Will the crooks of Wall St. ever get prosecuted?

[Krip 2]

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Yes but you have to admit current regulations are a bit lax compared to what they once were.

I’m sorry but I do not agree. There is far more regulation than in the past. Some of which I described above in an earlier post. All of those rules about communications came about in the 90’s. In the good old days, traders spoke to their competition about pricing. Give that a thought for a moment… a trader could call his competition and discuss what they were going to offer securities at without the market regulators supervising if they were colluding on price. Much safer for the public now that all communications are monitored.

Dude

A lot of us heard the tapes of the enron employee calling the power plants and asking them how much trouble it would be to pull some of their generators off line. To give the appearence of a power shortage so they could jack up the prices.

Audio tapes are only good after the fact. To try and prove who did what when. Was the person who made the telephone call ever sent to jail? Did they have to give back their bonus money? Was that call made in before or after the regs your talking about?

Want to discuss the the independent auditors like arthur anderson thaat worked for enron? Or the store
front auditor that was rubber stamping madoff books?

Can you explain to us if the there's a possiabilty that the speculators and wall street are responsiable for the run up on gasoline prices?

The SEC is a joke. Why would anyone would work for the feds as a watchdog over wall street for chump change that has half a brain. When they can work for wall street aand make more in a year than a SEC employee can make in a 10 yr's or a life time?

Who said "No new tax's "

Who said "It's unamerican to take away the oil company's tax exemptions"

Who said "I never had sex with that women"

One Jump Wonder

[popsjumper 2]

Meh...I wouldn't take any stock in it.

My reality and yours are quite different.
I think we're all Bozos on this bus.
Falcon5232, SCS8170, SCSA353, POPS9398, DS239

[weekender 0]

reply]

Dude

A lot of us heard the tapes of the enron employee calling the power plants and asking them how much trouble it would be to pull some of their generators off line. To give the appearence of a power shortage so they could jack up the prices.

Audio tapes are only good after the fact. To try and prove who did what when. Was the person who made the telephone call ever sent to jail? Did they have to give back their bonus money? Was that call made in before or after the regs your talking about?

Want to discuss the the independent auditors like arthur anderson thaat worked for enron? Or the store
front auditor that was rubber stamping madoff books?

Can you explain to us if the there's a possiabilty that the speculators and wall street are responsiable for the run up on gasoline prices?

The SEC is a joke. Why would anyone would work for the feds as a watchdog over wall street for chump change that has half a brain. When they can work for wall street aand make more in a year than a SEC employee can make in a 10 yr's or a life time?

Who said "No new tax's "

Who said "It's unamerican to take away the oil company's tax exemptions"

Who said "I never had sex with that women"

SEC pays 225k to start in some positions. that is not a joke. Buts its not about the money. they employ people who dedicate their lives to protecting others. Its a noble profession.

My entire point is that no one is being procecuted because they might not have broken any rules or laws. I tried to explain how some of the trading can seem illegal but is in fact, not. There are public servants who have dedicated their lives to catching cheaters on Wall St. If they could bring charges in this, they would. maybe the people at GS acting in a way that is offensive to many but did it within the confines of the rules and laws of the land.

"The point is, I'm weird, but I never felt weird."
John Frusciante

[kelpdiver 2]

Krip - are you trying to engage in discussion, or just put out a lot of rants? Enron power manipulation, Bush and Clinton lies - these have nothing to do with the topic. Andersen is out of business because of their shortcomings.

The SEC is just one of many regulators we have to deal with. The OCC is a much bigger PITA.

[tkhayes 348]

no they will never be prosecuted. Bill Maher summed it up best. If you put just 6 of them in a federal prison and let them get a good ass-fucking, we would never have this problem again.

[kelpdiver 2]

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no they will never be prosecuted. Bill Maher summed it up best. If you put just 6 of them in a federal prison and let them get a good ass-fucking, we would never have this problem again.

we've been jailing Enron types for years, and yet execs continue to cook their books. Greed doesn't go away.

But as as weekender is unsuccessfully trying to point out, few crimes were committed here. Gaming the system is not illegal, nor is fucking up or participating in a bubble. And one division of a large firm may act differently than another one...the better ones will coordinate as much as possible to save on transaction costs, but it's not a given.

[Krip 2]

Dude

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SEC pays 225k to start in some positions. that is not a joke. Buts its not about the money. they employ people who dedicate their lives to protecting others. Its a noble profession.

There are public servants who have dedicated their lives to catching cheaters on Wall St. If they could bring charges in this, they would. maybe the people at GS acting in a way that is offensive to many but did it within the confines of the rules and laws of the land.

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In the spirit of cooperation, partnering etc I'll let you in on a little secrete. I was a career federal employee..

Based on my 21 yr's of expeience working for the working as a engineer for two different organizations I can assure you that the type of a federal employee your talking is a urban legend.

