| View previous topic :: View next topic |
| Author |
Message |
Naib
Watchman
Joined: 21 May 2004
Posts: 5290
Location: Removed by Neddy
|
 Posted: Wed Aug 28, 2013 7:21 pm Post subject: US bank chief pleads guilty to using bailout cash |
 |
|
http://www.bbc.co.uk/news/business-23859295
| Quote: | A US bank chairman has pleaded guilty to using bailout money given to rescue his firm to buy himself a luxury home.
Darryl Woods used $381,000 (£245,000) of the $1m given to his Mainstreet Bank to buy the Florida waterfront property. |
_________________
The best argument against democracy is a five-minute conversation with the average voter
Great Britain is a republic, with a hereditary president, while the United States is a monarchy with an elective king |
|
| Back to top |
|
 |
Muso
l33t
Joined: 22 Oct 2002
Posts: 686
Location: The Holy city of Honolulu
|
| Posted: Wed Aug 28, 2013 7:22 pm Post subject: |
|
|
What a POS.
_________________
People Of Love
Kindness Evokes Kindness
Peace Emits Positive Energy |
|
| Back to top |
|
|
notageek
Tux's lil' helper
Joined: 05 Jun 2008
Posts: 131
Location: MA, USA
|
| Posted: Wed Aug 28, 2013 7:48 pm Post subject: |
|
|
Ha!
_________________
"Defeat is a state of mind. No one is ever defeated, until defeat has been accepted as a reality." -- Bruce Lee |
|
| Back to top |
|
|
pjp
Administrator
Joined: 16 Apr 2002
Posts: 17202
|
| Posted: Thu Aug 29, 2013 1:12 am Post subject: |
|
|
I don't blame him, I blame the bailout. He should still be prosecuted.
_________________
The whole system has to go. The modern criminal justice system is incompatible with Neuroscience. --Sapolsky |
|
| Back to top |
|
|
o'bogamol
Tux's lil' helper
Joined: 01 Nov 2009
Posts: 90
Location: Detroit, Michigan - The Home of Rock and Roll
|
| Posted: Thu Aug 29, 2013 2:26 am Post subject: |
|
|
He got money from the bail out and quickly injected that money into the faltering real estate sector and you want his head?!
_________________
"History began on July 4,1776. Everything before that was a mistake." -Ron Swanson |
|
| Back to top |
|
|
Muso
l33t
Joined: 22 Oct 2002
Posts: 686
Location: The Holy city of Honolulu
|
| Posted: Thu Aug 29, 2013 2:43 am Post subject: |
|
|
| bogamol wrote: | | He got money from the bail out and quickly injected that money into the faltering real estate sector and you want his head?! |
Valid Point!
_________________
People Of Love
Kindness Evokes Kindness
Peace Emits Positive Energy |
|
| Back to top |
|
|
notageek
Tux's lil' helper
Joined: 05 Jun 2008
Posts: 131
Location: MA, USA
|
| Posted: Thu Aug 29, 2013 2:48 am Post subject: |
|
|
I think something similar happened in the UK but nobody was prosecuted. Was asked to leave however.
_________________
"Defeat is a state of mind. No one is ever defeated, until defeat has been accepted as a reality." -- Bruce Lee |
|
| Back to top |
|
|
tylerwylie
Guru
Joined: 19 Sep 2004
Posts: 458
Location: /US/Georgia
|
| Posted: Tue Feb 25, 2014 2:45 pm Post subject: |
|
|
| From what I can recall as well, there was a lot of arm twisting to get banks that didn't need the bailout, to take bailout money. |
|
| Back to top |
|
|
wildhorse
Tux's lil' helper
Joined: 16 Mar 2006
Posts: 149
Location: Estados Unidos De América
|
| Posted: Tue Feb 25, 2014 3:16 pm Post subject: |
|
|
| They will improson him because he did not complete the paperwork. Otherwise it would have been legal (not to be confused with right). |
|
| Back to top |
|
|
porodzila
Guru
Joined: 22 May 2004
Posts: 307
Location: Terrapin Station
|
| Posted: Wed Feb 26, 2014 1:09 am Post subject: |
|
|
I heard of a $75 million shell of a house that needs to be bought up. 90,000 square feet. Anyone wanna bail me out?
_________________
ubi primum potero, me hinc subduco. |
|
| Back to top |
|
|
Old School
Apprentice
Joined: 20 Nov 2004
Posts: 240
Location: West Bank of the Coast Fork
|
| Posted: Wed Feb 26, 2014 4:16 am Post subject: |
|
|
| porodzila wrote: | | I heard of a $75 million shell of a house that needs to be bought up. 90,000 square feet. Anyone wanna bail me out? |
That depends. Are you too big to fail?
_________________
The further a society drifts from truth, the more it will hate those who speak it.
George Orwell
It just keeps getting better |
|
| Back to top |
|
|
porodzila
Guru
Joined: 22 May 2004
Posts: 307
Location: Terrapin Station
|
| Posted: Wed Feb 26, 2014 10:10 am Post subject: |
|
|
| Old School wrote: | | porodzila wrote: | | I heard of a $75 million shell of a house that needs to be bought up. 90,000 square feet. Anyone wanna bail me out? |
That depends. Are you too big to fail? |
No, I'm too poor for that house!
_________________
ubi primum potero, me hinc subduco. |
|
| Back to top |
|
|
|
Off the Wall
