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chutem 0
weekender***Now it's Goldman Sachs:
online.wsj.com/articles/goldman-sachs-close-to-settling-fhfa-lawsuit-for-more-than-1-billion-1408737438
Every one of these fraudulent deals was initiated by a person and approved by a person, yet no-one is being indicted,
because its not fraud its failure to disclose. when offering a security you must disclose what due diligence you did. if there is a mistake, in this case they were far more risky then expected, you can be held responsible. in this case, they are essentially giving a refund.
thats not fraud. you might not like it. mostly because as you proved with your juvenile attempt at stock valuations earlier, you dont understand finance.
the gov't regulators are well educated professionals. the people at the Fed, Finra and the Sec are not politicians or bumbling bureaucrats. unlike you they understand finance. if they thought it was fraud then it would have been prosecuted as such. it wasnt because it isnt. you dont like it and your mad but that doesnt change the facts.
http://legal-dictionary.thefreedictionary.com/fraud
"A false representation of a matter of fact—whether by words or by conduct, by false or misleading allegations, or by concealment of what should have been disclosed—that deceives and is intended to deceive another so that the individual will act upon it to her or his legal injury."
I'm the first to admit I know "jack" about the subject, but the or by concealment of what should have been disclosed part kind of sounds like it fits.
weekender
ok, to be more clear. i dont believe you are the attorney for the other side. you would not be here discussing it. i could be wrong, but no attorney i know would come to this website and brag about their clients information. i am married to one, just a reminder. and im certain she doesnt discuss her clients personal information on the net with strangers.
This is the problem is this (somewhat pointless) side show. Andy may or may not be what he claims, but he has refused to provide backing for his statements for the reason you suggest here - it would be inappropriate. Unfortunately that makes it non confirmable and therefore somewhat useless.
Now let's back to the main show - Kallend's grandiose and fact less rants about how 2008 happened. Or his complete misstatement of this settlement. He's good enough to write on the subject for Rolling Stone!
Point the fingers everywhere. Including ourselves.
My wife is hotter than your wife.
jdkalou 0
America needs to step up to the plate, it wasn't just one that caused the mess, it was ALL OF US!!!!!!!!!!!!
Amazon 7
lawrocketAnother possibility is that everybody from the bankers to the borrowers to the regulators and the sureties and the politicians just plain fucked up. They all got swept up in the "times are good" situations and all lost their senses.
Point the fingers everywhere. Including ourselves.
And all those people, other than the millions of borrowers who lost everything, and of course lawyers as usual and by design, made huge profits.
The largest transfer of wealth in the history of the world..... from main street to Wall Street and members of the bar.
Amazon
And all those people, other than the millions of borrowers who lost everything, and of course lawyers as usual and by design, made huge profits.
The largest transfer of wealth in the history of the world..... from main street to Wall Street and members of the bar.
Who are "these people?" As noted, many financial companies went out of business. Mine got acquired by assholes and that pushed me out the door (to a happier place) unless I was willing to move to Delaware. It delayed my home purchase by 2 years - a considerable cost. On the up side, that home money that I instead invested paid off very well and enabled me to put 20% down when I find it settled enough with my new job to make the commitment.
And yes, it's unkind to say, but that was funded by people like you who sold at the bottom.
The only sure way to survive a canopy collision is not to have one.
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