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with or without govt or money, snitching is never smart. loyalty does not always pay off, and is therefore is a risky gambit. but snitching never is worth it, and so, doesn't pay.
thats just for commodities :( would have been fun to watch...
Now all we need are the brownshirts. Oh wait, SEIU is at the ready.
All this is is one more part of the Brn Shrt Brigade.
Check your chillens Puters, and mobile devices, soon they will be ratting you out.......
This wasn't intended to just get the big boys, Camels nose yet further under the tent.
The MOST humorous thing is the TWO Cretins who made the Bill.
"Wall Street firms are bracing themselves for an onslaught of claims"
So that accounting degree will finally pay off..............
Easy. You take the claims and order them by legitimacy. You start out with the most rediculous claims and then run them through the courts. By the time you get to the legitimate ones everybody decided it's all bullshit and you walk. Just front run the judge.
Is Sherron Watkins looking for a job? A Time "Person of the Year" can't get a job?? I can imagine there are plenty of crooks out there that wouldn't want her as an employee, but I have a tough time believing she isn't hirable because of this. Maybe I'm wrong.
Sorry MF,but all that is, is a sop to attorneys who might find an 'ambulance chasing fee' carrot at the end of that stick, otherwise, the only way that part of the law has any teeth is if you form a corporation as an investment vehicle, much like the attorneys now do for medical malpractice claims.
You need to have several million dollars to blow the whistle in order to tough it out in the years that follow the litigation.
Frank and Dodd are really just Barnum and Bailey, redux. Finding a sucker every minute.
Why Chinese Real Estate Bubble Is Bursting
The gov't will make good on a few payouts to show us it is serious about fraud when in fact gov't is part of the problem. So, the criminals offer rewards to turn in other criminals. Ha! The only criminals who will suffer are those which are not playing by the mob rules.
Good luck getting any money.
Staying inside the system and playing along with the crime bosses will earn far greater rewards.
By the way, the title should read: Be Careful On Whom You Snitch
I guess you where beaten up as a kid all of the time when you went to school right? :)
Lets just say that those damn nuns had big rulers for small knuckles, especially when ending a sentence with a preposition.
"Ending a sentence with a preposition is the kind of language up with which I will not put." -- Winston Churchill
Damn! I never realized it, but Jim Sinclair writes like ol' Winston. No wonder I have to read his missives s_l_o_w_l_y and a few times.
Draconian, but they apparently didn't fail to teach the English language.
I can fix that preposition thing: "Be careful who you snitch on, bitchez!"
I would love to travel back in time, but I would have to make that a singular bitch.
Something tells me a priest would have been called to administer The Last Rites.
Maybe not such a good idea...
The truth? The SEC can't handle the truth.
On second thoughts the SEC doesn't want to handle the truth, since it lives in a tranny-porn-glazed virtual world.
"...since it lives in a tranny-porn-glazed virtual world."
Ewwwwww. I don't wanna know.
The WSJ this morning had an article about Japanese men visiting virtual hotels with virtual women.
I gotta wonder how that works out.
You know as well as anyone that Dodd-Frank's only purpose is to give rubes, er "investors" a false sense of security.
The SEC's bounty program was in force as Mozilo looted Countrywide. I personally tried to turn him in in March 2007. The SEC never replied, never even acknowledged receipt of the accusation. Nothing's changed.
Look at the Treasury auctions. 100% fraud. Think the SEC's gonna bust Turbo?
Exactly, there is already an overwhelming amount of criminal evidence. Problem is the prosecutors or rather who they work for
All it takes is one high-profile success, though.
If I worked in one of these places, $500m would make it worth my while to wear a wire to work.
Well, that and knowing that a useless little prick-with-ears like 'Fabulous Fab' is taking it up the chute in a Federal Penitentiary.
What does everyone want to retire for?
I came out of retirement (into a suitable job, of course) because I was bored.
After a certain kind of mental exercise for a working lifetime, it is hard to let go.
Trading stocks even was boring.
Actually, I think Zack has made an excellent suggestion.
If I had a nickel for every time a recording in my possession would have come back to bite the ass of some jerk-off trying to take someone dry from behind without their consent... well let's just say the nickels would be totally unecessary.
And it's really, really easy to wire yourself these days without having to tape a brick to your nutsack...
"standards of evidence are daunting"...yeah, i mean look at what happened with the CTFC and Andrew Maguire.....they watched the dirty deed in action narrated by Maguire.......and still did nothing......and even now, after their inaction has been outed, viewed by millions, horrified everyone involved in the Comex gold and silver markets, literally destroyed the credibility of every regulator within ten miles of the Comex, they still have done nothing.....
and Andrew Maguire was nearly vaporized by a hit and run driver the next day....
in short, this one told us who owns the regulators....
so there's reward for a whistleblower? ah, yes. tell me a new one. like someone is going to collect.
Does anyone else find it odd that there was no follow-up on the MacGuire story... nothing about the person who hit him and was taken into custody and nothing from MacGuire since the hit and run.
Maybe not odd, just a sign of the times.
So they use WikiLeaks as an intermediary, or even ZH.
Agreed . Matt Simmons, IMHO ,met a similar fate for calling out BP 's ( and the govt's ) lies on the oil spill.
She would make millions on the lecture circuit and book-signing events had she been the CRIMINAL, rather than the RAT.
Ask Greenspan, Clinton, et al.
ppffftt... who want's to see that.
But I think that if you could prove that a politician is honest, that this story would be worth millions these days!
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