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SAT Verbal Comprehension Question Time
A "folk heroish", conscientious, objective and honest jurist gone wild is to a bidetesqueTM, pandering, complicit and conflicted Wall Street sycophant, as Judge Jed Rakoff is to...
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Isn't personal liability part of Sarb-OX? Remember that little Goldman pump...Enron?
You know the one who used the same lobbyist that the Federal Reserve is now using to threaten...sorry I mean "persuade" our political leaders to see it the Federal Reserves way of total unconstitutional market manipulation and privacy?
In response to Roman Numeral IV... section three... part two of subset D...
of the question...the answer is... 4?
That's it..... no more....no more....I feel like I just gave birth
to an accountant.
My answer is any GS employee, I'll say Timmy boy.
er...uh......Tom Cruise ?
NO ?!!!!......damn
bidetesque- trademarked
j'adore.
oui oui, tres bien!
Henry Paulson?
aspirin OD?
Nano watching at it's best.
Didn't do well on the verbal, kept me out of grad school.
Fell into a swirling circular white hole trying to figure out 'bidetesque' (trademarked of course) and ended floating upside down in a tank full of putrified and turgid acronyms.
Are we now ready to equate BIDET == SEC in the latest algo?
Now I'm beginning to understand how the system works. The shareholders have to pay a $50 million fine because an accounting fraud was committed against them!? WTF. The SEC and our Federal Judges (except Rakoff) are there to serve and protect management and the Board of Directors.
You don't seem to have fully grasped accounting. Here's how it works. The "owners" of BAC (the taxpayers) pay a fine to the government (the taxpayers) which enables the Treasury (owned by the Wall Street gangsters) to lend more money to the banks through TARP. Voila - more free taxpayer money for the corrupt oligarchs
Totally agree. I'm assuming the SEC's logic goes something like this: Punish the shareholders for electing a board of directors that isn't ensuring that there are the proper people and controls in place to prevent fraud. We all know how democratic board elections are. Bravo to Rakoff for trying to hold real people accontable, not just faceless "shareholders"
Ooh, analogies were my favorite part, though (as a certified SAT prep instructor) it is my duty to inform you that they no longer grace the SAT verbal section with their collective presence. Apparently a substantial amount of debate surfaced as to whether or not upper-middle class caucasian and asian children possessed superior reasoning skills as a result of their upbringings, thus producing a competitive advantage (that is still, strangely, evidenced by current analogy-free-test scores) relative to their less fortunate classmates. Enough bloviating, however; is the answer Ken Lewis and all those involved with the BoA/Merrill deal?
They are also discovering that smart kids are scoring better than dumb kids. This is obviously an unfair advantage, and they are working on a fix.
I'm with Poindexter on this one.
the answer is that stupid wench running the sec - can't think of the whore's name at the moment
Who is L. Ron Hubbard, Alex?
Keying error
BTW, what ever happened to that 134 billion in treasuries found crossing from italy to switzerland? I guess there are very few people in govt that actually give a shit. Way to go Rakoff.
best explanation is that the 134b in bonds
was madoff moving money into israel and caymen
islands for the cia....something big is going
on - look for columbus day or 9/20 event...
Switzerland??????? Fuck!!!!!!!!! I told that dummy to deliver it to Goldman Sachs. Get me Geithner ASAP.
Ben Bernecke
I thought they were fake?
http://www.nytimes.com/2009/06/26/business/global/26fake.html
that's what the newsfakers wanted you to think
SEC
Rakoff-Madoff. Conicidence? I think not. Rakoff get's to pound BoFA and in exchange Madoff get's to pound Judge Judy and pee on her leg and tell her it's raining.
OMG if that was your "test" question to post...you would only have "Taleb" and some other boring intellectuals posting. They would rearrange MV=PQ and then argue about it. Some other crazy economists would come on and scream about their favorite economist..Milton, Keynes or Mises...lot's of smarts but no "smart ass" so it would be boring:)
Himself
Kudos to Weil for this report. The only way this case realistically settles before Rakoff is BofA offers up some of its own (at a very high level) with some sort of mea culpa-esque but still plausible story - incorporated into the settlement agreement in a manner that makes further investigation inevitable - involving threatening phone calls from a certain Henry Paulson and Ben Bernanke and they throw themselves at the court begging for mercy like the frightened little school girls they are (or soon will be, after the lawyers lay out their grim options.) So it is possible for this chapter of the story to end, but Rakoff's questions ensure that the case will go on, leading to the heads of this conspiracy to commit securities fraud.
You've not heard of Doo-Doo Process, now have you?
I agree. This is the third stellar article that Weil has written. If ZH gives out awards to journalists, Weil should get one IMHO. I submit:
http://www.bloomberg.com/apps/news?pid=20601039&sid=a04oVutXQybk
http://www.bloomberg.com/apps/news?pid=20601039&sid=aDi3gjYfB0h0
He may be the last honest judge since John Sirica
No wrongs committed - it was a typo, ergo, fire the admin assistant and proofreader.
Elly-May...r Clampett-Shapiro...ff?
from the Weil article:
"His name is Robert Chatigny. On Aug. 4, he was assigned a settled complaint the SEC filed that day against General Electric Co. Under the deal, GE agreed to pay $50 million of its shareholders’ money to resolve the agency’s claims that it had committed accounting fraud. The SEC didn’t name any actual people as defendants. We don’t know if it ever will. Chatigny approved the agreement six days later, with no hearing and no questions asked. GE neither admitted nor denied the allegations. "
I'll be the first to admit that I have much more faith in the United States Judiciary than the other two combined. That said, this is an example where a US District Court Judge has failed miserably. No hearing? No questions?
Judge Chatigny....you gotta be phucking kiddin' me.
Also, a side note to President Obama: I like you okay? You're pretty cool and all, ok? I gotta tell you though that Mary Schapiro at the SEC is really making you look like a schmuck. Please get rid of her....now. Like you said at Federal Hall this week, a new law isn't needed to do the right thing. Please follow your own advice.
Are you from the deep south? Jimmy thinks you are undoubtedly a racist.
Answer D: All the above.
Geitner, Summers, Paulson,