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Naib Watchman


Joined: 21 May 2004 Posts: 5275 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. |
_________________ 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 |
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Muso l33t


Joined: 22 Oct 2002 Posts: 686 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. _________________ People Of Love
Kindness Evokes Kindness
Peace Emits Positive Energy |
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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! _________________ "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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pjp Administrator


Joined: 16 Apr 2002 Posts: 17130
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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. _________________ I can saw a woman in two, but you won't want to look in the box when I'm through.
For my next trick, I'll need a volunteer. |
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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?! _________________ "History began on July 4,1776. Everything before that was a mistake." -Ron Swanson |
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Muso l33t


Joined: 22 Oct 2002 Posts: 686 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! _________________ People Of Love
Kindness Evokes Kindness
Peace Emits Positive Energy |
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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. _________________ "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? _________________ ubi primum potero, me hinc subduco. |
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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? _________________ The further a society drifts from truth, the more it will hate those who speak it.
George Orwell
It just keeps getting better |
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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! _________________ ubi primum potero, me hinc subduco. |
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