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(The New York Times)   This might shock you, Wall St bankers who stole/lost $1 billion from their clients will likely not face criminal charges. After all, it's only a crime to steal if you're not rich   (dealbook.nytimes.com) divider line 117
    More: Fail, Wall St, indictments  
•       •       •

5290 clicks; posted to Main » on 16 Aug 2012 at 1:32 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-08-16 09:55:26 AM  
Stunning.
 
2012-08-16 09:55:29 AM  
Thank goodness. They need some relief since their taxes are so high.
 
2012-08-16 09:58:27 AM  
voiceofniagara.files.wordpress.com
- feels vilified for choosing membership in the wrong country club
 
2012-08-16 10:07:03 AM  
Another example of the failure of the Obama justice department. First they cover up the murder of a border agent and now they are refusing to prosecute their executive cronies.. Have they no shame?
 
2012-08-16 10:09:35 AM  
or if you steal from the super-rich, like bernie madoff.
 
2012-08-16 10:19:43 AM  

BillCo: Another example of the failure of the Obama justice department. First they cover up the murder of a border agent and now they are refusing to prosecute their executive cronies.. Have they no shame?



I know you like to say stupid reductive shiate to get a rise out of people but I'm sure even you realize that the executive, judicial, and legislative branches and checks and balances were created for a reason.
 
2012-08-16 10:20:11 AM  
Is the Obvious tag broken?
 
2012-08-16 10:24:39 AM  
Clearly the solution to this is to pass more regulations that won't be enforced.
 
2012-08-16 10:28:41 AM  
Here...I'll let Kristen Stewart convey my surprise.

i46.tinypic.com
 
2012-08-16 10:37:57 AM  
Fail This might shock you, Wall St bankers job creators who stole/lost $1 billion from their clients will likely not face criminal charges. After all, it's only a crime to steal if you're not rich

FIFY
 
2012-08-16 10:43:17 AM  
Straight from Jon Corzine's bio on bigthink.com:

As a member of the United States Senate, Corzine co-authored the Sarbanes-Oxley Act, a piece of legislation designed to crack down on corporate malfeasance crafted in the wake of accounting scandals surrounding Enron, Tyco, WorldCom, and other major corporations.
 
2012-08-16 10:58:21 AM  
Just drag them out into the street and beat them to death already. This is a story every week - we farking GET IT, if you're rich you're not going to get punished for your criminal behaviour.
 
2012-08-16 11:16:33 AM  
But don't you dare download a copy of the Hurt Locker!
 
2012-08-16 11:39:44 AM  

BillCo: Another example of the failure of the Obama justice department. First they cover up the murder of a border agent and now they are refusing to prosecute their executive cronies.. Have they no shame?


Do you?
 
2012-08-16 12:05:53 PM  
After 10 months of stitching together evidence on the firm's demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case

Remember this the next time Romney or Ryan tell us all that poor people are lazy and are a drain on society. Rich folks stole BILLIONS of dollars and...nothing will happen to them.

that's something the GOP shills here are going to try and avoid discussing. they'll tap dance around the facts, try and change the subject. blame Obama maybe. But the single unavoidable fact here is that rich people stole billions...and got away with it. lemme say that again: rich people. stole billions. and got away with it. that's the job of the Republican party now: to make sure that nobody notices that the 1% in this country can LITERALLY break the law and nobody will go after them for the crimes they've committed.

sleep well.
 
2012-08-16 12:21:23 PM  

Weaver95: that's something the GOP shills here are going to try and avoid discussing. they'll tap dance around the facts, try and change the subject. blame Obama maybe. But the single unavoidable fact here is that rich people stole billions...and got away with it. lemme say that again: rich people. stole billions. and got away with it. that's the job of the Republican party now: to make sure that nobody notices that the 1% in this country can LITERALLY break the law and nobody will go after them for the crimes they've committed.


But the super rich are our betters! They're rock stars and if they got that way by being born rich and got even richer by destroying lesser lifeforms then that is obviously God's Will. Why do you hate God and His will?
 
2012-08-16 01:34:25 PM  
img525.imageshack.us

Now now, being a rich businessman doesn't ALWAYS help one avoid jail.
 
2012-08-16 01:35:45 PM  

BillCo: Another example of the failure of the Obama justice department. First they cover up the murder of a border agent and now they are refusing to prosecute their executive cronies.. Have they no shame?


Yeah, we need a strong president like Bush, who threw all those bank executives in prison for causing the 2008 financial meltdown and housing collapse.

Or you could just be partisan hack, like you always are. If Obama's DOJ did anything, you'd whine that he was anti-business and that "liberals" are just jealous of success.
 
2012-08-16 01:35:59 PM  
How the f**k does Corzine keep finding ways to keep himself out of jail?

Seriously. How the f**k does Corzine do it?
 
2012-08-16 01:37:46 PM  
And NASA gets to pickpocket the middle class to the tune of $2.5 billion... Cut the hobby departments like science and education; then use the money to create jobs. And people wonder why this country is floating in the crapper.
 
