Wikileaks to out a major US Bank

[mydogsarelazy]

I say B of A. Only a very evil company would buy Countrywide…

[Arraya]

I call BS on wikileaks. I don’t buy for a second that this guy is some champion of free speech and transparency. Anybody that gets prime time press coverage should be suspect. The complete prostitution of the MSM is an accomplished fact. While at the same time, I love the destruction of banks and exposing lies, this seems more like a hit job than anything else. Cui bono?

[Arraya]

I call BS on wikileaks. I don’t buy for a second that this guy is some champion of free speech and transparency. Anybody that gets prime time press coverage should be suspect. The complete prostitution of the MSM is an accomplished fact. While at the same time, I love the destruction of banks and exposing lies, this seems more like a hit job than anything else. Cui bono?

[Arraya]

I call BS on wikileaks. I don’t buy for a second that this guy is some champion of free speech and transparency. Anybody that gets prime time press coverage should be suspect. The complete prostitution of the MSM is an accomplished fact. While at the same time, I love the destruction of banks and exposing lies, this seems more like a hit job than anything else. Cui bono?

[Arraya]

I call BS on wikileaks. I don’t buy for a second that this guy is some champion of free speech and transparency. Anybody that gets prime time press coverage should be suspect. The complete prostitution of the MSM is an accomplished fact. While at the same time, I love the destruction of banks and exposing lies, this seems more like a hit job than anything else. Cui bono?

[Arraya]

I call BS on wikileaks. I don’t buy for a second that this guy is some champion of free speech and transparency. Anybody that gets prime time press coverage should be suspect. The complete prostitution of the MSM is an accomplished fact. While at the same time, I love the destruction of banks and exposing lies, this seems more like a hit job than anything else. Cui bono?

[Anonymous]

What exactly is BS? The documents are real.

Pertaining to the thread topic: What could we learn about about the big banks that is really new? There’s already lots of info available that top leadership is corrupt.

I don’t get outraged when I hear about big business using every means possible to make a buck – boys will be boys.

The unfortunate part is the lack of any attempt by law enforcement to hold criminals accountable:

– Only two people were convicted at Enron. Only one ever went to jail.

– Bernie Maddoff is the only one convicted in his scam. No way he acted alone.

There have been no significant convictions at all pertaining to financial meltdown.

Failing at business should not be a crime. Limited liability is a cornerstone of capitalism.

But there is a difference between poor business decisions and fraud. Our law enforcement seems to either ignore that fact or is so incompetent that they can’t do anything about it. (Perhaps too many resources committed to foiling their own terrorist plots?)

We can’t fix the problem until we have a system that holds criminals accountable. There’s no indication things are going to change.

[Anonymous]

What exactly is BS? The documents are real.

Pertaining to the thread topic: What could we learn about about the big banks that is really new? There’s already lots of info available that top leadership is corrupt.

I don’t get outraged when I hear about big business using every means possible to make a buck – boys will be boys.

The unfortunate part is the lack of any attempt by law enforcement to hold criminals accountable:

– Only two people were convicted at Enron. Only one ever went to jail.

– Bernie Maddoff is the only one convicted in his scam. No way he acted alone.

There have been no significant convictions at all pertaining to financial meltdown.

Failing at business should not be a crime. Limited liability is a cornerstone of capitalism.

But there is a difference between poor business decisions and fraud. Our law enforcement seems to either ignore that fact or is so incompetent that they can’t do anything about it. (Perhaps too many resources committed to foiling their own terrorist plots?)

We can’t fix the problem until we have a system that holds criminals accountable. There’s no indication things are going to change.

[Anonymous]

What exactly is BS? The documents are real.

Pertaining to the thread topic: What could we learn about about the big banks that is really new? There’s already lots of info available that top leadership is corrupt.

I don’t get outraged when I hear about big business using every means possible to make a buck – boys will be boys.

The unfortunate part is the lack of any attempt by law enforcement to hold criminals accountable:

– Only two people were convicted at Enron. Only one ever went to jail.

– Bernie Maddoff is the only one convicted in his scam. No way he acted alone.

There have been no significant convictions at all pertaining to financial meltdown.

Failing at business should not be a crime. Limited liability is a cornerstone of capitalism.

But there is a difference between poor business decisions and fraud. Our law enforcement seems to either ignore that fact or is so incompetent that they can’t do anything about it. (Perhaps too many resources committed to foiling their own terrorist plots?)

