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Skilling Saved - Free By 2017
Presented with little comment (as we said it all here 2 months ago):
- *SKILLING SENTENCE REDUCED TO 14 YEARS BY JUDGE
- *SKILLING TO GET OUT OF PRISON IN 2017
It seems 14 is the new 24 - more accounting gimmicks, we presume?
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GIddy up.. looking good old chap - http://hedge.ly/10BdZQf adelson next ?
It's too bad he won't get out until 2017...
Otherwise, Obama would probably appoint him "Business Ethics Czar."
...but let's see who wins in 2016...maybe it will happen anyway.
Goldman might have a spot in the accounting department. He had time to think of all the mistakes he made in cooking the books.
can you cry and laugh at the same time?
it's so fucking funny and so fucking infuriating at the same time, they just rub it in your face, and say drink it bitchez, drink it!
Will no doubt follow Yellen as Fed chair.
I was thinking more along the lines of his filling the Ken Lay Chair in Economics, which is now filled by this guy.
http://economics.missouri.edu/people/haslag.shtml
Gee, that's about the only page on their website that even mentions the position. Wonder why???
WHERE THE FUCK IS JON CORZINE?
Corzine will serve out the last 10 years of Skilling's sentence
Presumably bundling for Hillary 2016.....if he knows what's good for him. Stay useful.....live free!
Silly question.
Corzine is working on his tan on the French Riviera where extradition would take at least four years to complete given indictment. Congress would have to wake up, put Holder on administrative leave, appoint a special prosecutor and indict him. That should take three years in and of itself.
Bottom line is he is hiding until Obama pardons him, which will happen sometime in early January 2017. There are more ways for him to bob and weave for the next four years than you can shake a stick at.
Actually he may be hanging out with Marc Rich in Lausanne doing illegal deals on oil futures while helping Hillary with her cattle trading.
What a disgrace, but sadly this isn't satire. This guy comingled funds KNOWING full well what he was doing. And lets be frank here, he was no wall street brain trust. Any one worth his salt on wall street at least in the old days would know how that trade was going to end. He could have just sucked it up and said oops. But he had to take everyone down with him. Well he has the money to fight wave after wave of government lawyers if they sent them aftr him so they wont. If it was someone else who could not afford to fight they would have had his balls in a knot by now. Just sickening. Where are all of the stories of the poor farmer that had his money at MF? oh thats right... there are none. Karma is real though brotha ,,, and it will get him somehow
>>>Where are all of the stories of the poor farmer that had his money at MF? oh thats right... there are none.<<<
Do some research into Ann Barnhardt. She created a stir when she shut down her futures business to avoid getting torched by the post MF Global tsunami. She gave me the impression that she was quite sharp and honest.
https://www.youtube.com/watch?v=Ig3iQawX5TQ
Uploaded on Jan 8, 2012
Jim Puplava talks to Ann Barnhardt : Going beyond the MF Global collapse, Barnhardt believes that the financial system is at risk, and we are living on borrowed time. She also adds that it's time to go on strike against the big Wall Street firms.
aired on January 4th 2012
Then she got into the business of burning Qurans on YouTube - with pages marked with pieces of bacon. Also impressive - she defended her position well as she torched the pages in a large beaker:
https://www.youtube.com/watch?v=htshvId51UE
Hilsenrath bombed, LIEsman being marched out now.
Fonz that ten year might hit your 2.75 target before the end of the month the way it's going.
It is scary Doc. People in fixed income have gotten beat up really bad. We both know that they can't let rates rise. But I know when next statement comes everyone will want to get out.
If they thought I was nuts about gold they are going to think I am certifiably crazy when I tell them they should start buying bonds.
Can you believe we are above 2.5%?
?I wonder what the fed flinch point is.
2.54%
WTF
Jinx. Knock on wood.
KNOCK ON WOOD "Amii Stewart"
http://www.youtube.com/watch?v=1ztZ7WFo3nw (3:15)
2.54%. Bullish.
we are entering overshoot territory
Or do you think equities prices will go down?
As Doc said. If Equity prices are going to send people into bonds....it has to be an absolute doozy, and it has to happen soon. When next months statements come out the bond floodgates are going to open.
An honest question fonz, why would you recommend bonds at the end of a 30 yr bull market when they are at historic lows and moving up? Are you anticipating additional QE for a short term trade opportunity?
Chubbar I am thinking that over. The reason I would buy them is because rates much higher than here are unacceptable. Kyle Bass 101. So they will hav eto knock them down.
That being said I just spoke to some people I trust, and they went home today long bonds, validating my theory. But threw in the caveat that we should get used to seeing rates go up. Confusing times.
Thanks for replying, I was just wondering. I don't have a dog in that fight.
It's remarkable the fed has let it rise this far and do this much damage. The market is clearly losing faith in Bernank the day trader.
I'm already starting to get pressure from fixed income investors. They are getting some itchy trigger fingers right now...income stream be damned.
