Monday, October 18, 2010

Mark Their Words To Use In The Dock

http://market-ticker.org/akcs-www?post=169481

Fix and review, now that's some kind of arrogance isn't it?
And isn't that same kind of attitude exactly what we've seen from all of the "Bad Boys"?
No regret, no remorse at having screwed the Nation into excessive poverty.
They were doing "Gods" work. So they had the right to lie, cheat, and steal. Hell, Congress paved the way for them in rolling out the red carpet of royalties
I guess it's time to ask, just who in the hell is it that they worship?
Because it certainly isn't God.
It's now time for them to get as good as they gave, because what went around has now come back around and the deception that they perpetrated onto this nation is being shown in the full light of day, for crimes they actually are.
There is no fix this time for their crime, except a life behind bars. It's only fitting that they also live out the nightmare sentence that they've imposed upon the rest of the country.
Isn't it time we froze their assets both personally as well as professionally?
Right now it does seem the right thing to do.
How does one deserve let alone justify a bonus benefit, when the realization is out there, that those huge profits are and never were theirs for the taking?

Remember, it is against the law - Sarbanes-Oxley - for a Bank Executive (or any other public company executive) to not know or the falsify any part of their public report.

Of course not one person has been indicted for this since SarBox was passed. Not even Dick Fuld, who said - in public - he was going to "burn the shorts." Nor was Mozilo even though there's a prima-facie case that he knew his company was imploding even as he was appearing on CNBS pumping it.

But Dimon said relating to Foreclosuregate:

JPMorgan Chief Executive Officer Jamie Dimon, 54, faced analysts¡¯ questions about foreclosures on the company¡¯s third- quarter conference call Oct. 13. Dimon said the New York-based lender probably will pay an ¡°incremental¡± sum to review and fix foreclosure documents.

"Fix and review."

Note what's not said - submitting a false affidavit or one where notarization was forged is perjury, a felony. Suborning perjury is also a felony.