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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: JohnM who wrote (175344)11/4/2011 4:36:10 PM
From: Jim McMannis  Respond to of 541908
 
I think it may have to do with co-mingling client monet without approval. Then I heard that was OK if the funds were put into interest bearing accounts for holding purposes. After all that European soverign debt he invested in was paying "interest". Cough. I hear leverage was 80-1 too.
Of course none of it will fly. But his Lawyer will try anything. People will get the shaft. The Government might get a big fine. Just have to see how it works out with jail time. Plus how much his buds on wall street can cover for him.