We can’t fix the problem until we have a system that holds criminals accountable. There’s no indication things are going to change.

[Anonymous]

What exactly is BS? The documents are real.

Pertaining to the thread topic: What could we learn about about the big banks that is really new? There’s already lots of info available that top leadership is corrupt.

I don’t get outraged when I hear about big business using every means possible to make a buck – boys will be boys.

The unfortunate part is the lack of any attempt by law enforcement to hold criminals accountable:

– Only two people were convicted at Enron. Only one ever went to jail.

– Bernie Maddoff is the only one convicted in his scam. No way he acted alone.

There have been no significant convictions at all pertaining to financial meltdown.

Failing at business should not be a crime. Limited liability is a cornerstone of capitalism.

But there is a difference between poor business decisions and fraud. Our law enforcement seems to either ignore that fact or is so incompetent that they can’t do anything about it. (Perhaps too many resources committed to foiling their own terrorist plots?)

We can’t fix the problem until we have a system that holds criminals accountable. There’s no indication things are going to change.

[Anonymous]

What exactly is BS? The documents are real.

Pertaining to the thread topic: What could we learn about about the big banks that is really new? There’s already lots of info available that top leadership is corrupt.

I don’t get outraged when I hear about big business using every means possible to make a buck – boys will be boys.

The unfortunate part is the lack of any attempt by law enforcement to hold criminals accountable:

– Only two people were convicted at Enron. Only one ever went to jail.

– Bernie Maddoff is the only one convicted in his scam. No way he acted alone.

There have been no significant convictions at all pertaining to financial meltdown.

Failing at business should not be a crime. Limited liability is a cornerstone of capitalism.

But there is a difference between poor business decisions and fraud. Our law enforcement seems to either ignore that fact or is so incompetent that they can’t do anything about it. (Perhaps too many resources committed to foiling their own terrorist plots?)

We can’t fix the problem until we have a system that holds criminals accountable. There’s no indication things are going to change.

[permabear]

Actually, our justice system for white-collar crime has gotten way worse over the past 20 years.

[quote=Financial Times]How many financiers do you think ended up in jail after America’s Savings and Loans scandals? The answer can be found in a fascinating, old report from the US Department of Justice*.

According to some of its records, between 1990 and 1995 no less than 1,852 S&L officials were prosecuted, and 1,072 placed behind bars. Another 2,558 bankers were also jailed, often for offenses which were S&L-linked too. [/quote]

Full article: http://us.ft.com/ftgateway/superpage.ft?news_id=fto090320091244573891

[permabear]

Actually, our justice system for white-collar crime has gotten way worse over the past 20 years.

[quote=Financial Times]How many financiers do you think ended up in jail after America’s Savings and Loans scandals? The answer can be found in a fascinating, old report from the US Department of Justice*.

According to some of its records, between 1990 and 1995 no less than 1,852 S&L officials were prosecuted, and 1,072 placed behind bars. Another 2,558 bankers were also jailed, often for offenses which were S&L-linked too. [/quote]

Full article: http://us.ft.com/ftgateway/superpage.ft?news_id=fto090320091244573891

[permabear]

Actually, our justice system for white-collar crime has gotten way worse over the past 20 years.

[quote=Financial Times]How many financiers do you think ended up in jail after America’s Savings and Loans scandals? The answer can be found in a fascinating, old report from the US Department of Justice*.

According to some of its records, between 1990 and 1995 no less than 1,852 S&L officials were prosecuted, and 1,072 placed behind bars. Another 2,558 bankers were also jailed, often for offenses which were S&L-linked too. [/quote]

Full article: http://us.ft.com/ftgateway/superpage.ft?news_id=fto090320091244573891

[permabear]

Actually, our justice system for white-collar crime has gotten way worse over the past 20 years.

[quote=Financial Times]How many financiers do you think ended up in jail after America’s Savings and Loans scandals? The answer can be found in a fascinating, old report from the US Department of Justice*.

According to some of its records, between 1990 and 1995 no less than 1,852 S&L officials were prosecuted, and 1,072 placed behind bars. Another 2,558 bankers were also jailed, often for offenses which were S&L-linked too. [/quote]

Full article: http://us.ft.com/ftgateway/superpage.ft?news_id=fto090320091244573891

[Author]

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