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JP Morgan Chase

'Premeditated Lies'

Ralph Cioffi and Matthew Tannin were accused of encouraging investors to stay in their hedge funds, heavily exposed to subprime mortgages, even as they knew the credit market was in serious trouble.

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time to pay the piper
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#1
Jun 20, 2008
 
How many families did these guys take down? "face up to 20 years"? They give a child with a B.B. gun 12 years min., and these guys are only looking at a max. of 20? When it's all said and done, we will be lucky if they get 5 years jail time in a nice cushy white collar facility. why even waste the tax money investigating, and arresting if they dont met out the punishment equal to the crime? Personally, I would rather lose $124. to a teen with a B.B. gun, then have my entire families well being manipulated, and destroyed.
Jeff H
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#2
Jun 20, 2008
 
time to pay the piper wrote:
How many families did these guys take down? "face up to 20 years"? They give a child with a B.B. gun 12 years min., and these guys are only looking at a max. of 20? When it's all said and done, we will be lucky if they get 5 years jail time in a nice cushy white collar facility. why even waste the tax money investigating, and arresting if they dont met out the punishment equal to the crime? Personally, I would rather lose $124. to a teen with a B.B. gun, then have my entire families well being manipulated, and destroyed.
While I don't totally disagree with you, the investors willingly invested, and should have done better research on their investements. Investing is not without risk. You could lose everything you've invested if you are not careful.
My Opinion
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#3
Jun 20, 2008
 
Jeff H wrote:
<quoted text>
While I don't totally disagree with you, the investors willingly invested, and should have done better research on their investements. Investing is not without risk. You could lose everything you've invested if you are not careful.
Outright lies, and theft are excluded from Due Diligence. Throw the bums away for a long time, and don't stop at making and example out of them, go after all the white collar crooks! White collar crime is still crime, whether with gun or pen.
Joined: Mar 7, 2008
Comments: 126
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#4
Jun 20, 2008
 
'Premeditated Lies'

Opppps, I thought this was a Story about the BUSH Administration!!!!!!!!

My bad.

carry on...
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