Article

2011-10-20 -Lurid Crime Tales-

Citi agrees to pay $285million after 'defrauding investors in a $1billion derivatives deal'

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Posted by Fred 2011-10-20 04:04|| || Front Page|| [1 views ] Top

#1 Who is gonna pay for when the trillions of CDO's transferred into US government guaranteed accounts, (w/ govmt collusion) collapse? Oh yeah, the taxpayers.

Posted by Eohippus Phater7165 2011-10-20 08:02|| 2011-10-20 08:02|| Front Page Top

#2 "Okay, so you robbed a bank of $100,000, that the police never found, so I sentence you to pay a $28,500 fine. And don't rob any more banks, even if the government says it's okay."

Posted by Anonymoose 2011-10-20 09:24|| 2011-10-20 09:24|| Front Page Top

#3 Whatever happened to Caveat Emptor?

Anyone with a basic understanding of lending risk could see CDOs were a trainwreck waiting to happen.

Posted by phil_b 2011-10-20 10:42|| 2011-10-20 10:42|| Front Page Top

#4 Still no criminal prosecutions for fraud on a trillion dollar scale, while Eric 'Place' Holder harasses Gibson Guitars on allegations of illegal wood.

Posted by Anguper Hupomosing9418 2011-10-20 14:11|| 2011-10-20 14:11|| Front Page Top

#5 And not illegal in the US, but illegal in India. But since he is really investigating them for "donating money to Republicans", any excuse will do.

Posted by Anonymoose 2011-10-20 18:00|| 2011-10-20 18:00|| Front Page Top

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