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(CNBC)   It's not every day an entire city gets hit with a fraud charge, but then again, not every city is Miami   (cnbc.com) divider line 34
    More: Florida, GAAP, Securities and Exchange Commission  
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10957 clicks; posted to Main » on 22 Jul 2013 at 1:34 AM (38 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



34 Comments   (+0 »)
   
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2013-07-21 11:40:52 PM
Miami saw Detroit and went, "Oh, I can so one up you".
 
2013-07-22 01:42:04 AM
Welcome to
                    www.hollywoodreporter.com
 
2013-07-22 01:42:39 AM
How's that for irony, the NCAA lets Miami get away with murder (metaphorically speaking) and they get walloped instead by the SEC.
 
2013-07-22 01:44:59 AM
All cities do this sort of shiat. It's part and parcel of how Mayors and City Councilmen run things. Legal Schmeagel, we need that new football stadium and my best campaign fundraiser is going to build it.
 
2013-07-22 01:45:52 AM
*glances at tag*

*sigh*


24.media.tumblr.com
 
2013-07-22 01:46:21 AM
Some folk'll never be deported but then again some folk'll, like Miami the city yokells
 
2013-07-22 01:49:48 AM
I would like to believe that people who steal money while wearing freshly pressed shirts and ties go to jail just like people who steal money while wearing ski masks.
 
2013-07-22 01:50:46 AM
A city of 414,000 people with a Republican mayor

/Lets see how this impacts the thread
 
2013-07-22 01:57:53 AM

Deathfrogg: All cities do this sort of shiat. It's part and parcel of how Mayors and City Councilmen run things. Legal Schmeagel, we need that new football stadium and my best campaign fundraiser is going to build it.


In now-bankrupt Stockton, CA it was a baseball stadium. This is from the conclusion of the Grand Jury's report (PDF) "History has shown that when ego takes the place of responsibility, when personal agendas replace actions for the public good, or when silence replaces the community voice, the public is not well served. A Mayor and City Council that prefers to not ask questions or demand complete and accurate information from its management, or to remain uneducated about the intricacies of the city's financial structure and operations can be more easily swayed by staff recommendations that are not in the public's best interest. This observation is not new. It has been brought to the community's attention by past Grand Juries."
 
2013-07-22 02:06:03 AM

Notabunny: I would like to believe that people who steal money while wearing freshly pressed shirts and ties go to jail just like people who steal money while wearing ski masks.


So much I would love for that to happen. Iceland did it and their economy recovered, we didn't arrest the fraudulent bankers and because of that the current drive towards plutocracy continues and expands.
 
2013-07-22 02:11:28 AM

Notabunny: I would like to believe that people who steal money while wearing freshly pressed shirts and ties go to jail just like people who steal money while wearing ski masks.


so would i but reality keeps intruding

It is criminal to steal a purse, daring to steal a fortune, a mark of greatness to steal a crown. The blame diminishes as the guilt increases.
 
2013-07-22 02:13:03 AM
Man, I guess a lot of public sector workers are going to have one crappy retirement with very small or no pensions.  I guess they'll have to start getting the very deep blue plate specials at the Country Bumpkin Buffet.
 
2013-07-22 02:18:02 AM
Yet, the pussies at the SEC are to scared to take on Wall Street.
 
2013-07-22 02:18:41 AM

Notabunny: In now-bankrupt Stockton, CA it was a baseball stadium.


Hey, you know what would be a great idea?  Let's build a baseball stadium situated so that half of the stadium gets to look at a fetid waterway, while the other half gets to stare directly into the sun.
 
2013-07-22 02:19:39 AM
They charged the entire city with fraud?  Why not just Jeffrey Loria?
 
2013-07-22 02:21:48 AM

Notabunny: I would like to believe that people who steal money while wearing freshly pressed shirts and ties go to jail just like people who steal money while wearing ski masks.


I want to believe.
 
2013-07-22 02:29:49 AM

EngineerAU: How's that for irony, the NCAA lets Miami get away with murder (metaphorically speaking) and they get walloped instead by the SEC.


If the university is south of the Mason-Dixon, the NCAA gives a pass.  (Miami, UNC, Alabama)

If the university is north of the Mason-Dixon, or isn't sufficiently "Southern", the NCAA lets forth the Apocalypse on the team and their record(Ohio State, Penn State, USC).
 
2013-07-22 02:45:22 AM

sethstorm: EngineerAU: How's that for irony, the NCAA lets Miami get away with murder (metaphorically speaking) and they get walloped instead by the SEC.

