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Naib
Watchman
Joined: 21 May 2004
Posts: 5025
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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Muso
l33t
Joined: 22 Oct 2002
Posts: 684
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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notageek
Tux's lil' helper
Joined: 05 Jun 2008
Posts: 131
Location: MA, USA
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| Posted: Wed Aug 28, 2013 7:48 pm Post subject: |
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Ha!
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pjp
Administrator
Joined: 16 Apr 2002
Posts: 16497
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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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o'bogamol
Tux's lil' helper
Joined: 01 Nov 2009
Posts: 90
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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Muso
l33t
Joined: 22 Oct 2002
Posts: 684
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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notageek
Tux's lil' helper
Joined: 05 Jun 2008
Posts: 131
Location: MA, USA
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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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"Defeat is a state of mind. No one is ever defeated, until defeat has been accepted as a reality." -- Bruce Lee |
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tylerwylie
Guru
Joined: 19 Sep 2004
Posts: 458
Location: /US/Georgia
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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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wildhorse
Tux's lil' helper
Joined: 16 Mar 2006
Posts: 149
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: Terrapin Station
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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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Old School
Apprentice
Joined: 20 Nov 2004
Posts: 240
Location: West Bank of the Coast Fork
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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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porodzila
Guru
Joined: 22 May 2004
Posts: 307
Location: Terrapin Station
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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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