View Poll Results: WHO IS THE REAL CROOK?

Voters
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  • JOHN PAULSON

    0 0%
  • GOLDMAN SACHS

    0 0%
  • FABRICE TOURRE

    1 14.29%
  • JOHN PAULSON AND GOLDMAN SACHS

    3 42.86%
  • PAULSON, GOLDMAN SACHS, AND TOURRE

    3 42.86%
  • THE JUSTICE DEPARTMENT

    0 0%
  • NONE OF THE ABOVE

    0 0%
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Thread: The Frog Who Crushed The Planet

  1. #11
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    Re: The Frog Who Crushed The Planet

    Quote Originally Posted by sawyerloggingon View Post
    People should go to jail but people this big never do, they are truly above the law.

    Why can't we do anything about that. Isn't that what the Occupy protests were about. These aren't the only crooks. I've got a suggestion for our enforcement people; look in big banks, big hedge funds, big insurance corporations, and big energy for the crooks because they're not hiding. Hint: They're the ones in the big offices.

  2. #12
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    Re: The Frog Who Crushed The Planet

    Quote Originally Posted by DaveFagan View Post
    Why can't we do anything about that. Isn't that what the Occupy protests were about. These aren't the only crooks. I've got a suggestion for our enforcement people; look in big banks, big hedge funds, big insurance corporations, and big energy for the crooks because they're not hiding. Hint: They're the ones in the big offices.

    Talk about short attention spans. It's hard to get people to talk about the types of incidents and people that caused the 2008 crash. It's even harder to get the Department of Justice to do anything about it. The people need to force some issues to get change, otherwise this "keeps on keepin' on."

  3. #13
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    Re: The Frog Who Crushed The Planet

    This fits right in this post.

    Why Do Protesters Against Egregious Environmental and Financial Misconduct Get Arrested, But Not Corporate Perpetrators?

    Why Do Protesters Against Egregious Environmental and Financial Misconduct Get Arrested, But Not Corporate Perpetrators?

    "It's sadly what we've come to expect: advocates for saving the planet -- and present and future lives with it -- and those who protest financial crimes and improprieties get arrested, charged, and often serve jail time, but those responsible among the corporate and financial elite go free."

  4. #14
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    Re: The Frog Who Crushed The Planet

    Quote Originally Posted by DaveFagan View Post
    Talk about short attention spans. It's hard to get people to talk about the types of incidents and people that caused the 2008 crash. It's even harder to get the Department of Justice to do anything about it. The people need to force some issues to get change, otherwise this "keeps on keepin' on."
    Corporate lobbyists invested the most attention, energy, and resources into government, so they are the ones who get to rule our society. When nearly half of the American people are broadly supportive of corporate privilege and the rest are mostly accepting, there's not much traction to be made on the issue.
    Last edited by Morality Games; 07-29-13 at 11:11 PM.
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

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  5. #15
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    Re: The Frog Who Crushed The Planet

    Quote Originally Posted by Morality Games View Post
    Corporate lobbyists invested the most attention, energy, and resources into government, so they are the ones who get to rule our society. When nearly half of the American people are broadly supportive of corporate privilege and the rest are mostly accepting, there's not much traction to be made on the issue.

    Here's a little follow up to the story. My gosh now, it'll just renew your faith in the justice system, OR NOT.

    Goldman Sachs Trader Conviction: Hold the Cheers | DailyCensored.com - Breaking Censored News, World, Independent, Liberal News

    "On August 1, Goldman’s Farbice (“Fabulous Fab”) Tourre was convicted on six of seven counts.

    They involve “making materially misleading statements and omissions in connection with a synthetic collateralized debt obligation (CDO) GS&Co structured and marketed to investors.”

    They’re about being “directly or indirectly engaged in transactions, acts, practices, and a course of business that violated Section 17(a) of the Securities Act of 1933, 15 USC 77q(a) (“the Securities Act”) and Exchange Act Rule 10b-5, 17 CFT 240.10b-5.”

    “The Commission (sought) injunctive relief, disgorgement of profits, prejudgment interest, civil penalties, and other appropriate and necessary equitable relief from both defendants.”

    "A Tourre spokesman said the case remains ongoing. At issue is what penalty will be imposed. Weeks may pass before it’s known. They’ll pale compared to what’s deserved. On appeal it may be reduced.

    Tourre and Goldman faced civil charges. Criminal penalties aren’t involved. Prison time won’t follow. Billions of dollars were stolen. Grand theft continues. It does so in multiple forms. It’s standard Wall Street practice.

    Theft runs the gamut. Shoplifting is petty theft. Larceny involves property valued under $500. Larger amounts are grand theft. Wall Street malfeasance should be called the grandest of grand theft writ large.

    Minor offenses land ordinary people in prison. Terms up to 10 years are imposed. Multiple transgressions involve longer sentences. Three-strikes laws can imprison people for life.

    Not on Wall Street. It’s anything goes territory. Government complicity permits it. Money power runs America. What it says goes. Accountability rarely happens. Penalties are hand slaps. They hardly matter. They don’t deter crime."

  6. #16
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    Re: The Frog Who Crushed The Planet

    Fabrice Tourre. He loved the American Dream. With a Vengeance.

  7. #17
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    Re: The Frog Who Crushed The Planet

    Quote Originally Posted by paris View Post
    Fabrice Tourre. He loved the American Dream. With a Vengeance.

    He did good. He's not going to jail. Just a fine and he'll probably get to pay a dime a week until it's cleared up. "Justice is for the rich and influential."

  8. #18
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    Re: The Frog Who Crushed The Planet

    As usual the rich skate because they pay others to do their dirty work. Can't soil those billion dollar hands ... LOL!
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

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