A 3% 10yr should coincide spectacularly with the debt ceiling in August with Bernanke absent.
Wait until you start hearing the "R" word in about 6 months and the Bernank cranks the printers up to ludicrous speed.
Too bad the guy was 10 years "ahead of his time". Today, instead of being indicted/tried/convicted/jailed, he'd be getting invitations to be keynote speaker at B-school commencements.
Cooking books the right way.
Waaaaaa????
You be talking Michael Milken. He done his time and sits on 2 plus gigabucks. Runs the Milken Institute. Hangs with Bubba Clinton, Al Gore, Sen Orin Hatch, Steve Wynn and bill Gates. Totally rehabbed. He set the standard. Stole his billions in the late '70s, paid a hndred or so mi$$ion in fines and did a year or two. Now associates with society's finest. Gag. Check out the right hand of his webpage. Gag. Reminds me of Michael Vick, the dog fight coordinator, and the Philadelphia Eagles. Gag.
http://www.mikemilken.com/
whew...I was worried about him a alone in there. Now all the need to do is release Bernie and they can all get together with Corzine to srart up a hedge fund. Martha Stewart can be their chief marketing person.
They can use some experts' help, running a huge Ponzi is hard work, especially when it gets to a stage when the supply of suckers is drying up.
I'm pretty sure they can make do with just the one.
Martha got run down the same way George Zimmerman is being used to take some of the heat off the incompetent Florida state's attorneys.
Martha is to Corzine/Skilling what Jody Arias is to Jack the Ripper, the Columbine and Newton bad actors, and Timothy McVeigh all rolled into one.
That's straight fucked up.
What investment bank just put the yellow ribbon around their old oak tree
LULZ.
Too bad we can only up-arrow once!
10 years ago I might have given a shit about this story, today....not so much
Justice may be blind at the moment, but there is always a verdict during and after the kangaroo courts are finished their dirty work.
in new york you are a fucking criminal if you drink a 20 oz coke or smoke a cigarette outside. but you can fucking collapse a bank and fuck all the stock holders and you retire with MILLIONS of stolen money....only in america....
Not nice to talk about Anthony Mozilo that way... Plus Countrywide was a mortgage origination company until Bank of America bought it.
It's funny the market started rolling over again as soon as this news came out.
Funny... The Ministry of "Justice" just showing who it serves... and it ain't serving "the people".
Dead man walking.
Four more years of ass-rape for the Chief Rape Officer of EnRape.
He was corrupting the other prisoners, so they're letting him out early and sending him to Washington D.C.
Some of his prison associates convicted for forgery would probably make good Federal Reserve employees.
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"Enron's collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered worthless $60 billion in Enron stock."
I hope he lives in terror, every fucking day, that some senior out there, that's living on the street, is gonna do the right thing.
This bastard is gonna live like a king for the rest of his life, with all the money he has squirreled away, too.
We should crowd source/kickstarter a mob-hit.
•J•
V-V
No kidding. He is probably safer in prison. He gets to live the rest of his life looking over his shoulder. Enjoy!
Trust me, no former Enron employee is going to go after Jeff Skilling. It's not like he ruined people's lives down in Houston. Most if not all of those people found a job. I've met 15 people from Enron in my career, they talk about it as if one talks about their crazy college days when they would drink on Thursday nights and play hockey in the dorm rooms.
Ken Lay is smiling in his grave..
He's not dead, played golf with him in Aspen last week ;)
Got to tired of watching him get punked by even the other white-collar (not-smart-enough-to-be-a..) criminals.
14 years and the rest of his life running from the guillotine. He might as well move in with Corzine and prepare for sharing a cell together.
And Corzine is still free.
Un-phuking bereviable!
Proof that the "good 'ol boy" network is alive and well in America. I'm sure all those Grannies the Enron traders laughed about fucking over are real happy with this news. Excuse me, I now have to go puke.
So exactly what kind of prison does a CEO fraudster get then?
it just wasn't good enough to refuse to prosecute those stealing blatantly in full public view, a billion at a time.
Dick Holder just had to go one step further to take fully convicted guilty thieves and let them loose for no good reason at all.
Poor Jeff, even in solitary he's not the smartest guy in the room.
Speaking of crooks where's is Jon Corzine?
The Eat the Rich Crowd on this blog would never want to admit this, but Skilling was going to get a re-trial and win. The gov't fucked up his case so badly that they got him on a hopeless vague interpretation of the honest services law. Yet despite the wrong jury instructions that the trial judge gave to the jury (something that happens a lot in this country, but most people are too illiterate to understand otherwise), a lower appeals court ruled that either way a jury would have convicted him had they been given the correct interpretation of the law. Effectively the govt lied to jurors and then says after the fact it wouldn't have changed what other people would have decided at the time.
And for those of you who don't understand what The honest services laws is, if you skipped out of work early today and your time card says you worked the entire day, a aspiring, young federal prosecutor would love to have a conversation about you serving hard time. It's basically the catch all law that any federal prosecutor uses.
