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To: Giordano Bruno who wrote (259809)	7/10/2010 2:37:45 PM
From: S. maltophilia	Respond to of 306849

<<“It was so commonplace that people talked about it on the phones of their employers and ignored the fact that they were being recorded.”>> The junior staff probably thought it was standard procedure. <<“Mr. Rubin doesn’t think that CDR broke the law in any of these transactions,” said Laura Hoguet, his attorney in New York.>> Him, though, I don't believe.

To: Giordano Bruno who wrote (259809)	7/10/2010 2:44:45 PM
From: ggersh	Read Replies (1) \| Respond to of 306849

$100 million fine and a no contest plead, takes care of that.

To: Giordano Bruno who wrote (259809)	7/10/2010 4:22:28 PM
From: RetiredNow	Read Replies (2) \| Respond to of 306849

Strong language alert. Fucking hell. Will none of our leaders ensure these fucking banks get prosecuted and executives get sent to jail for this kind of criminal shit? Is our country now just one giant mafia run enterprise? The criminals and their companies read like a Who's Who list: "West Virginia was just one stop in a nationwide conspiracy in which financial advisers to municipalities colluded with Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Lehman Brothers Holdings Inc., Wachovia Corp. and 11 other banks." businessmirror.com.ph Where's the damned perp walk? I want justice for fuck's sake. Instead our leaders are giving these same banks loans at zero percent interest, which they invest in Treasuries earning 2.5% interest to pad their profits, which are then paid back to the executive criminals in massive bonuses. I mean Hollywood couldn't write this shit. When will we see justice? Will American citizens have to rise up and take arms to ensure our laws are enforced and criminals prosecuted? For fuck's sake.

To: Giordano Bruno who wrote (259809)	7/11/2010 12:13:10 AM
From: marcher	Respond to of 306849

"...a nationwide conspiracy in which [private sector] financial advisers...rigged bids on auctions. ...Charlie Anderson, who retired in 2007 as head of field operations for the Internal Revenue Service’s tax-exempt bond division....said he referred scores of cases to the Justice Department when he was with the IRS. He estimates that bid rigging cost taxpayers billions of dollars. ...Banks that conspired in the bid rigging for GICs paid kickbacks to CDR ranging from $4,500 to $475,000 per deal..." --------------------- This article is a good illustration of how a regulator had the guts to do his job, but was marginalized according to regulatory capture (see Frank's "Wrecking Crew"). As the case against financial fraud goes forward, we should expect attacks on the reputations of regulators by corporate authority and the superwealthy. The claim will be that regulators were lazy or incompetent and that regulation doesn't work. In actuality, market fundamentalists strategically wrecked the regulatory agencies and made it impossible for competent regulators to perform their duties. Pitchforks? -g-