The Stock Room page 6
(Continued from page 5)
(forcing) of OUR government back in 2008 to help stabilize the financial system; does NO one else find it disgraceful that the people who participated in the fraud get immunity and a 25% payoff for reporting THEIR OWN FRAUD?
If I worked for any major bank or major corporation I would be in my cubicle coming up with schemes to screw over my customers. When the scam amounted into the $billions I would “Whistleblow” >>> get immunity >>> and collect a windfall payoff of 25% of the billions in fraud settlement $’s that I did!
Harvard Business School will soon offer a new course: “Whistleblower 201”. Class syllabus will read:
“Learn how to commit fraud and get a huge payoff with NO consequences!”
REPEAL FinReg & The Whistleblower Law now—the true job & growth killers!
apppro’s take for 12/15/2013 08:30 am EST
Not my words, BUT the truth none the less!
“Ironically the SEC itself reportedly refused to investigate Madoff despite a chartered financial analyst named Harry Markopolos reporting his concerns to the agency for nearly a decade. Markopolos says he came to fear for his life after his claims were repeatedly ignored. So the government had no idea what to do with the evidence it actually had against Madoff, but JPMorgan is still on the hook for not being among the people raising red flags.”
Mon Dec 9, 2013 12:49pm EST
This took a LOT of guts!!
"I think you would be hard-pressed to find any rational regulatory policy that would underlie a $13 billion penalty against shareholders," said SEC member Dan Gallagher, a Republican.
Obamacareless is now TBTF! INSANITY!
Fri, 6 Dec '13 | 7:00 PM ET
Obamacare safety net for insurance companies: Pro Fri, 6 Dec '13 | 7:00 PM ET
Volcker Rule: 1000 Pages of Pure INSANITY, RETRIBUTION & HATE!
Lazard's Gary Parr: Volcker Rule is too complex Wed, 4 Dec '13 | 3:39 PM ET
Dodd-Frank was a poorly written law: Pro Wed, 4 Dec '13 | 3:18 PM ET
UPDATE 1-U.S. SEC likely to vote behind closed doors on Volcker -White
Barry Diller: Idea of settlement is a bad concept Tue, 12 Nov '13 | 8:14 AM ET
apppro’s take for 10/26/2013 08:30 am EST
“The Search for Vengeance!”
These lawsuits and Vendettas against our banking system for something that was NOT their fault, but actually HELPED us out in 2008, MUST END!
If we continue with this Star Trek Sequel: “The Search for Vengeance”, we truly will ALL end up on a dying planet!
The Wall Street Journal
September 26, 2013, 7:20 p.m. ET
Team Obama tries to destroy Jamie Dimon for not toeing their line.
apppro’s take for 09/21/2013 09:30 am EST
Warren Buffett says 1st Amendment is DEAD?
Is that what I am hearing when Warren admits that even he wouldn’t dare saying anything negative about the people down in DC?
FRI 20 SEP 13 | 08:17 AM ET
And the rest of us bitch about dictatorship around the world! Putin is a pussy cat compared to what’s been going on lately in Washington.
apppro’s take for 09/19/2013 07:30 am EST
The Fed & QE! Who was RIGHT AGAIN? That’s right – ME!
From the very day I wrote my “Schrödinger's Cat—Looking inside the Fed’s Box!” back on May 11, 2013 I have been begging everyone to just let the Fed do their job and STOP all the speculation and manipulation. Instead we allowed a few to drive the 10 year Treasury all the way to 3% - virtually doubling the rate from which car loans & home mortgages are based on in as little as 1 month. INSANITY! I have screamed over and over that we have:
“#HFT ETF Rates and NOT Fed Rates”, but no one listened.
Well, I guess Bernanke was, because he even commented yesterday that the quick and unwarranted rise in rates was, “UNWELCOME”!
This “unwelcome” rate increase by #HFT algo’s forced the Fed’s hand and they had NO other choice but NOT to end the ‘Tapering-worm’.
Damn it people, next time listen! We MUST end all this manipulation and gambling, and get back to LONG-term investing: “It’s the Mentality Stupid!”
apppro’s take for 09/16/2013 05:00 pm EST
Don’t Blame the Banks!
Published: Monday, 16 Sep 2013 | 3:47 PM ET
And add to that these 2 videos:
apppro’s take for 09/10/2013 01:00 am EST
“Mad Men” NO “Insane Woman”
01/15/12 I quoted Warren Manifesto - A Primer for Forced Redistribution?
“There is nobody in this country who got rich on his own. Nobody. You built a factory out there, good for you. But, I want to be clear: you moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory and hire someone to protect against this because of the work the rest of us did. Now look, you built a factory and it turned into something terrific or a great idea. God bless. Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.”
The sad fact of the above and the article her Manifesto is linked to, is why this country has made so little progress in the past 5 years.
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