Posted on 04/11/2016 3:19:59 PM PDT by dragnet2
The special inspector general for the TARP bailout, said that "Goldman took $10 billion in TARP bailout funds knowing that it had fraudulently misrepresented to investors the quality of residential mortgages bundled into mortgage-backed securities.
(Excerpt) Read more at washingtonexaminer.com ...
Less money for Ted. I guess he is going to have to lean on McConnell’s PAC more now.
Steal 10$billion and return half.
Why is no one in jail?
Ask Heidi and Ted Cruz, blackmailers.
President Trump needs to start RICO proceedings against GS and all of it’s officers and board members, with the end game being the dissolution of the company and the jailing of it’s senior people. It isn’t just Cruze who should be put on the FU subway in Manhattan. I’d like it to be more than that, but I would settle for seeing all of them in the graybar motel.
Are these in default? I did not think so. Wish I had the financial ability to seek out and find lenders who would extend this volume of debt. I bet lil weasel Ted would have no problem funding his snake oil chuck wagon too but to a less extent??
Hanged.
Good point. Americans can be jailed and caged for forgetting to pay an infraction like parking ticket, yet Goldman Sachs is guilty of wide scale fraud on a national level, and not one person is jailed.
They've corrupted our system to the core.
“Are these in default? “
Ok.
In October 1988, Donald Trump threw his wallet into the airline business by purchasing Eastern Air Shuttle, a service that for 27 years had run hourly flights between Boston, New York City and Washington, D.C. For roughly $365 million, Trump got a fleet of 17 Boeing 727s, landing facilities in each of the three cities and the right to paint his name on an airplane. Trump pushed to give the airline the Trump touch, making the previously no-muss, no-fuss shuttle service into a luxury experience. To this end, he added maple-wood veneer to the floors, chrome seat-belt latches and gold-colored bathroom fixtures. But his gamble was a bust. A lack of increased interest from customers (who favored the airline for its convenience not its fancy new look) combined with high pre–Gulf War fuel prices meant the shuttle never turned a profit. The high debt forced Trump to default on his loans, and ownership of the company was turned over to creditors.
http://content.time.com/time/specials/packages/article/0,28804,2068227_2068229_2068223,00.html
I’ve heard similar comments. This reeks like a week old homicide scene.
Goldman Sachs, morals and ethics Satan himself would be proud of.
thanks, I was wishfully thinking in the past tense
Trump Vodka ....
Trump Casinos
Trump Mortgage
Trump the Game
You’re Fired!
1991, Trump’s Taj Mahal in Atlantic City: This was the rare case where Trump himself was on the hook for as much as $900 million. To get out of trouble, the company filed for Chapter 11 bankruptcy, which allowed him to reorganize the debt while the casino remained open. The debacle cost the now-billionaire half his stake in the casino.
•1992, Trump Plaza Hotel in Atlantic City: This time Trump was not personally on the hook, but he had to give up his 49% stake in the hotel as part of its bankruptcy deal. He did stay CEO, but that was in name only as he relinquished his salary and day-to-day operational role.
•2004, Trump Hotels and Casinos Resorts: With his company nearly $2 billion in debt, Trump again used Chapter 11 to reorganize. This time he reduced his stake to around 25% and again gave up control.
•2009, Trump Entertainment Resorts: In his most-recent filing, the latest iteration of the Trump casino business filed for Chapter 11, leading to him resigning from the board and reducing his stake even further.
http://www.fool.com/investing/general/2015/10/10/donald-trumps-4-biggest-failures.aspx
So when is Bawney Fwank going to be indicted for his role in this mess?
“Less money for Ted. I guess he is going to have to lean on McConnell’s PAC more now”
Nah....his wife will get a 400% raise : )
Must be nice to be able to secure loans of that size.
Btw, you can always spot fraudulent smile, like this one right here.
Therrrrrre ya go!
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