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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / Straight foward S&L sham transactions
Post #35,163
by boxley
4/11/02 4:12:12 PM
Reply
New Straight foward S&L sham transactions
by many of the same players. Making a practice that goes back to the 1830's still happening. 4 guys and a banker sit around a table selling the same stock/energy quota/real estate loan over and over again for larger and larger amounts with the payoff when the bill is presented to the banker. The banker pockets some under the table cash and the players fade leaving the bank stockholders and the treasury holding the paper on worthless assets. Old game,
thanx,
bill
TAM ARIS QUAM ARMIPOTENS
Post #35,202
by Ashton
4/11/02 8:03:46 PM
Reply
New In your example - the crooks would be held responsible
as individuals engaged in a conspiracy. In Corp-Am (now Corp-Worldwide, after our successful money-concentrating demonstration, to the terminally-Greedy everywhere) - it's exceeding difficult to get a criminal conviction, or for that matter - any penalty at all. Guess who can afford infinite lawyering / delay / ennui.. ... forgetting. (The DOJ cannot, 'least under an admin like This admin - we see)

No M$-lackey shall ever go to jail. Still, Ed Curry is dead, probably not the only one offed early? were one to Google enough. Wanna bet re the Lay-Suits? All will wait for the public attention span to .. span.


A.
     Enron manipulated energy prices in California - (marlowe) - (3) - April 11, 2002, 03:23:03 PM EDT
         Straight foward S&L sham transactions - (boxley) - (1) - April 11, 2002, 04:12:12 PM EDT
             In your example - the crooks would be held responsible - (Ashton) - April 11, 2002, 08:03:46 PM EDT
         No, not antitrust violation. It's just a fraud. -NT - (a6l6e6x) - April 11, 2002, 09:41:38 PM EDT

is there more coffee... can I have another cup... you wanna cup I can make some more... I have alot... I mean I have this pot here... but its almost gone and its been sitting there for 10 minutes anyway... I should make more... did I ask if you needed coffee??? do you??? need coffee I mean...
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