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I'm saying that fraud was systemic during the prelude to the crash as the banks scrambled to unload as many of these CDOs as possible, however possible. It'd b
by jbooth 15y ago
I'm saying that fraud was systemic during the prelude to the crash as the banks scrambled to unload as many of these CDOs as possible, however possible. It'd be near impossible to add up every single case of fraud and bicker over which is really fraud and which is only sort of dishonest, but they definitely unloaded a lot more CDOs than 570 million on their unsuspecting clients.
- yummyfajitas 15y agoUnloading a security you think will go down in value is not fraud, nor is it dishonest. It's merely speculation.
- jbooth 15y agoIf that's all that happened, there wouldn't be any investigation. You know the allegations, you know how much money is at stake. Apply your own fudge factor, mine says they're doing just fine, and if they weren't, they'd call up Geithner and Rubin and it would become fine.
- CWuestefeld 15y agoIf that's all that happened, there wouldn't be any investigation. WOW!!!! Maybe you didn't mean it the way it sounds. But the way I'm reading this, you seem to be saying, "there's no reason for a trial. If you were innocent, the police wouldn't have arrested you". Saying that is a great way to get out jury duty, but it's no way to run a judicial system.