You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #13: There are some big problems with what Tagg claims [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
starroute Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-01-11 11:15 AM
Response to Reply #10
13. There are some big problems with what Tagg claims
See the items I posted above.

First off, if these guys joined Stanford in March 2008 and the scandal only broke in February 2009, that's nearly a year -- not "two months." So I'd like to know more about that discrepancy.

Second, if Solamere recruited almost all of its 11 advisers from former Stanford people, who were the others and how long had they been with Stanford?

Third, there's Bambauer and May's former firm, Morgan Keegan, which was running its own fraud involving bond funds "that lost approximately $1.5 billion in value between March 31, 2007, and March 31, 2008." Could that have anything to do with Bambauer and May's departure in March 2008?

And fourth, I'm just plain curious about Deems May. Former NFL tight ends are not generally known for their financial acumen. So what was his role as an "adviser"? Window-dressing for the marks? Inquiring minds want to know.

Printer Friendly | Permalink |  | Top
 

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC