I don't understand how this is a civil matter. Either there was fraud or their wasn't. Either the securities were known to have not been what was promised or they were not.
If they didn't know the securities weren't what they promised then did they bet against them? Did they bet against them because they knew something about them contrary to what they told people they sold them to?
I don't understand why this isn't a criminal matter.
How I miss the 1980s. There was more clarity then. The same Adminsitration that deregulated the banks then put a thousand bankers in jail when they misused their new freedoms.
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DeleteA civil settlement?
ReplyDeleteI don't understand how this is a civil matter. Either there was fraud or their wasn't. Either the securities were known to have not been what was promised or they were not.
If they didn't know the securities weren't what they promised then did they bet against them? Did they bet against them because they knew something about them contrary to what they told people they sold them to?
I don't understand why this isn't a criminal matter.
How I miss the 1980s. There was more clarity then. The same Adminsitration that deregulated the banks then put a thousand bankers in jail when they misused their new freedoms.
Today.....
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ReplyDeletegee, all your posts were removed by you....must have been sassy, sorry I missed them.
ReplyDeleteBut of course...nothing ever disappears, now does it.
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