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Old 10-19-2011, 04:07 PM
 
Location: NJ
18,665 posts, read 19,977,520 times
Reputation: 7315

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Citigroup to Pay $285 Million to Settle Mortgage-Bond Case - WSJ.com
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Old 10-21-2011, 07:47 AM
 
3,457 posts, read 3,624,868 times
Reputation: 1544
slap on the wrist
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Old 10-21-2011, 01:04 PM
 
Location: West Orange, NJ
12,546 posts, read 21,410,268 times
Reputation: 3730
you don't think they made more than $285M on those scams? cost of doing business....
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Old 10-21-2011, 03:22 PM
 
Location: Lincoln, CA
505 posts, read 1,665,201 times
Reputation: 553
Guess people don't really care because their stock is on the uptick currently.
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Old 10-21-2011, 04:39 PM
 
Location: NJ
18,665 posts, read 19,977,520 times
Reputation: 7315
Of course they made more, but its a hit to quarterly earnings, which is not a slap on the wrist.
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Old 10-27-2011, 10:27 AM
 
2,514 posts, read 1,987,937 times
Reputation: 362
Fraud and no one cares? Who would invest with them now? The Dow is above 12k. Is that the work of the plu8nge protection team? And their stocks are going up.
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Old 10-27-2011, 06:43 PM
 
3,335 posts, read 2,987,291 times
Reputation: 921
Quote:
Originally Posted by newonecoming2 View Post
Fraud and no one cares? Who would invest with them now? The Dow is above 12k. Is that the work of the plu8nge protection team? And their stocks are going up.
Goldman Sachs (Plunge protection team at your service).
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Old 10-28-2011, 01:16 PM
 
2,514 posts, read 1,987,937 times
Reputation: 362
Quote:
Originally Posted by modeerf View Post
Goldman Sachs (Plunge protection team at your service).
Gotta love them don't ya but aren't they engaging in insider trading? I mean knowing that you are going to manipulate the market is insider knowledge. To act on it is insider trading.


Let the market do what it will do and all will be happier in the end.
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Old 10-28-2011, 10:30 PM
 
Location: NJ
18,665 posts, read 19,977,520 times
Reputation: 7315
Although OWS is disorganized, the underlying reason they exist will not dissipate. Many times during US history, WS has been a "victim" of anarchist acts, as populism became fashionable. I do not think it will not recur, and with it , it will become inpossible to get elected w/o acting as an ENEMY of Wall St and the Big Banks. I'm no BHO fan, but when he told WS he was all that was b/w them and the pitchforks, the underlying message at some point in the near future, is spot on. And the next pol better get out of the way of the masses.
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Old 10-29-2011, 05:22 PM
 
Location: Warwick, RI
5,481 posts, read 6,312,397 times
Reputation: 9549
Quote:
And the next pol better get out of the way of the masses.
Oh come on, OWS is not the masses. These OWS groups around the country are a just few thousand unemployed malcontents who are mostly too young to know any better, augmented by some homeless folks, druggies, union thugs and some all around wierdos, and don't even come close to representing the masses. The REAL "masses" in this country are those of us to get up every morning, go to work, make money, pay our mortgages and bills and are generally productive members of society, who don't want nor take anything from anyone else. THESE are the people who make this country the greatest country in the world, not your OWS protesters who want everything given to them for nothing, and not the "one percent" that they want to take it all from.
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