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Dear Unnamed "Significant Financial Institution": The DOJ Has Some Very Bad News For You
Looks like someone didn't pay their annual "cost of conducting criminal business" bribe:
You can expect that before long a significant financial institution will be charged with a felony or be made to plead guilty to a felony
— SDNYnews (@SDNYnews) March 31, 2014
A breakdown in a system requires an overhaul of the system.
— SDNYnews (@SDNYnews) March 31, 2014
When institutions are held to account for institutional failures, then responsible institutions will and do respond.
— SDNYnews (@SDNYnews) March 31, 2014
Fox Business' Charlie Gasparino leaks a hint that it may be, surprise, an HFT firm (not really, considering Goldman is now actively bashing HFT itself and promoting its own-supported IEX exchange, a move that has left many stunned)"
FBN NEWS: US Atty's Manhattan office been eying possible HFT case since at least mid 2013 but is it illegal? more at 128 on @FoxBusiness
— Charles Gasparino (@CGasparino) March 31, 2014
So who is it? And please free Jon Corzine already!
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Jamie Dimond retired right? So then the real question is his whereabouts then?
probably on his own private island sexually assaulting under age slaves.
either way I like the notion, but to think the gesture is nobe and based in the rule of law is probably lunacy.
That being the case, the tweet, if from an official government source strikes me as unprofessional ( again I appreciate the notion ).
Also, in looking at the twitter feed, the guy pictured there needs to get a round of asshole bleach on each eyelid. What the fuck.
https://twitter.com/SDNYnews
Corzine-Weiner 2016. Immunity awaits.
"You can expect that before long a significant financial institution will be charged with a felony or be made to plead guilty to a felony"
Okay... my guess then is that a TBTF will be charged with a felony,
The DOJ will then almost certainly conduct the prosecution in such a manner that could only result in a not guilty verdict and yet Justice has still been served.
They call it a Show Trial! See?
Screw the DOJ. Just send in Max Keiser -
Max Keiser beats Jamie Dimon Banker off his show - http://www.maxkeiser.com/2014/03/get-outta-here-max-keiser-beats-jamie-dimon-bankster/
Does that mean the entire organization will be penalized since companies are individuals now?
OK, which TBTF did not contribute to the Obozo campaign?
If they had any ethics, the SDNY would investigate the Federal Reserve. There is no more economically destructive financial institution than the Fed. But of course both the SDNY and the Fed are part of the same total state, so the Fed is safe.
==> SACKS ???
==> J P & M ???
bribe or tribe?
Whisper rumor that e*trade baby has been taken into custody after a surreal 4 1/2 hour heavily armed standoff with SWAT, where he was heard repeatedly yelling "you'll never take me alive, midget-donkey porn SEC watchers!"
Much better that than have them shred the constitution any more by going after MFGlobal. It's clearly double jeopardy to go bankrupt because your clients' fund vaporize AND THEN get charged with a felony because your clients' funds vaporized.
Fucking ridiculous that press releases now come in the form of Twatter??
Why not just use Teen Magazine?
@fonestar
This Luddite statement coming from Major Bitcoin?
If he is not bringing up Bitcoin then why are you?
He gets an uparrow from me in that his assessment is correct. You get the Downarrow as you cannot agree with the truth which he exposes....because of the messinger...not because of the substance of the truth.
Basing your actions on personalities rather than principles just serves to demonstrate a lack of depth in your thinking and character.
(I was not, and I am not, a Bitcoin proponent.)
Bam... with the right hand. Let me double down on that junk arrow. I'm no Bitcoin bug either, but fonestar has always seemed a bit like Bruce Lee in Fists of Fury... taking on all comers. At once.
Just sayin'.
@Miles Ahead
Geez, don't get carried away with you fantasy there, buddy. Anyway, "Tall Tom" says that you're not supposed to bring personalities into your decision making process, so you should probably discuss that "Tall Tom."
My support was for Tall Tom's to the point right cross.
As for fonestar, I don't know his personality - I'm more results oriented. And you gotta give credit where credit is due: no one has been able to lay a glove on him at least since I've been on here.
Now I know Bruce Lee didn't use gloves, and there's where my analogy starts to unravel. But if I'm not mistaken Kareem Abdul Jabbar did have on some kind of gloves in Game Of Death so maybe I can turn this thing around somehow... give me a moment.
@Miles Ahead
WTF????????