2012-08-16 01:38:17 PM  
If you give your broker $1,000 bucks, he invests it (without lying to you and without being on the take) in some stocks and loses half your money, he has not committed a crime and will not go to jail. This is no different. It's not like Corzine has the money. He made a bad bet and lost.

After 10 months of stitching together evidence on the firm's demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case.
 
2012-08-16 01:38:23 PM  
This might shock you, Wall St clients who lost $1 billion may have to face the consequences of their decisions. After all, it should be someone else's responsibility if you're not rich
 
2012-08-16 01:38:42 PM  
To think that Corizine was a rising star in the Democrat system not too long ago. Now he's just going to fade away and live on an island somewhere.
 
2012-08-16 01:39:18 PM  
Eric Holder FTW
 
2012-08-16 01:39:19 PM  

spentmiles: And NASA gets to pickpocket the middle class to the tune of $2.5 billion... Cut the hobby departments like science and education; then use the money to create jobs. And people wonder why this country is floating in the crapper.


Oh SNAP!!!


/I'd get incised if I didn't get *jokes*
 
2012-08-16 01:39:39 PM  
FTA

investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear

Send them to jail for not stealing?
 
2012-08-16 01:40:58 PM  

spentmiles: And NASA gets to pickpocket the middle class to the tune of $2.5 billion... Cut the hobby departments like science and education; then use the money to create jobs. And people wonder why this country is floating in the crapper.


Listen here, you ignorant, know-nothing jer..... oh. Nicely done, spentmiles - short and sweet.
 
2012-08-16 01:40:58 PM  
And yet here we all sit watching them make off with what used to be ours.

Tea was bought out by Corporations. OWS ignored, mocked, brutalized then forgotten.

Guess what? We, as a nation, really don't care. If we cared, we would do something about it. We have become too wrapped up in our own individual insular tragedies to care about others being screwed, or even being screwed ourselves in the aggregate.

No one is forcing us into serfdom, we are going there willingly.

"Evil men rule when good men do nothing." -- Edmund Burke
 
2012-08-16 01:41:03 PM  
If you don't put their heads on pikes and make an example out of them,
then you are no better than Farrah "I forgive you" Fawcett.
 
2012-08-16 01:41:49 PM  

TomD9938: FTA

investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear

Send them to jail for not stealing?


Theft by poor controls is still theft. Customer money was used to pay company expenses.
 
2012-08-16 01:42:41 PM  

Leeds: How the f**k does Corzine keep finding ways to keep himself out of jail?

Seriously. How the f**k does Corzine do it?


He has the lat/longs on some corpses? I am perplexed as well. :/
 
2012-08-16 01:43:31 PM  
img.photobucket.com
 
2012-08-16 01:43:32 PM  

nmemkha: And yet here we all sit watching them make off with what used to be ours.

Tea was bought out by Corporations. OWS ignored, mocked, brutalized then forgotten.

Guess what? We, as a nation, really don't care. If we cared, we would do something about it. We have become too wrapped up in our own individual insular tragedies to care about others being screwed, or even being screwed ourselves in the aggregate.

No one is forcing us into serfdom, we are going there willingly.

"Evil men rule when good men do nothing." -- Edmund Burke


You first. I don't like being pepper sprayed.
 
2012-08-16 01:44:03 PM  
Because corporations are people damn it.
 
2012-08-16 01:44:40 PM  

spentmiles: And NASA gets to pickpocket the middle class to the tune of $2.5 billion... Cut the hobby departments like science and education; then use the money to create jobs. And people wonder why this country is floating in the crapper.


That'a a joke, right?
 
2012-08-16 01:44:47 PM  

spentmiles: And NASA gets to pickpocket the middle class to the tune of $2.5 billion... Cut the hobby departments like science and education; then use the money to create jobs. And people wonder why this country is floating in the crapper.


I almost bit! Good job.
 
2012-08-16 01:44:59 PM  
Those developments indicate that federal prosecutors do not expect to file criminal charges against the former New Jersey governor. Mr. Corzine has not yet received assurances that he is free from scrutiny, but two rounds of interviews with former employees and a review of thousands of documents have left prosecutors without a case against him, say the people involved in the investigation who spoke on the condition of anonymity.

3.bp.blogspot.com
 
2012-08-16 01:45:06 PM  

ChipNASA: spentmiles: And NASA gets to pickpocket the middle class to the tune of $2.5 billion... Cut the hobby departments like science and education; then use the money to create jobs. And people wonder why this country is floating in the crapper.

Oh SNAP!!! You're an idiot and I hope you get mesothelioma!


