On Sunday, July 20, 2014 11:43:55 AM UTC-4, jon_banquer wrote:
On Sunday, July 20, 2014 4:37:17 AM UTC-7, wrote:

jon_banquer wrote:

http://tinyurl.com/k9kd2hp

Interesting article. However, the article is inaccurate

in its speculation that bank depositors will end

up paying the bill for the follies of big investment banks.


Under current law that is simply not possible.

America's legal and justice system has TRIED to be mousy and not enforce laws (like the Justice Department wants), but that has failed.

At the since 2008, wrongdoing by billionaires like Rupert Murdoch and in the subprime lending arena with John Paulson and his salesman Fabrice Tourre and others has all come to light.

What would have been normal subprime lending numbers minus their shenanigans is clear. So you sue for the shenanigan subtraction, then everything is closer to back to normal.

Am I wrong, jon ??