He's visited the canvas one too many times to even be allowed back in the debate ring. And, finally, you do realize that he confused a "tweet" with a press release, don't you? Of course, I expect nothing less embarrassing from fonestar.
Hats off to fonestar, at least he fought his way into Fight Club, and got kick around pretty hard there for awhile..not saying I agree with everything he has to say, but he does have a little grit in him...
@Tall Tom
Are you always this self-righteously bitchy? Maybe the irony of fonestar (or you) using the Internet to complain about the use of new technology is lost on yourself. BTW, dipshits, the twitter message in question is not even a "press release," so shuffle back to the colective hole that you crawled out of.
That's Fucking hilarious coming from you Phonestar, evolution of fiat currency is Da'Bomb.
But the evolution of transmitting information is "Teen Magazine".
Now, Go Fuck yourself with a roll of Bitcoins, you douchbag hypocrite.
+1 for making me laugh
Disclosure, I do not have twitter account, and could care less for the platform and how it's used.
Now, all lines considered, this has to be the dumbest comment on ZH ever.
Bitcoin is evolution of fiat?
Twitter is evolution of transmitting information? Whew... what's the ticker symbol... I need to get me some.
And lastly, you could care less nor do you use it, but care enough to give fonestar a piece of your mind... with extreme prejudice.
Casual medical diagnosis here is the evolution of something else that has been transmitted. In a manner not at all unlike the suggestion re; the "roll of Bitcoins".
That was some bad acting...MAX..just bring in Kimbo Slice. For a couple hundred paper gs per punch..Kimbo will ask your questions via ear microphone instruction to chosen shill. This should be the public trial. Full Idocracy.
Every time theres a lie. Kimbo gets paid.
This will be the best and most viewed pay per view ...IN HISTORY!!! (not to be confused with what really happened)
Ill take my cut in silver.
Silver Bitchez!!
RIPS
We all know it will not be Goldman Sachs. Isn't the DOJ part of the Dept of Treasury? It would be like the DOJ prosecuting itself if they went after Goldman.
"We all know it will not be Goldman Sachs."
Yeah, DAMN IT! I'm getting real tired of that gloating arrogant bald fuck who claims he's "doing God's work".
OR...they will settle for what the DOJ considers an acceptable sum. No due process of law here, folks.
"Internet remembers, guillotine never forgets."
I havent spent much time on twitter. Do all the shills really just sit around a suck eachother off all day? That fox feeds a good place to start a lynching list.
SILVER!!!! FUCK YOU JAMIE DIMON (and reptile fascozionist demons)
RIPS
NO, he has not, and his name is DIMON.
My guess is the firm about to go public with only 1 day of trading losses in the past 1000 or so...
oookkayyy, who didn't pay the bag man Friday?
His name better not be "Putin."
@oklaboy
They may have paid, but with all of the heat coming down on the FIRE sector, somebody's going to have to "take one for the team."
"Did you send out those tweets? Good that should show em, case closed"
AFAIK, there's only one significant financial institution in NYC.
Bankers: "We'll pay almost anything as long as we can say we are admitting to nothing."
Law Enforcement: "Ok." (as they count the cash and take the front row tickets)
Gotta be an early April Fool's joke, right?
Stop picking on Jon Corzine !!
The Obama administration is gonna bitch-slap those HFTs with a $500,000 fine against the billions they've stolen and that will teach them a lesson they'll never forget.
They will be stinging so much from the bitch-slap that they will underwrite the Hillary/2016 campaign.....
yepper, like pregnant football players
http://rare.us/story/male-college-football-players-to-receive-maternity-coverage-under-obamacare/
JT Marlin.
How can someone "be made" to plead guilty?
Threaten their family
ummmm.....that can have the opposite effect actually.
this "family" better not have a name either.
or "be connected to a visceral historical reality."
Talk is cheap. Let's see some fucking handcuffs.
Fuck the handcuffs, roll in the guillotines!
so hungry for banker blood had a dupe post.
lol. Entirely forgiveable.
Are those Presidential Handcuffs?
I will believe it when I see it on the TV because when it's on TV it's real.
Another fucking joke, if the DOJ was going to do anything they would have done it by now.
It's like saying you lost a Boeing 777 and can't find it, everyone knows the score here.
Im hoping for more rustic stuff...wood, rope, and sharpened metal
laughable. guess the checks to the "regulators" are late this month.
unrelated but i think worthy...sorry for thread redirect...carry on after review...
