
It is not illegal to make a statement that turns out to be false. It is not even a crime to lie in most circumstances.
Data would always point to the truth but only in hindsight.
Follow
Befriend (14)
744 threads
2,571 comments
63 male
Las Vegas, NV
bgamall4's website
Premium
Peter P says
You are assuming you understand the law and the reasoning behind the judgement against the. But I don't think you do. Apparently they were charged with the task of warning people. If they didn't know they could have said so. They decided to state there was no danger.
Follow
Befriend (14)
744 threads
2,571 comments
63 male
Las Vegas, NV
bgamall4's website
Premium
And Peter, you still didn't tell me if you are a bankster as well as being a libertarian, which you have admitted to being.
Follow
Befriend (4)
117 threads
17,655 comments
Premium
I wish I were a banker. But no.
Follow
Befriend (14)
744 threads
2,571 comments
63 male
Las Vegas, NV
bgamall4's website
Premium
Hey Peter, did you know that the Bernanke backstop gives a government guarantee to private banks that want to take over the business of the GSE's? JPM, and the other TBTF banks including Wells Fargo want this business, but with PERMANENT guarantees.
Follow
Befriend (9)
159 threads
1,527 comments
Premium
Oh this is in Italy. For a moment there, I thought a bank was found guilty of something in the good ole USA!
Follow
Befriend (4)
117 threads
17,655 comments
Premium
bgamall4 says
More reasons to want to be banks. :-(
Sucks for us.
Follow
Befriend (14)
744 threads
2,571 comments
63 male
Las Vegas, NV
bgamall4's website
Premium
lostand confused says
We can hope this will one day extend to American cities who were screwed by these derivatives. As it is, Oakland is considering walking away from interest derivatives, which were just as crappy as the mortgage backed derivatives.
It is all a scam by the bankers upon the world, and upon you so that they get money for government that should be going to the police that protect you.