If the university is south of the Mason-Dixon, the NCAA gives a pass.  (Miami, UNC, Alabama)

If the university is north of the Mason-Dixon, or isn't sufficiently "Southern", the NCAA lets forth the Apocalypse on the team and their record(Ohio State, Penn State, USC).


Oregon got off from the Willie Lyles thing with a pretty modest punishment. As a USC alumni, I would say that the school kind of brought down the NCAA hammer on itself with it's arrogant attitude during the investigation.
 
2013-07-22 03:09:38 AM

Yogimus: A city of 414,000 people with a Republican mayor

/Lets see how this impacts the thread


Oh how I wish this story was on Yahoo! to see the comments on there about how only liberals ruin a city and unions.
 
2013-07-22 03:37:14 AM

Harry_Seldon: Yet, the fatcats at the SEC are in bed with Wall Street.


FTFY
 
2013-07-22 03:47:47 AM
Just a city?

The state of New York ripped off Medicaid for $15 billion dollars. Even Congress snapped out of it and took notice.
 
2013-07-22 05:08:53 AM

Gulper Eel: Just a city?

The state of New York ripped off Medicaid for $15 billion dollars. Even Congress snapped out of it and took notice.


New York State: welfare queen.
 
2013-07-22 07:16:00 AM
Was Pitbull involved?
 
2013-07-22 07:40:14 AM
When the city is completely submerged in water, will it really matter?
 
2013-07-22 08:11:55 AM

dletter: Miami saw Detroit and went, "Oh, I can so one up you".


Give Detroit a chance, they'll get charged with it too.  And I do mean the whole city, even the residence will have to be jailed.
 
2013-07-22 08:33:08 AM

boinkingbill: Man, I guess a lot of public sector workers are going to have one crappy retirement with very small or no pensions.  I guess they'll have to start getting the very deep blue plate specials at the Country Bumpkin Buffet.

Morrison's Cafeteria.

/adjusted for SoFla reality

Deathfrogg: All cities do this sort of shiat. It's part and parcel of how Mayors and City Councilmen run things. Legal Schmeagel, we need that new football stadium and my best campaign fundraiser is going to build it.


Miami-Dade is unable to heal itself from this affliction.  I blame The Heat, humidity and the stupidity.
 
2013-07-22 08:45:17 AM

Spartan_Manhandler: Notabunny: In now-bankrupt Stockton, CA it was a baseball stadium.

Hey, you know what would be a great idea?  Let's build a baseball stadium situated so that half of the stadium gets to look at a fetid waterway, while the other half gets to stare directly into the sun.


Just ask the happy citizens of Ogdenville, Brockway, and North Haverbrook
 
2013-07-22 08:56:29 AM

sethstorm: If the university is north of the Mason-Dixon, or isn't sufficiently "Southern", the NCAA lets forth the Apocalypse on the team and their record(Ohio State, Penn State, USC).


USC is a sun-drenched island of white wealth and privilege walled off (literally) from a black ghetto that surrounds it.

How much more southern can you get?
 
2013-07-22 11:01:11 AM
Sounds like someone at the SEC didn't get their hookers and blow stipend.
 
2013-07-22 11:31:22 AM

lack of warmth: dletter: Miami saw Detroit and went, "Oh, I can so one up you".

Give Detroit a chance, they'll get charged with it too.  And I do mean the whole city, even the residence will have to be jailed.


Oh bless your heart.

It would be kind of hard to fool people into believing Detroit should've had a better bond rating than it did.  So just our ex (good riddance) mayor got charged with corruption up and down, but not the city itself.

EngineerAU: How's that for irony, the NCAA lets Miami get away with murder (metaphorically speaking) and they get walloped instead by the SEC.


images1.wikia.nocookie.net
/they have boats?
 
2013-07-22 01:33:43 PM
414,000? They're gonna need a pretty big jail. Either that or wall off the entire city.
 
2013-07-22 04:16:27 PM

MisterRonbo: sethstorm: If the university is north of the Mason-Dixon, or isn't sufficiently "Southern", the NCAA lets forth the Apocalypse on the team and their record(Ohio State, Penn State, USC).

USC is a sun-drenched island of white wealth and privilege walled off (literally) from a black ghetto that surrounds it.

How much more southern can you get?


Rip it out of California and put it in the Bib^W Business Theft Belt(Texas->Carolinas).  Then have the university act like the 13th Amendment never existed(as if it doesn't already do that with the illegals).
 
2013-07-22 07:51:07 PM
Expect to see more of these charges against a few other cities.  Lying about a city's solvency is a standard practice, especially when it comes to pension funds.
 
2013-07-23 10:00:08 AM
These comments about walling of large cities got me thinking.  Unfortuneately, "Snake" Pliskin is Unavailable For Comment.
 
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