A Greedy Banker Called To Task For Dishonesty (Fraud)

7 Responses to “A Greedy Banker Called To Task For Dishonesty (Fraud)”

1. aMan Bloom on June 5th, 2009 2:48 am
   Now, I’m the next to last one to judge someone on physical appearance, but if you take that, the lying eyes, the spam tan, and the story, and what-we-know, and the Bogey movies and the books, and you come to slowly intuit that this is the dreaded underworld of organized criminality, made up of people who find it easier to accumulate more, tax-free, than to work harder, even while they work very diligently (or John Dillingerly, in this case) in the pursuit of greed. Could it be simply that they can also, literally, get a way with murder, and aren’t we dealing with psychoptahs here? Okay, I’ve already gone too far into intuition. But it all makes sense, and nonsense, and is an indictment, too, not only of this man and the others like him, but of a system that encourages such behavior from the aberrant among us.
2. Dusty on June 5th, 2009 10:29 am
   AMan Bloom- Oh hell yeah..it IS an indictment of the entire system.

   But who is going to change it? All politicians are in the pockets of bankers and financial leaders..all except maybe a very small handful..like Dennis Kucinich Russ Feingold. They are the only two I can think of that are not supporters of the top one percenters.
3. Big Fella on June 5th, 2009 11:00 am
   Just as Dusty notes, there are many politicians who are simply climbing careerists, and there are exceptional politicians, who don’t seem to be in it with a primary motivation the lining of their pockets, and while there are bankers out to extract every last dime they can for themselves, there are also many (dare I say, most) bankers who are not about greed, but who understand their fiduciary responsibilities to their shareholders and their customers.

   It’s the rotten apples, like Angelo, who taint the entire barrel, who we need to focus on, and the best way to insure the barrel does not become completely infested, is to identify and weed out the bad apples, and make it obvious that the bad apples will not be allowed to continue to infest themselves upon the good apples.

   The SEC is correct to prosecute Angelo in their civil action, and if appropriate, the Department of Justice should prosecute Angelo in a criminal action. The media are fulfilling their responsibility by reporting this. The public at large also has a responsibility, and that is to send a message to our civil and legal authorities, to all of our elected representatives, that we will not tolerate a continuation of the status quo, in terms of the dubious, avaricious practices of the private financial sector. We need to keep the pressure up to 1) Identify and suitably deal with those who have caused the financial calamity upon us through their personal greed and their philosophy of everything for business growth over moral or human concerns. 2) Create a regulatory, statutory, moral, practical operating environment for business which encourages good behavior and punishes bad behavior. 3) Radically alter the messages from the American media/marketing space and our schools and their curricula to instill a value set based upon scholarship, moral and ethical values, honest work, values that cherish and respect all life and which de-emphasize avarice and acquisition of “stuff”.
4. Dusty on June 5th, 2009 3:54 pm
   The FBI is supposedly investigating Angelo and his boyz. There are over 100 FBI investigations of bankers and financiers with regard to the subprime meltdown.

   Get em all….every last one in prison orange.
5. Fran on June 5th, 2009 10:08 pm
   This guy looks like he is on death’s door. He’s 71 years old. Enron;s Ken Lay was the trailblazer….. scoop up all the money, let the company tank, then croak mid trial so the wife gets to keep the money.

   Maybe he set the money grubbing bastard’s gold standard of how to beat the system???

   Fran´s last blog post..Frozen, Green & Magic ~ Friday Mashup
6. aMan Bloom on June 6th, 2009 3:58 am
   Years ago I claimed that, given the politico-corporate climate, not an honest or decent person could be elected president in any nation-state. HOPEfully, Mr. Obama gives quit-claim to that point-of-view. Let’s see. And, even if one were elected, is it possible to create real CHANGE, or are we already chained to a system that will drag us all down and give, I dunno, utopian anarchy, a chance? Unlikely, you say (not the dragging down, but any chance for utopia). Well, we can’t just watch! And the enemy is still us.
   Fortunately, also years ago, i claimed that GREED was a dis-ease, that it took our ordinary desire to be fed & healthy, and converted it –like cancer does cells– into something egregious. Being disease, it can be cured. HOW, is an easy question; IF is the hard reply.
7. aMan Bloom on June 6th, 2009 4:02 am
   Forgot to include access to longer thoughts… http://synchronicity-scout.blogspot.com/ (just in case anyone’s impressed with these tidbits )

   aMan Bloom´s last blog post..What Happened?

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