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The Sandbox - National The Sandbox is a collection of off-topic discussions. Humorous threads, Sports talk, and a wide variety of other topics can be found here.

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Old 08-16-2012, 12:24 PM   #1
nevergaveitathought
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Default now he wants to start a hedge fund

looks like corzine will escape any criminal charges in the collapse of MF Global as his wink and nod methods have left little hard evidence to present in a criminal case.

now he wants to start up a hedge fund...wtf you have a nickel..

http://dealbook.nytimes.com/2012/08/...-at-mf-global/

i've heard, without independent verification, that under clinton around 1,000 prosecutions of wall street characters were undertaken, under bush it was around 1,300, under obama zero. maybe one of you googlers can check that out
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Old 08-16-2012, 07:36 PM   #2
I B Hankering
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Pitiful. People who wreck cars are, as a minimum, ticketed and fined for reckless operation and careless destruction of property. But when a clown like Corzine wrecks a bank and destroys peoples savings, he isn't even given a slap on the wrist. Corzine was the driver, and what happened while he was driving was against the law. He is guilty of careless operation and destruction of property!
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Old 08-16-2012, 07:40 PM   #3
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Quote:
Originally Posted by nevergaveitathought View Post
looks like corzine will escape any criminal charges in the collapse of MF Global as his wink and nod methods have left little hard evidence to present in a criminal case.

now he wants to start up a hedge fund...wtf you have a nickel..

http://dealbook.nytimes.com/2012/08/...-at-mf-global/

i've heard, without independent verification, that under clinton around 1,000 prosecutions of wall street characters were undertaken, under bush it was around 1,300, under obama zero. maybe one of you googlers can check that out

I wont look up anything, but just to disprove the 0 calim under Obama

Bernie M comes to mind.
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Old 08-16-2012, 07:46 PM   #4
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Quote:
Originally Posted by CJ7 View Post
I wont look up anything, but just to disprove the 0 calim under Obama

Bernie M comes to mind.
He was arrested on December 11, 2008, and charged with securities fraud.
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Old 08-16-2012, 07:46 PM   #5
nevergaveitathought
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Quote:
Originally Posted by CJ7 View Post
I wont look up anything, but just to disprove the 0 calim under Obama

Bernie M comes to mind.
When did that start?
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Old 08-16-2012, 10:44 PM   #6
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http://www.cnn.com/2012/07/18/justic...eme/index.html
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Old 08-16-2012, 10:46 PM   #7
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Madoff was still charged with securities fraud and arrested on December 11, 2008.
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Old 08-16-2012, 10:49 PM   #8
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Quote:
Originally Posted by nevergaveitathought View Post
looks like corzine will escape any criminal charges in the collapse of MF Global as his wink and nod methods have left little hard evidence to present in a criminal case.

now he wants to start up a hedge fund...wtf you have a nickel..

http://dealbook.nytimes.com/2012/08/...-at-mf-global/

i've heard, without independent verification, that under clinton around 1,000 prosecutions of wall street characters were undertaken, under bush it was around 1,300, under obama zero. maybe one of you googlers can check that out
In the 1980s over 1,000 bankers went to jail for lending and mortgage fraud.

This time there were none.

Obama says it "wouldn't do any good" to prosecute them.
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Old 08-16-2012, 10:51 PM   #9
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Quote:
Originally Posted by I B Hankering View Post
Madoff was still charged with securities fraud and arrested on December 11, 2008.

so I was wrong ...

anything about those 48 that went down last month or not?
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Old 08-16-2012, 11:17 PM   #10
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Quote:
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so I was wrong ...

anything about those 48 that went down last month or not?
No. You are not "wrong". But you do understand that Medicaid fraud and securities fraud are two different issues, don't you? Plus, just wanted to reiterate Madoff was locked up and awaiting trial when the Odumbo administration came on board.
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Old 08-17-2012, 12:25 AM   #11
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the executives of Taylor, Bean & Whitaker , August 09
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Old 08-18-2012, 01:17 AM   #12
gnadfly
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Default Sorry, meant to post in this thread

From The Daily Beast (a Newsweek sub)

http://www.thedailybeast.com/newswee...o-justice.html

Why Can't Obama Bring Wall Street to Justice?
May 6, 2012 1:38 PM EDT
Despite his populist posturing, the president has failed to pin a single top finance exec on criminal charges since the economic collapse. Are the banks too big to jail—or is Washington’s revolving door at to blame? Peter J. Boyer and Peter Schweizer investigate....

Strikingly, federal prosecutions overall have risen sharply under Obama, increasing dramatically in such areas as civil rights and health-care fraud. But according to the Transactional Records Access Clearinghouse, a data-gathering organization at Syracuse University, financial-fraud prosecutions by the Department of Justice are at 20-year lows.
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Old 08-18-2012, 02:10 AM   #13
CJ7
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Quote:
Originally Posted by gnadfly View Post
From The Daily Beast (a Newsweek sub)

http://www.thedailybeast.com/newswee...o-justice.html

Why Can't Obama Bring Wall Street to Justice?
May 6, 2012 1:38 PM EDT
Despite his populist posturing, the president has failed to pin a single top finance exec on criminal charges since the economic collapse. Are the banks too big to jail—or is Washington’s revolving door at to blame? Peter J. Boyer and Peter Schweizer investigate....

Strikingly, federal prosecutions overall have risen sharply under Obama, increasing dramatically in such areas as civil rights and health-care fraud. But according to the Transactional Records Access Clearinghouse, a data-gathering organization at Syracuse University, financial-fraud prosecutions by the Department of Justice are at 20-year lows.



the executives of Taylor, Bean & Whitaker , August 09

look it up
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