No one ever heard of this guy or his band or bothered to check up on his paperwork and he gets $11 million from four banks ...
So when do they indict the bankers???
To: Uncle Chip
Sounds like democrats helping democrats
2 posted on
01/04/2014 6:54:23 AM PST by
stockpirate
(It appears good men have decided to do nothing, so evil is prevailing......)
To: Uncle Chip
So when do they indict the bankers???
At some point it became “to big to fail”, so they kept investing.
To: Uncle Chip
Interesting story. What I don't understand is, why is it illegal for Robert Mawhinney to do what the Federals and some cities, counties and states do every day?
Borrow, spend like the kings of old, then borrow more to pay the interest on the first loan. Then repeat over and over and over in perpetuity.
4 posted on
01/04/2014 6:58:56 AM PST by
Tupelo
(I am feeling more like Philip Nolan every day)
To: Uncle Chip
I think the prison boys are really gonna like this pajama boy.
7 posted on
01/04/2014 7:18:50 AM PST by
tennmountainman
(Just Say No To Obamacare)
To: Uncle Chip
This man is less guilty than the bankers that authorized the loans... When do the bankers go on trial? If I was on a jury I’d let him go.
15 posted on
01/04/2014 8:12:50 AM PST by
Neidermeyer
(I used to be disgusted , now I try to be amused.)
To: Uncle Chip
This is the result of the FDIC. If the bankers were personally on the hook for the loss (and the angry customers) this would never happen... One lynch mob and it would all be taken care of. Tax payers, taking it in the shorts.
18 posted on
01/04/2014 9:33:17 AM PST by
IncPen
(When you start talking about what we 'should' have, you've made the case for the Second Amendment)
To: Uncle Chip
Where’s the proper due dilligence on these banks’ part exactly? They should have never given this dude a loan to begin with.
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