Somebody is getting a lump of coal at X-mas

Stock and Bond Fraud, including Boiler Rooms / Pump and Dump Schemes, Mutual Fund & Hedge Fund Fraud, FOREX scams, plus Churning, Private Placements, Venture and Bridge Funding, IPOs, Viaticals Fraud, HYIP and Prime Bank scams, MTNs, Historical Notes, Recovery Schemes, etc. Includes the Jim Norman Project and the Michael Dotson Project and similar HYIP scams.
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Thule
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Re: Somebody is getting a lump of coal at X-mas

Postby Thule » Sat Nov 20, 2010 9:33 pm

The Royal Mail actually did a stamp honoring bad children all over the world.

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Number Six
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Re: Somebody is getting a lump of coal at X-mas

Postby Number Six » Sun Nov 21, 2010 1:47 am

Reminds me of one of William Safire's NYT magazine language articles when he looked for the origin of the term "WTSHTF". One theory was that the saying developed as a result of a drunk at a bar going upstairs and mistaking an overhead fan for the john...
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)

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notorial dissent
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Re: Somebody is getting a lump of coal at X-mas

Postby notorial dissent » Sun Nov 21, 2010 1:48 am

This could really get interesting depending on how far they can reach. Goldman has been pushing their luck for years, and without friends in office right now they are really vulnerable, and I wouldn't bet too much on Deutsche and UBS coming out of this in one piece either, since they have been proven ethically challenged in other areas this is the big one and I'm betting they'll fall flat on their faces here. Yes, this could get really interesting.
The fact that you sincerely and wholeheartedly believe that the “Law of Gravity” is unconstitutional and a violation of your sovereign rights, does not absolve you of adherence to it.

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Number Six
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Re: Somebody is getting a lump of coal at X-mas

Postby Number Six » Sun Nov 21, 2010 3:13 am

I doubt the Justice Department or the S.E.C. will nail the big financial firms and hedge funds as under the law they could. And having grown up in a part of the country where the hedge funds have become as much a part of the tax base as the casinos at the other end of the state, I doubt the government will do due dilligence. If they did, it could get very ugly, they could keep digging and digging until all the insider trading is exposed until the Ralph Naders of the world can finally say "See, I told you so".

On the other hand, those who have flagrantly broken these laws have earned whatever justice gets served them. Having known some of the workers in the hedge funds, of which there are thousands, I don't think they are much different as those who have gotten caught and are doing time, only slicker. S.A.C. and Goldman probably have sufficient resources to weather the storm unless a key witness spills the beans, that's the wildcard. The less well-endowed targets of this investigation are, of course, toast.
Last edited by Number Six on Thu Nov 25, 2010 6:47 pm, edited 2 times in total.
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)

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Number Six
Hereditary Margrave of Mooloosia
Posts: 1107
Joined: Fri Aug 29, 2008 7:35 pm
Location: Connecticut, "The Constitution State"

Re: Somebody is getting a lump of coal at X-mas

Postby Number Six » Mon Nov 22, 2010 9:37 pm

I would follow Zero Hedge on this story: http://www.zerohedge.com/article/are-ex ... st-history

There were a couple more raids this morning: http://www.zerohedge.com/article/fbi-ra ... vel-global
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)


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