Tuesday, April 19, 2011
It's about friggin time
Banking fraudster headed to jail
Want a deal on the Brooklyn Bridge? Then this guy is your man. He made a small fortune by borrowing money from a bank then convincing the bank to use already sold mortgage backed securities to cover the debt. Can you say fraud? I thought you could. And to add insult to injury he almost got away with 1/2 billion in TARP funds to boot. Humm? Wonder if I could interest you in the purchase of the Space Needle?
That's one down and how many more to go? If I have my way I'd give these guys a little Russian justice. Drag a few former Goldman Sacs slimes out and shoot them on the spot. Imagine the damage he did to retirees who thought they were set in their retirements only to find out their savings are gone with the wind. Remember IRAs aren't covered by FDIC.