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Reply #15: Real money, real crimes [View All]

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Loge23 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 08:17 AM
Response to Reply #3
15. Real money, real crimes
Remember all of those hefty parachute deals with failed CEO's??
Pfizer & Home Depot's ex-Ceo's (Henry McKinnell & Robert Nardelli) received approx $200 Million each to go away!! (link below)
Think of that when you shell out for pharms or hardware!
There were hundreds more like them. Now ex-McCain pitbull Carly Fiorina received an estimated $45M to leave HP. (abcnews link below)
The Lehman thief and the axed heads of Freddie and Fannie aren't begging in the streets today either. Rather, they are in the process of safeguarding whatever they have left, which I'm certain is a whole lot more than you or I will ever see without a Lotto win. And didn't that Enron creep supposedly drop dead (conveniently) in his mountain retreat in Aspen?
Crime pays when the Repukes rule - as long as you're one of them.

And I remember all the stories in the WSJ during the bubble about the punks on WS taking in tens of millions in year-end bonuses and holding lavish parties at the most expensive joints in London, NY, and Paris.

The rest of the money was never there. It was in inflated valuations for real estate that was accepted by the banks as real collateral. That chunk of "money" has vaporized.

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  -Where did the money go? spinbaby  Sep-19-08 07:38 AM   #0 
  - I think the shorts got it!  Joanne98   Sep-19-08 07:39 AM   #1 
  - We have to protect the "Rigged" stock market and it's investors!  remember2000forever   Sep-19-08 07:41 AM   #2 
  - The CEO's and the upper corporate tier got a big chunk.  Phoebe Loosinhouse   Sep-19-08 07:42 AM   #3 
  - Can we get it back?  spinbaby   Sep-19-08 07:52 AM   #8 
  - If there are fraud prosecutions or shareholder lawsuits, some may be recovered.  Phoebe Loosinhouse   Sep-19-08 08:01 AM   #13 
  - Real money, real crimes  Loge23   Sep-19-08 08:17 AM   #15 
  - China and the Sauds mostly..  Virginia Dare   Sep-19-08 07:44 AM   #4 
  - Was the money ever really there?  MrMonk   Sep-19-08 07:46 AM   #5 
  - This is the right answer  tnlurker   Sep-19-08 07:55 AM   #12 
  - China holds a lot of mortgage-backed securities, as well as being biggest exporter of consumer goods  slackmaster   Sep-19-08 07:48 AM   #6 
  - China, Dubai and other countries who own our debt  liberal N proud   Sep-19-08 07:48 AM   #7 
  - If it's debt, then they don't have the money, either.  spinbaby   Sep-19-08 07:53 AM   #9 
     - And we will pay them  slackmaster   Sep-19-08 07:54 AM   #11 
  - It exists, in effect,  edwardlindy   Sep-19-08 07:53 AM   #10 
  - After they were packaged, they were rated.  rucky   Sep-19-08 08:02 AM   #14 

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