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Naib
Advocate
Joined: 21 May 2004
Posts: 4076
Location: Removed by Neddy
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 Posted: Wed Aug 28, 2013 7:21 pm Post subject: US bank chief pleads guilty to using bailout cash |
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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. |
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A free press is the unsleeping guardian of every other right that free men prize; it is the most dangerous foe of tyranny. Where men have the habit of liberty, the Press will continue to be the vigilant guardian of the rights of the ordinary citizen. |
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Muso
l33t
Joined: 22 Oct 2002
Posts: 655
Location: The Holy city of Honolulu
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| Posted: Wed Aug 28, 2013 7:22 pm Post subject: |
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What a POS.
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“If the words 'life, liberty, and the pursuit of happiness" don't include the right to experiment with your own consciousness, then the Declaration of Independence isn't worth the hemp it was written on.” ~ T. McKenna |
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notageek
Tux's lil' helper
Joined: 05 Jun 2008
Posts: 107
Location: Bangalore, India
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| Posted: Wed Aug 28, 2013 7:48 pm Post subject: |
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Ha!
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What looks like a cat, flies like a bat, brays like a donkey, and plays like a monkey? |
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pjp
Administrator
Joined: 16 Apr 2002
Posts: 16090
Location: Colorado
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| Posted: Thu Aug 29, 2013 1:12 am Post subject: |
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I don't blame him, I blame the bailout. He should still be prosecuted.
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lolgov. 'cause where we're going, you don't have civil liberties.
In Loving Memory
1787 - 2008 |
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bogamol
Tux's lil' helper
Joined: 01 Nov 2009
Posts: 84
Location: Detroit, Michigan - The Home of Rock and Roll
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| Posted: Thu Aug 29, 2013 2:26 am Post subject: |
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He got money from the bail out and quickly injected that money into the faltering real estate sector and you want his head?!
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Freedom is the oxygen of the soul. -Moshe Dayan
| Juniper wrote: | | I fail to see the relevance. |
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Muso
l33t
Joined: 22 Oct 2002
Posts: 655
Location: The Holy city of Honolulu
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| Posted: Thu Aug 29, 2013 2:43 am Post subject: |
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| 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!
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“If the words 'life, liberty, and the pursuit of happiness" don't include the right to experiment with your own consciousness, then the Declaration of Independence isn't worth the hemp it was written on.” ~ T. McKenna |
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notageek
Tux's lil' helper
Joined: 05 Jun 2008
Posts: 107
Location: Bangalore, India
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| Posted: Thu Aug 29, 2013 2:48 am Post subject: |
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I think something similar happened in the UK but nobody was prosecuted. Was asked to leave however.
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What looks like a cat, flies like a bat, brays like a donkey, and plays like a monkey? |
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tylerwylie
Guru
Joined: 19 Sep 2004
Posts: 455
Location: /US/Illinois
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| Posted: Tue Feb 25, 2014 2:45 pm Post subject: |
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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.
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| BoneKracker wrote: | | Lemme smang it girl |
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wildhorse
Tux's lil' helper
Joined: 16 Mar 2006
Posts: 148
Location: Estados Unidos De América
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| Posted: Tue Feb 25, 2014 3:16 pm Post subject: |
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| They will improson him because he did not complete the paperwork. Otherwise it would have been legal (not to be confused with right). |
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porodzila
Guru
Joined: 22 May 2004
Posts: 307
Location: Moving on up.
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| Posted: Wed Feb 26, 2014 1:09 am Post subject: |
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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?
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ubi primum potero, me hinc subduco. |
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Old School
Apprentice
Joined: 20 Nov 2004
Posts: 234
Location: The Covered Bridge Capital of Oregon
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| Posted: Wed Feb 26, 2014 4:16 am Post subject: |
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| 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?
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I am not young enough to know everything.
- Oscar Wilde |
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porodzila
Guru
Joined: 22 May 2004
Posts: 307
Location: Moving on up.
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| Posted: Wed Feb 26, 2014 10:10 am Post subject: |
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| 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!
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ubi primum potero, me hinc subduco. |
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