Well well well, look who it is, a NASA layabout come to defend his science project! I imagine that's why you're on the payroll. Well, in case you didn't get the memo this morning, the Curiosity Rover is a complete failure! IT HAS NOT FOUND ANY LIFE WHATSOEVER. All that money pissed right down the drain. Now NASA is trying to sell us this, "oh, it was so hard to land it on the Martian surface! come quick and congratulate us!" Yeah, real difficult considering they did it on the moon FORTY YEARS AGO with nothing but slide rules and test pilots with the IQs of chimpanzees. The last good thing you dimwits came up with was that ice cream they sell at the mall. And that also was like two decades ago. You hate capitalism, but you demand our money? I can't wait until the mid-term elections and we vote everyone of you out of the program.
 
2012-08-16 01:45:06 PM  
What about fast and furious,fast and furious,fast and furious,fast and furious, fast and furious,fast and furious,fast and furious........
 
2012-08-16 01:45:33 PM  

spentmiles: And NASA gets to pickpocket the middle class to the tune of $2.5 billion... Cut the hobby departments like science and education; then use the money to create jobs. And people wonder why this country is floating in the crapper.


Lol, fire some people and use their paychecks to hire different people.
 
2012-08-16 01:45:52 PM  
Drubell:
"You first. I don't like being pepper sprayed." -- America
 
2012-08-16 01:45:59 PM  

Drubell: nmemkha: And yet here we all sit watching them make off with what used to be ours.

Tea was bought out by Corporations. OWS ignored, mocked, brutalized then forgotten.

Guess what? We, as a nation, really don't care. If we cared, we would do something about it. We have become too wrapped up in our own individual insular tragedies to care about others being screwed, or even being screwed ourselves in the aggregate.

No one is forcing us into serfdom, we are going there willingly.

"Evil men rule when good men do nothing." -- Edmund Burke

You first. I don't like being pepper sprayed.


This. There must be sufficient will to change things. An individual attempting this will be chewed up. OWS tried, but was still not large enough.

When the will is strong enough, things will change.
 
2012-08-16 01:46:16 PM  

Drubell: nmemkha: And yet here we all sit watching them make off with what used to be ours.

Tea was bought out by Corporations. OWS ignored, mocked, brutalized then forgotten.

Guess what? We, as a nation, really don't care. If we cared, we would do something about it. We have become too wrapped up in our own individual insular tragedies to care about others being screwed, or even being screwed ourselves in the aggregate.

No one is forcing us into serfdom, we are going there willingly.

"Evil men rule when good men do nothing." -- Edmund Burke

You first. I don't like being pepper sprayed.


I think you just found the crux of problem.
 
2012-08-16 01:47:08 PM  

TomD9938: FTA

investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear

Send them to jail for not stealing?


Criminal negligence?
 
2012-08-16 01:47:17 PM  

spentmiles: ChipNASA: spentmiles: And NASA gets to pickpocket the middle class to the tune of $2.5 billion... Cut the hobby departments like science and education; then use the money to create jobs. And people wonder why this country is floating in the crapper.

Oh SNAP!!! You're an idiot and I hope you get mesothelioma!


Well well well, look who it is, a NASA layabout come to defend his science project! I imagine that's why you're on the payroll. Well, in case you didn't get the memo this morning, the Curiosity Rover is a complete failure! IT HAS NOT FOUND ANY LIFE WHATSOEVER. All that money pissed right down the drain. Now NASA is trying to sell us this, "oh, it was so hard to land it on the Martian surface! come quick and congratulate us!" Yeah, real difficult considering they did it on the moon FORTY YEARS AGO with nothing but slide rules and test pilots with the IQs of chimpanzees. The last good thing you dimwits came up with was that ice cream they sell at the mall. And that also was like two decades ago. You hate capitalism, but you demand our money? I can't wait until the mid-term elections and we vote everyone of you out of the program.


* I'm posting this from URANUS......
/;-D
 
2012-08-16 01:47:39 PM  
It's stories like this that make me wonder if all those black guys are right.
 
2012-08-16 01:47:59 PM  

Mugato: spentmiles: And NASA gets to pickpocket the middle class to the tune of $2.5 billion... Cut the hobby departments like science and education; then use the money to create jobs. And people wonder why this country is floating in the crapper.

That'a a joke, right?


What's sad is that there are people who really think this way. And they wonder where the jobs and economic advantages went?

You can't continue to gut education and science funding while expecting to stay on top. The US seems to be the only industrialized nation on Earth to have forgotten this lesson.
 
2012-08-16 01:48:09 PM  
America's Rule #1: If you are rich you can steal with impunity, unless you steal from people richer than you.
 
2012-08-16 01:48:47 PM  

pxlboy: This. There must be sufficient will to change things. An individual attempting this will be chewed up. OWS tried, but was still not large enough.

When the will is strong enough, things will change.


Sorry but that will never happen. Despite the guns nuts' wet dreams of an armed insurgence against the government, if it hasn't happened by now, it's not going to happen. Preseason Football's on tonight.
 
2012-08-16 01:49:45 PM  
Listen. In this world you are either predator or prey.

Don't get between the beast and its meat.
 
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