7 of the Nastiest Scams, Rip-Offs and Tricks From Wall Street Crooks

[Ausm]

What is Mr. Obama doing about it? Nadda.

What is the Department of Justice doing about it? Nadda.

Why is this corrupt administration doing nothing to stop the crooks?

Oh... that's where they get their money from... I see.

Thanks for nothing, Obummer!

Read further down in the thread where I illustrate these points.

 

[EagleKeeper]

Ausm is bitching about it being the Republicans fault, implying in his tone that the Republicans are responsible for the scumbags; yet is unable to ATTACK the point that his Democrats have failed in trying to do anything.

Dems can have no faults until he is called on it.

Bolded and good night

 

[Ausm]

Bolded and good night

Well then you mistook my post then....

 

[DucatiMonster696]

Allowing criminal activity to not only go unpunished but to be very very profitable is "enabling and cheering them on". Throwing the bastards in jail and taking back their illegally gained profits puts a stop to the BS.

I don't believe anyone has a problem with punishing people who blatantly commit illegal acts of fraud. However you should realize that many times actions which are considered outrageous and "unfair" by the public are usually actions which have been sanctioned by and fall under the letter of law as a result of bad polices/mandates pushed out by government which created the unintended results.

 

[palehorse]

Lets not forget how many financial "experts" from places like Goldman Sachs Obama has working with him. Please Jhhnn, I am not trying to make light of either side, I think the Republicans are fucking pieces of shit too, I just will not sit by and allow idiots to pump up the Democrats who are also fucking pieces of shit. I come into every post like these where people start throwing ideology around and demonizing the opposing group for being exactly like them. Fuck both of them. How many times do I have to come into a thread and say group think is the death of America before you guys stop postulating some mysterious allegiance I have.

Well f'n said.

 

[gingermeggs]

Well f'n said.

So whats going to happen about it now?
You guys are all geniuses, so how about some show!

 

[Darwin333]

I don't believe anyone has a problem with punishing people who blatantly commit illegal acts of fraud. However you should realize that many times actions which are considered outrageous and "unfair" by the public are usually actions which have been sanctioned by and fall under the letter of law as a result of bad polices/mandates pushed out by government which created the unintended results.

Read the article and actually think for yourself for just one small moment in time.

Misrepresenting a product that you are selling for the sole reason to profit at the expense of the person buying the product you are intentionally misrepresenting is a crime. It is no different than me taking small dog turds, dipping them in chocolate, putting them in a box that says 100% pure Godiva and selling it to you as such. It looks and smells like pure chocolate until you take that first bite.

There are a ton of other crimes they committed as well but the above was the most blatant. Hell, don't take my word for it take Bill Black's. He was the guy that prosecuted 1,000's of banksters during the S&L scandal, look up some of his videos on youtube.

It has been proven beyond the shadow of a doubt that the banksters committed untold numbers of criminal offenses during this entire mess. For further proof, why is the .gov including criminal immunity in the slap on the wrist "settlements" the banksters are making? Why would they need immunity from criminal prosecution if no crimes took place?

 

[Darwin333]

So whats going to happen about it now?
You guys are all geniuses, so how about some show!

A couple more fines that amount to a percent or two of the profit they made off of the illegal activity along with a deal for immunity from criminal charges would be my guess.

The people in charge, on both sides of the aisle, have been bought and paid for.

 

[JTsyo]

The part of the article about the audit of the Fed, what can come of that? Was it just to see what they were doing or is there going to be a follow up? The example shown seemed like pretty obvious:

Christy is the wife of John Mack, the chairman of Morgan Stanley. Susan is the widow of Peter Karches, a close friend of the Macks who served as president of Morgan Stanley's investment-banking division. Neither woman appears to have any serious history in business, apart from a few philanthropic experiences. Yet the Federal Reserve handed them both low-interest loans of nearly a quarter of a billion dollars through a complicated bailout program that virtually guaranteed them millions in risk-free income.