This page has been archived and commenting is disabled.
Can't Make This Up: Citigroup Fined For Stealing From The Dead
- Finra fines Citigroup Inc over cemeteries
- Finra says Citigroup pays $1.5 million for failures related to scheme to misappropriate millions in trust funds belonging to cemeteries
- Finra says Citigroup pays $750,000 fine, $750,000 disgorged commissions
- Finra says Citigroup does not admit wrongdoing in agreeing to settle
»
- 7784 reads
- Printer-friendly version
- Send to friend
- advertisements -
I guess the Citi never sleeps but I did n't realize it stayed up late for gravedigging.
+1 Awesome
I believe that the government still owns a substantial piece of Citi, so this would also mean that the government is stealing from the dead...which isn't all that unusual because Obama has been angling to bring back the "death tax" for a dead man's assets going through probate.
We're all gravediggers now ;-)
We've all heard the phrase, "if you can't beat em, join em."
With C, the phrase is, "if you can't join em, beat em."
This is probably the wittiest turn of phrase I've ever read, if not the wittiest comment ever made.
"As flies to wanton boys are we to the gods..."
King Lear Act 4, scene 1, 32–37
http://jessescrossroadscafe.blogspot.com/2010/05/obama-skips-presidential-visit-to.html
Jesse
I keep saying the next guy is the "strong" man. He will need to get "tough".Inauguration day 2013 is the start of the big crack down.
That is a crock of shit. That is what they said about Obama. Wake TF up, please. What is described above is criminal, and they are only getting fined? GRAVE ROBBING FOR CHRIST"S SAKE GOD DAMMIT.
If I could smack you through this computer screen, I would. I would mean it in a nice way though. WAKE UP, IT IS ALL FACADE. POTEMKIN JUSTICE, POTEMKIN ELECTIONS.
Please calm down lady,
the law is for commoners. Everyone knows that
@MsC
+1. I was thinking the same thing. If you could steal a billion dollars and pay a million dollar fine, where is the disincentive to rob like crazy. Somewhere in America, a criminal is being sentenced to life for a liquor store hold-up and these asshats walk. UFB.
Please don't calm down. Plenty of time for that after we're dead.
Never compromise! Not even for Armageddon! - Rorschach
Yes baby, there you go. Savor your rage, eat it, and spit it on to the dreaming masses. I cant see you, but I know the vein on your forehead must be the size of a gorillas thumb. Drown in your rage. Dont try to swim; dont try to control it. Just....... slide.
Now that's what I call anger management coaching. That shit gave me an electrical buzz, up the back, out the arms, hell even the nips.
The more I talk, the more I lose it. Intellectualizing is anesthesia too.
Slide.
Shit baby, they've whipped us so bad, we have forgotten how to get pissed and be present with it.
Rage is good; rage is reliable. And if that doesnt work; you can always hit people in the head.
h/t Boris the Blade.
OH BABY
i got to rent this movie†
and.......explore options or is that spreads, perhaps naked shorts. HIGH margins, that is a cute phrase, i like† truly art of the word.
spread
naked
default maybe decouple how about divorce
snatch, that is cute. the c word avoided.
aware of the language, fairly sexual in it's content. i have nothing to do with it. just read and observe†
who knows we now know men engineered the bra for their best interest.
Must... control... fist... of... death... Oh the hell with it
Sadly the following link is misleading. Totally non-lethal.
http://thedilbertstore.com/products/68751-fist-of-death-kit
Her pointy hair looks like a weapon.
i have to break my silence, with hysterical laughter†
Yet it is ok to steal from the living?
Too late. They have already been cleaned out.
I have never understood this statement.
"does not admit wrongdoing in agreeing to settle"
If you don't admit then you are screwing your shareholders by paying a fine you should have never paid. You either admit or you don't and fight.
As much as I agree with you, in the world where banks own not just the government BUT regulators too, this is actually quite normal. Right? Right!
Oh no I agree it's the norm.
Usually it means the prosecutor's budget is too tight to keep on fighting. Not enough payoff politically.
As for the corporation, besides protecting their reputation, this wording discourages follow-on lawsuits.
i should exhume my grandfather and check to be sure his gold tooth isn't missing.
Oh neat! I shall add that to their CV.
I see a George Romero feature in their future.
"Citigroup does not admit wrongdoing in agreeing to settle"
A small under $1.5m fine and no one goes to jail... ever! What is $1m really, perhaps only two or three day's pay to the CEO?
Right? Millionaire caught robbing orphanage, pays $15 fine, does not admit wrongdoing...
Wouldn't expect any less from a Pandit
C up over 5% as investors applaud their creatively ripping off graveyards.
It's Night of the Zombie Banks!!
http://www.youtube.com/watch?v=5gUKvmOEGCU
Hey Tyler, you're bashing one of my calls man!
You should focus on BP! They are evil you know :)
C is a zombie bank so it's no surprise they're messing around with the dead
25 to life for stealing golf clubs but 'admits no
wrong doing' and 'pays a fine' for the suits that
steal for a living.
Apparently it's 'fine' to steal these days... unless you are not politically connected that is...
Kitty,
I am begining to think that there are NO corporations you can trust, at all.
BUY LOCAL BITCHEZ!
Disintermediation, bitches!!!!!!!!!!!!!!
I've been thinking the same thing for years...
The typical Walmart product made in China that sells for @ $10 costs Wally around $1.
Now that same product could be manufactured and provide much needed jobs for around $1.50 to $2 over here... but that would cost Wally .50 to $1 in lost revenue.
If the government is as socialist as the Tea baggers say why doesn't it just use say the delivery mechanism called the Post Office to sell the same American made products directly to the public for say $5? It's a win/win for producers and consumer actually.
If you think that the Chinese government does not assist it manufacturers to compete against the world you are woefully misled.
Why do we always have to take it in the A$$?
I'm with you.
Back here at ClownCo we always try to buy local bitches... but the cops just don't seem to understand... something about 'soliciting'... but these girls clearly aren't lawyers...
define "stealing". I mean, if they don't take it back right away and first need to ask the police if the act you did was stealing, doesn't that mean that "the victim" isn't sure of himself? If he would "steal" it right back, that would mean he would be sure about himself, but then he would also be stealing, so then they are even. So if Robin Hood is stealing from Batman, on should ask himself if it is that bad because Robin and Batman will both use the money for the greater good.
Corporations are psychopathic by their nature as 'people' and are incapable of admitting to or even recognizing 'personal' wrongdoing
i know it's a bit silly to psychologically profile a corporation, yet it is equally silly to consider that a corporation is a person endowed with rights, just like human people
Tyler, whoever you are, you're hilarious.
Mayor Joe Quimby: Can't we end one meeting without digging up a dead body?
Considering that the CEO of FINRA Rick Kantketchem was the former Top Regulator at Citi!!!! Did you expect anything less?
Those fines are pathetic. Penalties are supposed to hurt.
TALES FROM THE JIPPED:
http://williambanzai7.blogspot.com/2010/05/tales-from-jipped.html
Its not even like they're really paying a fine anyway. It just takes a small cut from the profits they'll make by borrowing from the discount window and lending to the government.
how low can you go....i guess for these guys its 6 feet under....
This will obviously require a Stiff penalty...
Stiff, dead and a screwing. NecroBen-I-feel-ya.
Treasury sold a bunch of Citi shares today, apparently.
possible book title, gratis ...
Citicrypt: A haunting story of financial vampires.