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To: CorporateStepsister

You seem to be forgetting all the repackaging of shit for resale in tranches, and the collusive rating of same by agencies to name one thing.

If “Wall Streeters” didn’t commit any crimes, why don’t folks like JPM tell the FEDS to pound sand instead of shelling out all the billions in “fines”?


27 posted on 01/10/2014 1:39:03 AM PST by Axenolith (Government blows, and that which governs least, blows least...)
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To: Axenolith

When the AG tries to prosecute individuals, the cases have been falling apart. When they shake down and harass companies, the get “go away” settlements.

That said, there *may* have been as much as about $40 Billion in potential corporate wrongdoing, out of a multi-trillion dollar event - though much of that appears to be questionable too.


30 posted on 01/10/2014 5:27:19 AM PST by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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