MOSCOW, March 30. /ITAR-TASS/. An action in support of bank Rossiya which has decided to work exclusively with the national currency will take place in Moscow on Sunday.
The Golden Symbol of Russian Rouble installation in front of the bank’s office in Perevedensky pereulok in Moscow will symbolize the rouble’s stability and its backing by the country’s gold reserves, the action’s organizers explained to Itar-Tass.
The action is designed to voice support for the Rossiya bank, which is creating a precedent and can make those who have initiated penalties against Russia to feel sorry about their decision.
The bank’s transition to using exclusively the rouble may prove the Russian currency’s viability and independence in world economy.
“Russia, at its present stage of development, should not be dependent on foreign currencies; its internal resources will make its own economy invulnerable to political wheeler dealers,” the action’s organizers said.
The Russian joint-stock bank, AB Rossiya, decided on Friday that it would work only with the national currency to protect its customers from dishonest actions by foreign financial institutions.
“In order to protect the bank’s customers from dishonest actions by foreign financial institutions AB Rossiya has decided to operate only in the domestic market and exclusively with the national currency of the Russian Federation - the rouble,” AB Rossiya said in a statement released on Friday.
“The bank has already notified some U.S. banks that it is closing its correspondence accounts. Similar notifications have been sent to other foreign financial institutions,” the bank said in its statement.
The VTB chief said that Russia should sell domestic products - from weapons to gas and oil - abroad for roubles and buy foreign goods also for roubles.
“Only then are we going to use the advantages of the rouble being a foreign currency in full measure,” Kostin said, adding that AB Rossiya would form a vital part of the Russian banking system and would closely cooperate with other Russian banks, which would also expand the rouble’s use in settlements. “A new imperative motive has appeared for that now,” the VTB chief stressed."
http://en.itar-tass.com/economy/725832
$242 billion in reverse repos today!!! That's not a typo.
I forecasted this would occur some 2 months ago.
The NY FED can officially be named co-conspirator in aiding and abetting financial institutions and money market funds in window dressing to hide their real balance sheet from unsuspeting investors.
Unusual, a reverse ramp at 3:19:59 your predicting.
Nah, spread out over the next quarter, and then next, and the next, just keep doing until the milk runs dry.
officer! arrest that City!
Whoa! Mad! You got a link to that?
This is where they do that whole, "oh-shit-it's-the-last-day-of-the-quarter-let's-get-some-cash-on-our-books-so-we-don't-look-bankrupt" thing, right?
Wow, they need a quarter-trillion to pretty-up the books? Hot damn.....
It will be like Gangs of New York when Boss Tweed needs to show the masses he is tough on crime so he rounds up a few of the lowest level criminals for public executions.
It was hacked, I guarantee it.
FRBNY?
/s
Good laugh.
you always pay your protection money to the Obama book club
The "significant financial institution" that committed crimes will pay a large fine. The "significant individuals" of the signficant financial institution that committed the crime will get bonuses. Criminality for profit has been institutionalized and it is operating quite smoothly.
https://www.youtube.com/watch?v=xrOek4z32Vg
Hear that, kid with a lemonade stand!?
The world already knows the law doesn't apply to fraud-finance, certainly not enforcement of any uh, laws.
They can't be charged if they are hit by a minivan and thrown 150 feet to their death, or thrown from a rooftop, or murdered with a nail gun. .. or suicide by two gun shots in the back of the head
Or accidentally shoot themselves 23 times with a nail gun.
As da boss before me always warned, watch out for dem magnetic trees and dem loop-dee-loop suicide bullets
Is this the felony where not one person is arrested, nor does a single person do any time in prison...thought so
"No one saw it coming!" about to make headlines again.
Time for another banker "suicide"? There hasn't been one yet this week.
Hmmm...Death By Chocolate hasnt been done yet..
Ohhh it's happen'n man, Obama is hard at work pushing his chocolate Forward........Won't stop till it's pouring out your ears.
"Bendover Ben" or "Ole Yeller" going to be indicted by mistake?
I wonder if this is related to the unusual deaths we've seen recently. As Nicky Santoro said in Casino, "The Boys back home decided to settle the case out of court, so they sent me."
Is anyone here really surprised?...
The beginning of the end was 2008!
In other news, sales of nail guns have skyrocketed in the empire state.
There is a way to fix virtually all of the problems of the world. It is called "NAME and SHAME".
