The Madoff Ponzi scheme fleeced thousands of investors out of $17 billion. Small change though when it comes to professional criminals. Madoff was small potatoes, only 4800 suckers involved; $13 billion or 75% has been clawed back.
Yes as alluded to in our title we are talking about the elite captains of industry here, those who were responsible for multi billion dollar scams reaching back decades; and yet none have ever seen the inside of a jail cell. How come? They were too big to jail. Oh we must mention, most not all were Democrats.
For instance another example is the implosion of Wachovia Corporation; a once honorable bank that collapsed like a cheap suit during the financial crisis of 2008. They fell on a knife of their own making by taking over World Savings. Shareholders lost $150 billion. Their savior Wells Fargo scooped them up for pennies on the dollar.
A quick glance around the graveyard for other skeletons that stand out finds a tombstone with the name of General Motors, now carrying the nom de guerre, Government Motors. Stockholders of yesteryear can tell you about the company crashing to junk. Billions lost, then the Uncle bailed them out of bankruptcy. No arrests though; guess it was the stupidity of management that caused the hit and run. Forgot to mention, this was a union bailout-most are of the Democrat persuasion.
MF Global was only a blur on the radar screen, but they pulled another scam, mingling customer money with house cash; however, there was no house cash – it burned up a long time ago. And who was the architect of this mini scam? None other than the Democrat paisano named Jon Corzine. Remember him? Corzine denied this, but coughed up $5 million to get off the hook. His bio was a liberal path to success, once the governor of New Jersey, before that he was a Wall Street man, scamming the little guy at Goldman Sachs. MF Global went down faster than the Hindenburg. One of the 12 largest bankruptcies in U.S. history.
This leads us to General Electric, the once iconic company admired by all, including the press, Wall Street and politicians; and run by ruthless captains of industry. Today GE is teetering on the brink of bankruptcy. Share price implosion has wiped out at last count $600,000,000,000; that is 600 billion. The one thing that that got our attention is the decades of growth consistency quarter by quarter, year by year. This was awesome, but as we find out, the chefs were in the kitchen cooking the books. Financial maneuvering taking place on all of the Viking back burners.
However, there is no consolation for long term shareholders – they are taking it on the chin. But no one is being held responsible for this cavalcade of calamities. We wonder why the GE auditors(KMPG) have not been charged; after all they blessed the books throughout the years. Were they in collusion with management?
But last but not least are the previous heads of GE, Jack Welch and Jeffrey Immelt. Why are they untouchable? Are they responsible for committing financial crimes of gigantic proportions? If not, we now know that the “too big to fail, too big to jail” doesn’t apply to the little guy. They always pay the price.
I truly appreciate the information given so freely on this blog, thanks for the good read!
I believe you have made some really fascinating points. Not too many others would actually think about this the direction you just did. I am really impressed that there is so much about this subject that has been revealed and you made it so nicely, with so considerably class. Outstanding one, man! Very wonderful things right here.
What I wouldnt give to have a debate with you about this. You just say so many things that arrive from nowhere that Im fairly sure Id have a fair shot. Your weblog is terrific visually, I mean people wont be bored. But others who can see past the videos and the layout wont be so impressed with your generic understanding of this subject.
Can I make a suggestion? I believe youve obtained something good here. But what should you added a pair links to a page that backs up what youre saying? Or possibly you could give us one thing to look at, one thing that may connect what youre saying to one thing tangible? Only a suggestion. Anyway, in my language, there arent much good source like this.
I was very pleased to find this website.I wanted to thank you for this great read!! I definitely enjoying every little bit of it and I have you super bookmarked to check out new stuff you post. Just found an super site Have you considered promoting your blog? add it to SEO Directory right now 🙂 http://www.links.m106.com
This a great feature. Really Cool. Respect an opportunity to get super stats regarding units blogs and forums, too! I serious like everything about this wundabar artical… Interesting JP TECH ? go toHave you considered promoting your blog? add it to SEO Directory right now 🙂
Weird I just discovered your site by looking for South Park figures on Google. But I cant find any articles on that topic on here?
596145 771127Excellent paintings! This really is the kind of info that should be shared about the internet. Disgrace on Google for now not positioning this publish upper! Come on more than and talk more than with my internet site . Thanks =) 436614
Hi there may I use some of the information here in this post if I provide a link back to your site?
I get read your own article. It’s extremely helpful. We will benefit a great deal from the item. Fluent
Dude, please tell me that youre heading to publish extra. I notice you havent written an additional blog for a while (Im just catching up myself). Your blog is just too important to be missed. Youve obtained so significantly to say, this kind of knowledge about this topic it would be a shame to see this weblog disappear. The internet needs you, man!
590853 614665Hey there! Fantastic post! Please do tell us when we shall see a follow up! 995857
Hey there I am so happy I found your web site, I really found you by mistake, while I was browsing on Google for something else, Anyways I am here now and would just like to say cheers for a incredible post and a all round entertaining blog (I also love the theme/design), I don’t have time to look over it all at the minute but I have bookmarked it and also included your RSS feeds, so when I have time I will be back to read much more, Please do keep up the awesome job.
58869 980900Thank you for your fantastic post! It has long been very insightful. I hope that you will continue sharing your wisdom with us. 742732
composing style along with vivid phrases make individuals readers love reading. I is going to share ones own opinions through my mates.
What I wouldnt give to have a debate with you about this. You just say so many things that come from nowhere that Im quite sure Id have a fair shot. Your blog is great visually, I mean people wont be bored. But others who can see past the videos and the layout wont be so impressed together with your generic understanding of this topic.
This blog site is pretty good. How can I make one like this !
I discovered countless interesting stuff in your weblog particularly its conversation. From the numerous comments on your posts, I guess I am not the only one getting all of the fun here! keep up the good work.
ivermectin 1mg
734443 202232I got what you mean , saved to bookmarks , really decent website. 798368
I would like to thank you for the efforts you have put in writing this website. I’m hoping the same high-grade site post from you in the upcoming as well. Actually your creative writing abilities has encouraged me to get my own website now. Actually the blogging is spreading its wings quickly. Your write up is a good example of it.
That is the proper blog for anybody who needs to search out out about this topic. You notice a lot its almost arduous to argue with you (not that I really would need…HaHa). You positively put a new spin on a topic thats been written about for years. Nice stuff, simply great!Have you considered promoting your blog? add it to SEO Directory right now 🙂 http://www.links.m106.com
Uważaj, żebyś przez nieuwagę nie stworzył czegoś wiekopomnego i na stałe wpisał się w historię indeksów google 🙂
But yeah Many thanks for taking the time to discuss this, I feel strongly about it and in actual fact like learning more on this topic. If doable, as you gain expertise, would you mind updating your blog with more information? It is extremely helpful for me.
Hey, thanks for sharing I always look forward to reading your posts one of the few blogs I still follow!
Why is it I always really feel like you do?