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.
8 comments:
Give Farkas a mop, a bucket, lead longjohns and send him into the Japanese nuke plants to do some cleanup. Probably the most helpful constructive thing he would've done in his whole rotten existence.
He should get a life sentence. I'll bet he gets more like 12-14 years, and is paroled well before serving that.
I'll bet he only get 2 or 3 years.
I love tokens. So many games of Gauntlet back in the old days.
Prison is too good for fuckers like that, why should we pay to house them? That's just screwing us even more.
TOO FUCKING BIG TO FUCKING FAIL BABY!
I was going to say small potatoes but i/2 billion is not small potatoes with tarp. I wish they would go after the big firms though.
I'm more than ready for some Russian or Chinese justice for these financial crooks.
Farkas exploited that leverage, telling a colleague: "If I owe you $100, I have a problem. If I owe you $1 million, you have a problem."
TOO BIG TO FUCKING FAIL
(in a nutshell)
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