When the US government does something wrong, when bankers do something wrong, police, IRS, NSA, CIA, military, Church, School, EPA, UN, IMF etc. there are always nameless people who have committed the acts many times at the direction of other nameless people.
IMO, it is because these people remain anonymous that they are able to continue their psychopathic and antisocial acts. Their wife, kids, neighbors, pastor, kid's teachers and friends, countryclub buddies do not see the name of the antisocial nameless person in the news NAMED and SHAMED for their acts... whether the acts are technically legal or not.
My guess is that peer pressure would quickly eliminate the antisocial acts if they were NAMED and SHAMED publicly.
Clinton was "shamed" publicly, and look how that's working out.
No, the answer is Rejecting them and their schemes and Retribution via the gallows.
The Four Rs
Rejection: Quit paying, quit obeying , quit playing
Revolution: It is inevitable, so prepare, as they are.
Retribution: Is there really any place for these sociopaths and criminals in a restored civil and Constitutional society?!
Restoration: Restore the Constitutional republic.
I think Jim Willie gets a point if its Deutsche Bank.
My bet is on Oakwood Bank out of Oakwood, TX.
"Free Corzine...to my guillotine."
Evil bankers!
They were even involoved in bringing down the Occupy Movement;
http://www.theguardian.com/commentisfree/2012/dec/29/fbi-coordinated-cra...
Did they bring it down? Or did the establishment just prove that current techniques were a waste of time in a lawless corrupt society, forcing occupy to evolve into something more kinetic.
nostradamus also writes
a very small fine they shall pay
and "did nothing wrong" they shall say
now back to your regularly scheduled pre-election campaign donation shakedown
My bet is that it will not be a significant firm. But that is okay. Once the DOJ gives an inch, the public will taste the blood and demand more. The momentum will start. It will be an epic riot of giving an inch and taking a mile. That is what I hope anyway.
There'll be no momentum. The sheep will taste blood, shit themselves in fear, and run circles in a panic until their government shepherd and it's border collie DHS rounds them up and tells them what to do. That's the reaction the blood provokes in sheep.
Yep, and if we sheep start getting too restless, they'll hold our 401k's hostage. That'll shut us the fuck up real quick.
DOJ????
I think you mean the NY AG.
EDIT: Okay, I see it is the feds local office in NY.
No it won't, that's wishful thinking. Do you really need to see Dimon's picture with Presidential cufflinks again?
Come on mang...
Right, and when they plead guilty to felonies their stock will go up how much, 10% at least?
I think the receptionist who took the intial calls that led to the felony is going to jail.
Wells Fargo
What's the source on this? That twitter account doesn't seem to be very official. I highly doubt that is the DoJ official Twitter acct
Fortress investment group?
Wells Fargo - I agree
https://www.youtube.com/watch?v=uAsV5-Hv-7U
its got to be JP Morgan or BAC - who else?
Too jew to fail.
I had a fortune cookie that said the same thing...
Blame it on China
It's etting close to election time we must find a goat to sacrafice at the alter.
The DOJ Has Some Very Bad News For You"As long as no one goes to jail, we're cool with that,"
said every banker in the world.
phone call to Jon Corzine : "who should we name?" it is all for the 'press' anyways...they were a little slow in the ambassador preference expression... your guidance is appreciated Jon
They'll do it like the drug companies do - make a false subsidiary to plead guilty to the charges, which will spare the parent company any real sanction.
like B of A's "good bank/bad bank" meme? Bad bank's going to bite the dust, while "good bank" survives.
all the TBTF banks are fraudulous institutions, so it does not really matter too much in my book which they slauter on the high altar to make a bloody show case.
Maybe we should #AskJPM?
j/k, this is the hollowest of threats. That Tweet was actually just a polite reminder to one of the TBTF institutions that their bribe is 60 days past due.
When the bribe is 90 days past due they'll do a FB status update instead...
This seems so vague it reads like a fortune cookie.
OMG, one the leaders of the Free Shit Army, aka a bankster outfit, is going to be prosecuted? Give me a fucking break.
Please let it be B of A, The Morgue, or Citi, or Wells, or the vampire squid or... If I could choose only one, I'd love for it to be the vampire squid.
"When institutions are held to account for institutional failures, then responsible institutions will and do respond."
WTF does that mean (interpreted into apologist bankster-speak, please)
Come on people, April Fool's day is almost upon us. SRSLY.
If there is a firm it will be a "significant" 800th place trading desk in Bangladesh with a PO box in New York state.