But are some of those snakes are toxic enough to do jail time?
I have this nagging feeling that companies like FirstPlus Financial,Irving, TX; FirstPlus Development,Philadelphia, PA and Rutgers Investment Group Llc Wayne, PA; all of them owned by Associates of Nicky Scarfo and the Gambino Organization may benefit somehow from the ballot cash being doled out by Timothy Geithner.
I wonder if people like Nicky Scarfo and former Bear Stearns CEO and professional gambler James Cayne will be recipients of that bailout cash.
The FBI is on a major hiring spree particularly those with experience in the financial area. But will they get rolling in time to prevent people who I feel had criminal intent in the mortgage derivative investment field from benefiting from bailout cash?
An update:
I think the “bailout rules” are Enron style money laundering. Are there people whose business practices mirror Nicky Scarfo’s and James Cayne’s influencing the Obama Administration because they happen to be among the leadership of US Banking and International Banking?
Can we assume that the plan is to prosecute brown eyed CEO’s for racketeering and give the blue eyed criminal CEO’s billions in taxpayer’s money?
Is the “blue eyed Mafia” controlling the Obama Administration?
http://www.washingtonpost.com/wp-dyn/content/article/2009/04/03/AR2009040303910.html?hpid=topnews
Showing posts with label bailout. Show all posts
Showing posts with label bailout. Show all posts
Friday, April 3, 2009
Saturday, January 31, 2009
Wither the Republicans?
There was once a Republican guy with the kind of tough talk that Steele has in local politics here in Coatesville. But he had a reputation as a drug dealer.
If the Republicans really want to come back they have to shed their reputation as a WASP white collar version of the Bulgarian Mafiya.
They need to go back to the country club Republicans who actually contributed to their community and their country instead of stealing from it. Stealing at an incredibly high level; stealing literally in the Trillions of dollars. So much that we are on the verge of a terrible economic depression.
“New York Times
Charles Blow
January 31, 2009, 12:01 am
Wither the Republicans?
By Charles M. Blow
Election Day exit polls and the American mosaic that turned out for Obama’s inauguration have sent shivers down the backs of many a Republican…
In his opening salvo, Mr. Steele boasted:
“We’re going to bring this party to every corner, to every boardroom, to every neighborhood, to every community. And we’re going to say to friend and foe alike: ‘We want you to be a part of us. We want you to be with us, and for those of you who are going to obstruct, get ready to be knocked over.’ ”
Well bring it on tough guy.”
More at:
http://blow.blogs.nytimes.com/
If the Republicans really want to come back they have to shed their reputation as a WASP white collar version of the Bulgarian Mafiya.
They need to go back to the country club Republicans who actually contributed to their community and their country instead of stealing from it. Stealing at an incredibly high level; stealing literally in the Trillions of dollars. So much that we are on the verge of a terrible economic depression.
“New York Times
Charles Blow
January 31, 2009, 12:01 am
Wither the Republicans?
By Charles M. Blow
Election Day exit polls and the American mosaic that turned out for Obama’s inauguration have sent shivers down the backs of many a Republican…
In his opening salvo, Mr. Steele boasted:
“We’re going to bring this party to every corner, to every boardroom, to every neighborhood, to every community. And we’re going to say to friend and foe alike: ‘We want you to be a part of us. We want you to be with us, and for those of you who are going to obstruct, get ready to be knocked over.’ ”
Well bring it on tough guy.”
More at:
http://blow.blogs.nytimes.com/
Thursday, January 29, 2009
When Nicky Scarfo got into investment banking it should have been a red flag
The content of the New York Times article below outlines one of the reasons that I feel Eric Holder is by several lengths the most important horse in Obama’s stable.
When Nicky Scarfo (the son of Nicodemo "Little Nicky" Scarfo) got into the investment banking / mortgage derivative business it should have been a red flag. The Bush Administration Department of Justice pulled the FBI away from that investigation. They are back on it now.
Some of Scarfo’s companies:
FirstPlus Financial Group Inc, Globalnet Enterprises, Learned Associates of North America and Rutgers Investment, a FirstPlus subsidiary with offices in Wayne, PA.
January 29, 2009
What Red Ink? Wall Street Paid Hefty Bonuses
By BEN WHITE
By almost any measure, 2008 was a complete disaster for Wall Street — except, that is, when the bonuses arrived.
Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York, the now-diminished world capital of capital, collected an estimated $18.4 billion in bonuses for the year.
That was the sixth-largest haul on record, according to a report released Wednesday by the New York State comptroller.
While the payouts paled next to the riches of recent years, Wall Street workers still took home about as much as they did in 2004, when the Dow Jones industrial average was flying above 10,000, on its way to a record high.
Some bankers took home millions last year even as their employers lost billions.
More at:
http://www.nytimes.com/2009/01/29/business/29bonus.html?_r=1&hp
When Nicky Scarfo (the son of Nicodemo "Little Nicky" Scarfo) got into the investment banking / mortgage derivative business it should have been a red flag. The Bush Administration Department of Justice pulled the FBI away from that investigation. They are back on it now.
Some of Scarfo’s companies:
FirstPlus Financial Group Inc, Globalnet Enterprises, Learned Associates of North America and Rutgers Investment, a FirstPlus subsidiary with offices in Wayne, PA.
January 29, 2009
What Red Ink? Wall Street Paid Hefty Bonuses
By BEN WHITE
By almost any measure, 2008 was a complete disaster for Wall Street — except, that is, when the bonuses arrived.
Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York, the now-diminished world capital of capital, collected an estimated $18.4 billion in bonuses for the year.
That was the sixth-largest haul on record, according to a report released Wednesday by the New York State comptroller.
While the payouts paled next to the riches of recent years, Wall Street workers still took home about as much as they did in 2004, when the Dow Jones industrial average was flying above 10,000, on its way to a record high.
Some bankers took home millions last year even as their employers lost billions.
More at:
http://www.nytimes.com/2009/01/29/business/29bonus.html?_r=1&hp
Friday, October 3, 2008
From “Marketplace” American Public Media comes an understandable explanation of how an why we are in a credit crunch.
A complicated debt package uncorked
http://marketplace.publicradio.org/display/web/2008/10/03/cdo/
"Economists are saying collateralized debt obligations are partially to blame for the mortgage crisis. What those are is hard to explain, but Rico Gagliano gives it a try with help from Senior Editor Paddy Hirsch"
http://marketplace.publicradio.org/display/web/2008/10/03/cdo/
"Economists are saying collateralized debt obligations are partially to blame for the mortgage crisis. What those are is hard to explain, but Rico Gagliano gives it a try with help from Senior Editor Paddy Hirsch"
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