Yeah, Well sometimes justice is served regardless of the strict interpretation of the law. That would be the case in this instance, IMO, the guy is a crook.
I know this will be unpopular, but several years ago I read Skilling's Supreme court appeal.
IMO, he didn't get a fair trial with all of the pre-trial publicity and refusal of a change of venue. Additionally, he didn't come into a position of responsibility until the damage was done.
IMO, the guy that was responsible for the shenanigans at Enron was Ken Lay, but since he died before his trial, Houston's anger was taken out on Schilling.
Accounting was where the issues were. Are you saying he never looked into the history? All accountants would have looked into recent history to know future accounting steps.?
Good for him!
Isn't it wrong to put a guy in prison for using the same (and worse) accounting gimmicks used by the US Treasury, Congress, the CBO, and the Fed?
At least Enron raised (er... stole) capital from someone else, rather than create it out of thin air.
Enron's off balance where a couple billion. The US government's are tens (or hundreds) of trillions of dollars.
Skilling for Fed Chairman! (And Andy Fastow for US Treasury Secretary too)
Skilling was a patsy, a token thrown to the mob so that we can sleep well knowing that our gubmint has us under tender loving care.
It's time all adults just put on their grown-up pants and start operating under the truth that there's no difference between the banking/military/corporate/government/intelligence sectors. They're all the same thing.
WALL OF TEXT:
OK, let's play 20 questions....
When the Mexican bailout occurred and the Russian IMF loans in 1998
happened, where did the money go?
It went from one bank account at a NY Fed member bank to another bank
account at another NY Fed member bank, indeed it appears that the money
never digitally or physically left Wall Street.....
Ok, so lets not talk about money missing from Mexico or Russia, but from the
USA....Money missing from US Treasury, HUD and DOD.....
Who is the US depository for the US Treasury?
NY Fed....that is, Morgan-Chase, Citibank, Bank of New York, Goldman,
etc....
Who handles all the accounts for the HUD servicing?
Morgan-Chase
Who are the primary dealers on the US Treasury auctions?
Morgan-Chase, Citibank, Bank of New York, Goldman
Who are the firms accused on manipulating the gold market by GATA?
Fed, Morgan-Chase, Citibank, Goldman
GATA also says that there appear to be manipulations of the stock market by
the Treasury/Fed...something they call the "plunge protection team." What
dealers are doing that?
Fed, Morgan-Chase, Citibank, Goldman, etc.
Who laundered $3 trillion out of the US gov't? Where did it go? Who got it?
Don't know but it could not have been pulled out without Fed, Morgan-Chase,
Citibank, Goldman knowing how much and where it went....
How did they launder the money offshore?
Don't know...
Who were Enron's big trading partners?
Morgan-Chase, Citibank, Goldman, etc.
Who were Enron's big lenders and investment bankers?
Morgan-Chase, Citibank, Goldman, UBS
How much were Swiss Bank accounts up as of March 2002?
Swiss bank accounts were up by an unexpected $8 trillion in on shore and off
shore accounts
The most sensitive Enron trading records were in Enron On Line. It was just
auctioned. Who were the big bidders?
Morgan-Chase, Citibank, etc.
Who won control of Enron OnLine?
UBS, one of the largest swiss banks
Who is the most recent board member of UBS?
Lawrence Weinback, former Chairman of Arthur Anderson
Other board connections?
Pug Winokur, chairman of Enron's finance committee, is chairman of the
compensation committee of the DynCorp board and has a partner who is on the
DynCorp board with him, Dudley Mecum who is on Citibank's board. Frank
Savage is also a member of Lockheed Martin's board. DynCorp and Lockheed
manage substantial information and accounting/payment systems for the
agencies with missing money and the agencies in charge of enforcement.
Trick Questions:
Enron's reported sales through 2000 represented a five year 57% increase.
Did any of that money flow through Houston or did it just flow around NY Fed
bank accounts and their offshore correspondants?
And did it flow from a NY Fed bank account that said "US Treasury" on it?
How long would it take DynCorp, manager of the PROMIS system for DOJ paid by
the taxpayer, to determine sources and uses of money through the Enron
trading accounts and find and seize all offshore Enron monies?
How long would it take a company like Lockheed and DynCorp to help steal it?
How long would an incoming Bush Administration have to keep Enron afloat
before they banks had all the money trail safely destroyed?
Why has the DOJ allowed Enron time to sell Enron OnLine and time to shred
all their documents and to allow Arthur Anderson time to shred their
documents?
Catherine Austin Fitts
January 25, 2002
i am so fucking tired of this shit.... fuck it, call me whan the shooting starts... assests, gone; equity, gone; trust, gone......
.308.... hopefully enough....
fuck, fuck, fuck, fuck........... goddamit I have had enough...out
Is it wrong to want capital punishment for financial terrorists like these guys?
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