You're either marty or his stooge. No difference. Let's talk about your idiotic statement that a misdemeanor warrant is not a criminal warrant. hahahahahahahahaha!!!!!!!!!
NEW YORK, Sept 19 (Reuters) - The U.S. government said Bank of America Corp's bid to throw out a jury verdict finding it liable for the sale of questionable loans to Fannie Mae and Freddie Mac before the financial crisis, which led to a $1.27 billion penalty, defies common sense and should be rejected.
In a court filing on Thursday night, the U.S. Department of Justice said evidence at trial showed the bank's Countrywide unit lied to the government-controlled mortgage companies about the quality of loans being sold, as Countrywide emphasized speed and volume at the expense of quality.
It also accused Rebecca Mairone, a former Countrywide official trying to reverse a liability verdict against her, of trying to obscure evidence that showed she knew the loans were suspect, but sold them anyway.
U.S. District Judge Jed Rakoff in Manhattan imposed a $1.27 billion civil penalty against the second-largest U.S. bank in July, nine months after the jury verdict. He also ordered Mairone, the only individual charged, to pay $1 million.
Arguments by the defendants "defy the evidence, the law, and common sense," the government said. "Evidence of defendants' fraud was abundant."
The lawsuit centered on Countrywide's "High Speed Swim Lane" program, also called HSSL or Hustle, which scrapped procedures to weed out bad loans and rewarded staff based on volume. It was created before Bank of America bought Countrywide in July 2008.
The payout by Bank of America is not covered by the Charlotte, North Carolina-based lender's $16.65 billion mortgage settlement last month with federal and state authorities.
Bank of America spokesman Lawrence Grayson declined to comment on the government's filing, while Mairone's lawyer Marc Mukasey rejected its premise.
"The government gets it wrong right from the get-go," Mukasey said in an email. "There was no proof that Rebecca knew even a single loan was not of investment quality nor that she sold any loans knowing as much. Their continued scapegoating of her is heavy handed and frankly, nasty."
The case is U.S. ex rel O'Donnell v. Bank of America Corp et al, U.S. District Court, Southern District of New York, No. 12-01422.
teamy, thanks for the Texas Instruments Mixer reference. This is a good general overview of downconverter technologies and design trade-offs. Unfortunately, it was published in 1999 citing work's prior to 1997. Though some of the matrial is still relevant, it is lacking the quantum leap receiver technology developed in the 2000's and shiping in 2006. The first Energy Transfer Sampling commercial products didn't start shipping until 1996 and the technique wasn't published until 2011 by Alberto Cicalini et al. So this reference is void of the latest technology being used in smart phones today. I wish PV would publish a tutorial like this TI one detailing this revolutionary transceiver technology.
Stop taking unnecessary risks one company has proven resources and has a proven leader at the helm the other has not delivered. MUX is nearing 52 week lows and could easily double from that level SFEG can eaily fall back down below $0.02.
Sentiment: Strong Sell
LOL. What a goober. Go to Google insider transactions and you'll see the same thing. In fact, go to all the tech companies. And guess what - it is at the same time every month. Snh that morons like you haven't figured it out yet. That is their monthly pay.
Yes, there was a trade of 435,500 shares at $1.50 reported just after the close. The good news is that the trade was buyer-initiated becasue it was at the ask.
Sentiment: Strong Buy
How much net sales for per Rx? $126?
If so, "40K Rx per week" means about $5M net sales per week ($260M annually).
Currently, margin is about 63% and Ex is running under $80M annually.
It's going to be a long slog for sure. I believe, however, that we'll get to profitability sooner than later. Take care! Of course, I've reentered at $1.41 so it's a bit different for me.