I started working for the feds around 1975 I couldn't belive what I was seeing and kept on telling myself it couldn't be that bad it was just some people had a bad attitude for "whatever reason" .

I was wrong The only folks that hide behind your urban legend are folks like you in various industries including USPA.

I could be more specific about the crap I was exposed to working for the feds, but basically my attitude now is Since I retired from the feds I don't have to do anything stupid unless I want to.

So one yes, one no, and I'm gone.

3,2,1 c ya.

One Jump Wonder

[Amazon 7]

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no they will never be prosecuted. Bill Maher summed it up best. If you put just 6 of them in a federal prison and let them get a good ass-fucking, we would never have this problem again.

we've been jailing Enron types for years, and yet execs continue to cook their books. Greed doesn't go away.

But as as weekender is unsuccessfully trying to point out, few crimes were committed here. Gaming the system is not illegal, nor is fucking up or participating in a bubble. And one division of a large firm may act differently than another one...the better ones will coordinate as much as possible to save on transaction costs, but it's not a given.

Hey its just "business" right..... the end justifies the means today... as long as you get rich.. its all good no matter how many other Americans they ripped off and now have nothing.

I disagree with the put them in federal prison... there just needs to be a few of the millions of the destitute out there in the hinterlands shoot the motherfuckers... and perhaps the next bunch might do right by people.

[Krip 2]

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Krip - are you trying to engage in discussion, or just put out a lot of rants? Enron power manipulation, Bush and Clinton lies - these have nothing to do with the topic. Andersen is out of business because of their shortcomings.

The SEC is just one of many regulators we have to deal with. The OCC is a much bigger PITA.

Hi Kelp

How are you today?

I think we're actually makeing some progress
Just because you say something has nothing to do with the topic doesn't mean your correct thats just your opinion, and its just as valid my opinion.

Opinions are like A-holes everyone has one

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Anderson is out of business because of their shortcomings

Thats what I like about the english language. Can you be more specific about the shortcomings of AA?

Your obviously a insider since I had to google OCC. See my response to weekender above. Madoff said the SEC was a PITA

Now your saying OCC is a PITA

Bush and clinton lies have nothing to do with it? Thats your opinion, In my world they have everything to do with it. In spite of their different political parties they have one thing in common that you were nice enough to point out.

One yes one no I'm gone

One Jump Wonder

[kelpdiver 2]

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Your obviously a insider since I had to google OCC.

yep, I'm classified an insider, though I am not remotely near the money. This means I am subject to all of the restrictions and oversight that most of you don't know exists.

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Bush and clinton lies have nothing to do with it? Thats your opinion, In my world they have everything to do with it.

Bush promising no taxes and Clinton having sex have NOTHING to do with the subject at hand. If they do in your world, it's too hazy a debate to bother with.

[kallend 2,027]

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no they will never be prosecuted. Bill Maher summed it up best. If you put just 6 of them in a federal prison and let them get a good ass-fucking, we would never have this problem again.

we've been jailing Enron types for years, and yet execs continue to cook their books. Greed doesn't go away.

But as as weekender is unsuccessfully trying to point out, few crimes were committed here. .

Actually he's trying to claim that NO crimes were committed here. A position at variance with that of the bipartisan Senate committee.

...

The only sure way to survive a canopy collision is not to have one.

[kelpdiver 2]

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But as as weekender is unsuccessfully trying to point out, few crimes were committed here. Gaming the system is not illegal, nor is fucking up or participating in a bubble. And one division of a large firm may act differently than another one...the better ones will coordinate as much as possible to save on transaction costs, but it's not a given.

Hey its just "business" right..... the end justifies the means today... as long as you get rich.. its all good no matter how many other Americans they ripped off and now have nothing.

I disagree with the put them in federal prison... there just needs to be a few of the millions of the destitute out there in the hinterlands shoot the motherfuckers... and perhaps the next bunch might do right by people.

[kelpdiver 2]

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no they will never be prosecuted. Bill Maher summed it up best. If you put just 6 of them in a federal prison and let them get a good ass-fucking, we would never have this problem again.

we've been jailing Enron types for years, and yet execs continue to cook their books. Greed doesn't go away.

But as as weekender is unsuccessfully trying to point out, few crimes were committed here. .

Actually he's trying to claim that NO crimes were committed here. A position at variance with that of the bipartisan Senate committee.

where did weekender make such an absolute statement? He did not. He pointed out a few examples of criminal behavior, but focused on the great picture of the crash. His words: "My point is that while no one might like what GS did, it might not be a crime."

Doesn't sound like a claim of NO, WHATSOVER.

[Amazon 7]

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Can you identify who broke what laws? And are we supposed to take your "shoot the motherfuckers" suggestion seriously

Follow the MONEY.. the people that no longer have it will do just that at some point.

