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Thread: Clearing house steals money from customers, then goes bankrupt.

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  1. #1
    De Oppresso Liber CitizenCain's Avatar
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    Quote Originally Posted by GGT View Post
    That pretty much sums it up.

    You forgot to add that NJ racked up a lot of debt while he was guv, that he (allegedly) used client money to buy up those euro bonds and swaps at MF Global--while lobbying regulators to lighten up on rules for the $600 Trillion derivatives market, and (allegedly) can't find $600 million. Rumor has it he negotiated a golden parachute package with a tidy bonus, right before filing bankruptcy. What a guy.

    The FBI is investigating, along with SEC/CFTC. His legal fees will be enormous, but since he's estimated to be worth over $400 million, he'll probably get the best justice money can buy.

    And you wonder what the OWS protests are about, huh.
    So, to summarize, you think that the solution to government corruption is more government. Impeccable reasoning and a sure-fire plan for success, as always.

    Quote Originally Posted by Loki View Post
    I agree. The OWS protests are all about making unsupported assumptions unfazed by the facts and and reaching conclusions without any available data.
    No, to the extent that they're about anything more than free pizza and pot, they're about jealousy. Privileged kids in the upper 5 to 10% of the country in income/wealth, bitching about not being in the top 1%. Jealousy, plain and simple. Which is why they can't nail down anything resembling an agenda or a platform or anything other than "the richest 1% of people are richer than us, wah!! "
    "I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them."

    "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants."

    -- Thomas Jefferson: American Founding Father, clairvoyant and seditious traitor.

  2. #2
    Quote Originally Posted by CitizenCain View Post
    So, to summarize, you think that the solution to government corruption is more government. Impeccable reasoning and a sure-fire plan for success, as always.
    No. I think the solution to government and corporate collusion, and its corruption, is to sever the revolving door, make campaign finance publicly funded, ban PACs and Super PACS, reverse the Citizens United decision, and Get Money Out of legislative powers: http://www.getmoneyout.com/

    If you think this is about free pizza and pot, or wealth envy, or whatever fuck you're making up....maybe you'd do 'better' to ask yourself what kind of faux reality bubble you're living in, and how much longer your irrational, anti-thetical mindset can last, before it comes tumbling down. When no amount of guns can make it better.

  3. #3
    De Oppresso Liber CitizenCain's Avatar
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    Quote Originally Posted by GGT View Post
    No. I think the solution to government and corporate collusion, and its corruption, is to sever the revolving door, make campaign finance publicly funded, ban PACs and Super PACS, reverse the Citizens United decision, and Get Money Out of legislative powers: http://www.getmoneyout.com/
    So meaningless buzzwords that don't equate to anything actionable... and repealing teh 1st amendment.

    Got it.

    You were doing a better job when you claimed that the solution to government was government.

    Quote Originally Posted by GGT View Post
    ask yourself what kind of faux reality bubble you're living in, and how much longer your irrational, anti-thetical mindset can last, before it comes tumbling down.
    Holy-mother-of-Jesus-butt-fucking-a-house-cat-Christ, woman. Spit out the LSD. That's a mirror you're looking into.

    Quote Originally Posted by Nessus View Post
    Are you suggesting a fondness for champagne?
    What, now? You're not really claiming Krugman's a conservative, are you? (Champagne conservative, limousine liberal.)
    "I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them."

    "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants."

    -- Thomas Jefferson: American Founding Father, clairvoyant and seditious traitor.

  4. #4
    Quote Originally Posted by CitizenCain View Post
    What, now? You're not really claiming Krugman's a conservative, are you? (Champagne conservative, limousine liberal.)
    I think Nessus prefers champagne Socialist.

  5. #5
    Quote Originally Posted by Enoch the Red View Post
    I think Nessus prefers champagne Socialist.
    It's hardly my preference, but admittedly the other side of the aisle has brandied it about less now that Chambalaya's less active.
    In the future, the Berlin wall will be a mile high, and made of steel. You too will be made to crawl, to lick children's blood from jackboots. There will be no creativity, only productivity. Instead of love there will be fear and distrust, instead of surrender there will be submission. Contact will be replaced with isolation, and joy with shame. Hope will cease to exist as a concept. The Earth will be covered with steel and concrete. There will be an electronic policeman in every head. Your children will be born in chains, live only to serve, and die in anguish and ignorance.
    The universe we observe has precisely the properties we should expect if there is, at bottom, no design, no purpose, no evil, no good, nothing but blind, pitiless indifference.

  6. #6
    Quote Originally Posted by Loki View Post
    She said he's not doing any time. I'm not quite sure how life in prison doesn't meet that criterion.
    No, this is another example or your erratic and cherry-picking reading comprehension.

    Quote Originally Posted by GGT View Post
    And we all know Madoff perpetrated his crimes over decades, "injured" thousands of people (including philanthropic groups and endowments), and isn't doing time for any of his cohorts.
    Madoff is serving time for his own criminal activity. Putting him behind bars doesn't mean his cohorts (or co-conspirators) are off the hook. And how many of them have been identified or prosecuted? NONE, as far as we know.

    Most Incredible Ponzi scheme ever, spanning decades and involving Billions of Dollars trading hands, without one single co-conspirator being fingered for their involvement. Bernie may be a smart con artist, but he's not that smart.

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