Republican fatcats getting rich by deregulation???

[etothepii]

http://news.yahoo.com/s/nm/20090217/bs_nm/us_stanford_3

An investigation this big would have to have started during the Bush administration.

[ipscshooter]

Hahaha.... I interviewed for a general counsel position there a few years back... Bastards didn't hire me. I guess they deserve it, since they obviously haven't been getting the best legal advice...

[RainmakerIII]

Well there you go, thats what Rep. Phil Gramm caused with his deregulation tricks.

[ipscshooter]

ORIGINAL: RainmakerIII

Well there you go, thats what Rep. Phil Gramm caused with his deregulation tricks.

You're going to have to explain that one. Precisely what was deregulated with regard to the products Stanford was selling or with regard to Stanford as a brokerage firm? The allegation, from the article, is that they were making material misrepresentations in connection with the sale of high-yield CD's. Committing fraud is just as illegal now as it has been since the enactment of the Securities Act of 1933 and the Securities and Exchange Act of 1934.

[Alsatian]

ORIGINAL: ipscshooter

You're going to have to explain that one. Precisely what was deregulated with regard to the products Stanford was selling or with regard to Stanford as a brokerage firm? The allegation, from the article, is that they were making material misrepresentations in connection with the sale of high-yield CD's. Committing fraud is just as illegal now as it has been since the enactment of the Securities Act of 1933 and the Securities and Exchange Act of 1934.

ipscshooter: You forget who you are treating with here. RM deals only with non sequitors, inuendo, and unsupported allegations.

[RainmakerIII]

ORIGINAL: ipscshooter

You're going to have to explain that one. Precisely what was deregulated with regard to the products Stanford was selling or with regard to Stanford as a brokerage firm? The allegation, from the article, is that they were making material misrepresentations in connection with the sale of high-yield CD's. Committing fraud is just as illegal now as it has been since the enactment of the Securities Act of 1933 and the Securities and Exchange Act of 1934.

Shees, you will say anything to protect your republican crooks.

[Arthur P]

Since the main thrust of Gramm's deregulation was to keep credit default swaps (CDS) out of the regulatory loop, and Stanford is alleged to be selling fraudulent certificates of deposit (C.D.s) one might be confused by the alphabet soup. CDS vs CDs. Maybe? Or not. [8D]

[ipscshooter]

ORIGINAL: RainmakerIII

Shees, you will say anything to protect your republican crooks.

As per usual. Not responsive.

[burniegoeasily]

ips

He is saying, "you doo doo head. I know you are, what am I. Im rubber, your glue, what ever you say bounces off me and sticks on you. Doo doo head"

[falcon]

Stanford has grounds for defense: "All those Jewish guys were doing it."