[kelpdiver 2]

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Can you identify who broke what laws? And are we supposed to take your "shoot the motherfuckers" suggestion seriously

Follow the MONEY.. the people that no longer have it will do just that at some point.

thanks to people like you, they can't afford guns.

[kallend 2,027]

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His words: "My point is that while no one might like what GS did, it might not be a crime."

.

So logically he's also implying that it might well be a crime. OK

...

The only sure way to survive a canopy collision is not to have one.

[Amazon 7]

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Can you identify who broke what laws? And are we supposed to take your "shoot the motherfuckers" suggestion seriously

Follow the MONEY.. the people that no longer have it will do just that at some point.

thanks to people like you, they can't afford guns.

Oh don't worry ... there are PLENTY of those folks all across the heartland who have plenty of guns and the motivation once they realize how badly they have been fucked.

[kallend 2,027]

Isn't it remarkable that you can always find someone to defend the actions of those who made fortunes by bilking people out of their homes and life savings.

...

The only sure way to survive a canopy collision is not to have one.

[Amazon 7]

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Isn't it remarkable that you can always find someone to defend the actions of those who made fortunes by bilking people out of their homes and life savings.

Like I said.. they love that catch all excuse.... "it's just business"... I think a bunch of those people are in for a rude awakening .. from the same people who have been kissing their asses now for about 30 years.

For those who had everything taken.. I think they see it far differently.

[kelpdiver 2]

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His words: "My point is that while no one might like what GS did, it might not be a crime."

.

So logically he's also implying that it might well be a crime. OK

is this your fastest backpedal ever?

[kelpdiver 2]

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Isn't it remarkable that you can always find someone to defend the actions of those who made fortunes by bilking people out of their homes and life savings.

I asked her, and others, to identify the crime committed. It's hard to defend some unstated, vague claim that 'those people were bad.'

BTW, I'd hope you would fail a student that presented an argument as poorly, and as casually, as did the Rolling Stones writer. 6 pages and I'm still looking for the crime. (and laughing at the notion of poor stupid hedge fund managers being fooled by the all knowing GS)

[Amazon 7]

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Isn't it remarkable that you can always find someone to defend the actions of those who made fortunes by bilking people out of their homes and life savings.

I asked her, and others, to identify the crime committed. It's hard to defend some unstated, vague claim that 'those people were bad.'

BTW, I'd hope you would fail a student that presented an argument as poorly, and as casually, as did the Rolling Stones writer. 6 pages and I'm still looking for the crime. (and laughing at the notion of poor stupid hedge fund managers being fooled by the all knowing GS)

WHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOSH

That is the sound of Kelp.. missing the point

[kelpdiver 2]

no kidding. you still haven't accepted that you fucked up in 2009. It's someone else's fault, right?

BTW, someone espousing the killing of others for her own mistake should be required to under go mental evaluation with her guns held by the police until a shrink is satisfied she doesn't present a threat to society.

[Amazon 7]

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no kidding. you still haven't accepted that you fucked up in 2009. It's someone else's fault, right?

BTW, someone espousing the killing of others for her own mistake should be required to under go mental evaluation with her guns held by the police until a shrink is satisfied she doesn't present a threat to society.

Tsk tsk tsk.. still clueless.

WOW.....but I expect nothing less from you on that subject Its too bad you cant pull your head out of that dark place long enough to realize I am not one who lost everything... Your attack is SOOOO over the top OOOOZING with hypocrisy since you who refuse to accept that nutters like Cho and the nutter from Arizona.. showed signs of being completely whacko for a long time before they decided to muder a group of innocent people, and you and your ilk will defend the nutters to the last innocent victim as long as you are not incomvienienced in any way when you want to buy that 50 cal that is givin you that little stiffy.

I am saying that those who benefitted the most from ripping off others... under the guise of "its just business" as you sooooooo love to do, WILL be finding some of those who lost EVERYTHING who will not be so christian and forgiving with all the guns available to them when they realize just how badly your buddies have butt fucked most of the people in this country once they figure out they have nothing to lose.

[weekender 0]

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Isn't it remarkable that you can always find someone to defend the actions of those who made fortunes by bilking people out of their homes and life savings.

It remarkable that you still insist im defending people. you are angry that no one is charged and im trying to explain to you why. thats it. WSJ reports today that BAC, MS and GS are all being investigated by the NY Attorney Gen. Perhaps, they will now. I'm sure if they can find evidence of a crime they will bring charges. My point all along has been that it might not have been a crime according to the laws and rules of the business. It not a crime to short a security against your firms buy rating. Never was and still isnt. you dont like it but its a fact. sorry.

I'm done. tried to bring some industry experience into this discussion to help people understand its not so cut and dry. I though maybe i could shed some light as to why regulators have not charged anyone yet. People mention violence, guns and revenge. good bye.

"The point is, I'm weird, but I never felt weird."
John Frusciante