two key words: hush, money. Highly suspect there has been a LOT of that going around for the past 7 years.
Whether that will have any precedent meaning to Sweeney when she rules, is anyone's guess.
If Sweeney uses precedent to rule on senseless technicalities
** Lamberth: not a tking yet
** Wheeler: should have asked for disgorgement instead
then FF shareholders are truly phalked.
The whole downward trajectory of basic, old fashioned common sense went south when slick got away with the excuse, "What is the meaning of 'is' ".
Fearful: are you saying, also, that the TBTF were not criminally prosecuted b/c public opinion opposed it? I highly doubt that as mpst people are royally pizzed off about the whole "TBTF thing".
On the Th717 site one of the comments posted said FF was given any bailout money. UST simply forced/bullied them into selling senior preferred on the REAL cheap.
Jog: what are your thoughts on the farcical Wheeler ruling that the USG engaged in illegal wrongdoing r.e. AIG and yet handed down NO penalty sentence?
HSBC was merely fined for laundering billions of USD from Mexican drug cartels. How concerned were they about holding proceeds of crime?
"2. AIG won their lawsuit proof the govt wrong"
And what price/penalty is the USG going to have to do for this?
Better put, if joe sixpack is deemed by a federal judge to have engaged in illegal and wrong doing, what is the likelihood he will just walk on it??
#$%$ is the purpose in this judge admitting the wrong doing of the USG and then not handing down a sentence???
Not everyone Ert; some of us , though remaining hopeful, are also willing to be realistic and face the ugly facts that a theft of this size will remain massively covered up at every level, by whatever means necessary to see that is carried out.
And it should not be any different for the stock and profits of a publicly traded company that has been hijacked/stolen by the UST/USG.
All the media does is mouth the company ["official] line just like they did with 9/11.