And fuck you, Dick (Parsons). You don't want people to vilify bankers, huh? It's more complicated than that? Fair enough. Then let's all agree to support a full, independent investigation into how the house of cards was built, then collapsed, and empower investigators to pursue criminal charges if any actions, by any parties, meet the criteria for fraud. How's that sound? Reasonable?
No need to "vilify" anyone, we'll just, you know, rely on the law and full disclosure. What a concept! And maybe we'll even be able to exonerate many of your close, personal friends.
Down for that, Dick?
No?
Then shut the fuck up with the fact-deprived 'it's complicated, you wouldn't understand' defense--and take that Rockefeller cock out of your mouth before speaking.
What's the difference between Robert Allen Stanford on the one hand and Charles Prince, Jimmy Cayne, Dick Fuld on the other? Prince, Cayne and Fuld were on the right side the Government of The United States and Allen was not, otherwise there is no difference. The line between a legitimate financial institution (such as a bank, brokerage firm, hedge fund, money market fund) and a Ponzi scheme is a fine one at best. Financial genius Bernard Madoff's company is a particularly egregious example of how a seemingly legitimate financial institution could turn out to be a pile of crap, but so is Citibank.
I forgot to include this juicy tidbit from back in November:
Sir Allen Stanford in spotlight over CIA spying row with Venezuela
Sir Allen Stanford, the Texan billionaire who organised the controversial $20 million tournament which split the world of cricket, is now at the centre of an international spying row, it can be revealed.
Thought continued... So Stanford is thought to have been involved with all sorts of bad people... and now Nancy Pelosi is in Rome talking to the Pope. But the Pope is a holy man -- why would he want to talk to someone who was involved with someone involved with bad people?
Let's be honest here. If you had the $250,000+ to invest with Stanford, you should have known there was no such thing as an 8.25% CD today. Do you know what today's average CD rate is in the U.S.?
Come on, guess!
It's 2.22%. If these people really thought they were going to get 600 basis points MORE - for little to no additional risk - then they deserved to lose their money. They were greedy, and lazy - a bad combination. If I can Google CD rates, and realize I am not going to get 3x more return for 0x more risk, and believe me I don't have that kind of dough to invest - then the fools are the ones giving money to Burkle Jr. to throw away on cricket tournament sponsorships and - even worse - flight junkets for congressmen.
Yes, did you know he gave Congressmen flights to the Caribbean?
@FormerEnglishMajor: Totally agree. It's like the folks who invested with Madoff. They were too smart not to know there was something wrong, but they assumed insider trading. And they were cool with that.
Shame on them.
This is so trite I am sorry to repeat it, but it is true. Not sure if Warren Buffet coined it or not.
When the tide goes out, you see who has been swimmimg naked.
@registered: Yes, that was Buffett. It is being proven over and over again, not just with the Ponzi/fraudsters, but even with the supposed-legit "Captains Of Industry" - the Thains, Lewises, O'Neals, Caynes, etc. etc. who supposedly were such geniuses, but - and this is another of my fave quotes:
I am just fuming mad that people who thought they were being so tricky-smart (Madoff investors thinking he was "front-running" and trading in front of his customer's buys & sells; Stanford investors thinking he had secret offshore opportunities to get extra returns) are themselves upset about being scammed.
I am mad because I feel I work like a dog just to do "OK" - and listen, as a family we're doing more than fine, but no extras or anything - while people with hundreds of thousands, or millions, of dollars act like a bunch of drunken sailors. If they can't do anything better with the money than throw it away on the Brooklyn Bridge, then they should give it to charity or to their local shelter.
I have so little empathy for the Stanford people. All their marketing material showed CDs at rates 4-10x that of "real" banks. It made no sense. If someone showed you an apartment that only cost $300/month (6x less than normal), wouldn't you be asking questions? But no, they're offered something 6x more and just think they get that opportunity because they're rich.
04/07/09
So please, watch this brief video if you haven't seen it yet for the full indictment/explanation regarding the whole bailout/economic collapse:
[www.pbs.org]
And fuck you, Dick (Parsons). You don't want people to vilify bankers, huh? It's more complicated than that? Fair enough. Then let's all agree to support a full, independent investigation into how the house of cards was built, then collapsed, and empower investigators to pursue criminal charges if any actions, by any parties, meet the criteria for fraud. How's that sound? Reasonable?
No need to "vilify" anyone, we'll just, you know, rely on the law and full disclosure. What a concept! And maybe we'll even be able to exonerate many of your close, personal friends.
Down for that, Dick?
No?
Then shut the fuck up with the fact-deprived 'it's complicated, you wouldn't understand' defense--and take that Rockefeller cock out of your mouth before speaking.
04/07/09
04/07/09
04/07/09
04/07/09
04/06/09
02/19/09
Sir Allen Stanford in spotlight over CIA spying row with Venezuela
Sir Allen Stanford, the Texan billionaire who organised the controversial $20 million tournament which split the world of cricket, is now at the centre of an international spying row, it can be revealed.
By Patrick Sawer
Last Updated: 4:40PM GMT 09 Nov 2008
[www.telegraph.co.uk]
02/19/09
Isn't this shaping up to be a fun year?
02/19/09
02/19/09
Thought continued... So Stanford is thought to have been involved with all sorts of bad people... and now Nancy Pelosi is in Rome talking to the Pope. But the Pope is a holy man -- why would he want to talk to someone who was involved with someone involved with bad people?
02/19/09
02/19/09
02/18/09
02/18/09
02/17/09
02/17/09
02/17/09
02/17/09
02/17/09
Or the Hathaway shirt guy, sans eyepatch.
02/17/09
Come on, guess!
It's 2.22%. If these people really thought they were going to get 600 basis points MORE - for little to no additional risk - then they deserved to lose their money. They were greedy, and lazy - a bad combination. If I can Google CD rates, and realize I am not going to get 3x more return for 0x more risk, and believe me I don't have that kind of dough to invest - then the fools are the ones giving money to Burkle Jr. to throw away on cricket tournament sponsorships and - even worse - flight junkets for congressmen.
Yes, did you know he gave Congressmen flights to the Caribbean?
[www.bloomberg.com]
Now, I wonder why he wasn't investigated before....
02/17/09
Shame on them.
This is so trite I am sorry to repeat it, but it is true. Not sure if Warren Buffet coined it or not.
When the tide goes out, you see who has been swimmimg naked.
02/17/09
For that valuable comment (seriously), I would like to donate some money to the charity of your choice.
02/17/09
"Don't confuse brains with a bull market".
02/17/09
I am just fuming mad that people who thought they were being so tricky-smart (Madoff investors thinking he was "front-running" and trading in front of his customer's buys & sells; Stanford investors thinking he had secret offshore opportunities to get extra returns) are themselves upset about being scammed.
I am mad because I feel I work like a dog just to do "OK" - and listen, as a family we're doing more than fine, but no extras or anything - while people with hundreds of thousands, or millions, of dollars act like a bunch of drunken sailors. If they can't do anything better with the money than throw it away on the Brooklyn Bridge, then they should give it to charity or to their local shelter.
I have so little empathy for the Stanford people. All their marketing material showed CDs at rates 4-10x that of "real" banks. It made no sense. If someone showed you an apartment that only cost $300/month (6x less than normal), wouldn't you be asking questions? But no, they're offered something 6x more and just think they get that opportunity because they're rich.
02/17/09