Greedy, incompetent, White Boys,responsible for America's Economic mess.

[52ndStreet]

I look at companies like Tyco,WorldCom,Enron, Bear Sterns, Lehman Brothers,
AIG, and the SocGen trader that stole Billions,and what do I see?, I see always a greedy White male stealing hundreds of millions of dollars.
And they receive little to no Punishment.

Why are these Wall street theives always White males, who feel that they have to not only,steal large sums of money,but they destory millions of other
peoples s lives, by their actions in the destruction of these Billion dollar
corporations?.

I was always told as a child, "never put all your eggs in one basket".
Who, in their right mind, would put so much money into "Sub prime" Mortages?!.This whole thing is bordering on gross incompetence by those greedy incompetent White Boys!

 

[Bass v 2.0]

I look at companies like Tyco,WorldCom,Enron, Bear Sterns, Lehman Brothers,
AIG, and the SocGen trader that stole Billions,and what do I see?, I see always a greedy White male stealing hundreds of millions of dollars.
And they receive little to no Punishment.

Why are these Wall street theives always White males, who feel that they have to not only,steal large sums of money,but they destory millions of other
peoples s lives, by their actions in the destruction of these Billion dollar
corporations?.

I was always told as a child, "never put all your eggs in one basket".
Who, in their right mind, would put so much money into "Sub prime" Mortages?!.This whole thing is bordering on gross incompetence by those greedy incompetent White Boys!

its easy to answer, they've been so used to abusing the power that they have for years that it just becomes normal to do such things.

 

[Shogun]

back to the cotton field, sambo!

 

[Mr. President]

Because black guys rob convenient stores and white guys rob wall street Duh

 

[52ndStreet]

Because black guys rob convenient stores and white guys rob wall street Duh

But when the Black guy robs the convenience store, millions don't lose their
jobs, or their 401K retirement money, or their money for their Childrens college education, as is the case when these White boy Wall street con artist
types, steal hundreds of millions dollars.

 

[Shogun]

But when the Black guy robs the convenience store, millions don't lose their
jobs, or their 401K retirement money, or their money for their Childrens college education, as is the case when these White boy Wall street con artist
types, steal hundreds of millions dollars.

right.. i mean, ONLY a store clerk loses their fucking life.. Indeed.. GOOD POINT!

 

[Mr. President]

Absolutely it just raises the insurance rate and puts more money into the hands of the people you are saying are taking the jobs and educational opportunities. Dang the black man is actually the problem

 

[Bass v 2.0]

right.. i mean, ONLY a store clerk loses their fucking life.. Indeed.. GOOD POINT!

Another one of your dumb posts that fail to make any significant point.

 

[Diuretic]

WASPS sting really, really badly.

 

[midcan5]

Now boys let's be nice, like Diogenes finding an honest man of any shade, race, religion, ethnic group, nationality is a tough task. And remember all those grandparents, lol.

Money brings out the worst in all people, even families fall apart over money. But investment funds and banking, with rewards that buy so much, have to be the worst temptation. It is why we need strong regulatory agencies, it is why we need government of the people with checks and balances.

 

[Bootneck]

I look at companies like Tyco,WorldCom,Enron, Bear Sterns, Lehman Brothers,
AIG, and the SocGen trader that stole Billions,and what do I see?, I see always a greedy White male stealing hundreds of millions of dollars.
And they receive little to no Punishment.

Why are these Wall street theives always White males, who feel that they have to not only,steal large sums of money,but they destory millions of other
peoples s lives, by their actions in the destruction of these Billion dollar
corporations?.

I was always told as a child, "never put all your eggs in one basket".
Who, in their right mind, would put so much money into "Sub prime" Mortages?!.This whole thing is bordering on gross incompetence by those greedy incompetent White Boys!

Oh dear! You’ve opened your mouth before engaging brain again!!!

Do you really believe there are no black Americans working on Wall Street. Well here’s some free education for you, numbnuts. There are MANY. Here’s a list of the top 25 blacks in the business. All hold high positions, so I guess you could say that many of those white thieves you mention are actually being supervised and managed by blacks!

By not knowing your facts, you prove beyond doubt that you are nothing more than a bigoted racist Not a very intelligent one either.

Top 25 Black Americans on Wall Street

Ronald E. Blaylock
BLAYLOCK & PARTNERS
Ronald Blaylock likens the money game on Wall Street to sports. "It's about competition and winning," says the 36-year-old president and CEO, who hangs the tombstones of his firm's major deals in the hallway leading to the company's trading floor. Like a crafty coach, he looks for anything to inspire his team to greatness.

Lloyd E. Campbell
CS FIRST BOSTON
He can't always tell you what he's working on or who his clients are, but rest assured Lloyd Campbell's working on something big. That's how it is in the world of private finance, where large cap companies and middle market firms ask Campbell to do finance deals they'd rather keep secret. Secret because, "If it becomes known that a firm is restructuring debt, in some cases it could make them a takeover target, or cost them an opportunity to acquire another firm," he explains.

Michelle L. Collins
WILLIAM BLAIR
Fresh in out of school, with degrees from Yale and Harvard business school, Michelle Collins was urged to take the traditional investment banking route: Do a few years in New York, then bail out. More specifically, she recalls being advised to "join a very large firm with a very active EEOC department, because at some point, you're going to get stuck and you're really going to need it."

Patrice M. Daniels
BANKERS TRUST
Patrice Daniels claims that "an accident" led to her career on Wall Street.
It was a chance phone call to a friend at Bankers Trust that resulted in her departure from Hewlett-Packard in 1987, where she was corporate finance manager, to a new job as an associate in Bankers Trust Finance Group. Within weeks, she was using her knowledge of markets and companies to help structure leveraged buyouts--at a time when Drexel Burnham was king. Now, as managing director of BT Securities Corp., she is the senior person on three-to-five person teams structuring LBOs (leveraged buyouts) and high-yield financing deals ranging from $100 million to $1 billion.

Ronald T. Gault
J.P. MORGAN
In 1993, Ron Gault walked away from an eight-year career in municipals at CS First Boston to take on the challenge of helping J.P. Morgan regain its dominant position in the public finance business.

Ernest G. Green
LEHMAN BROTHERS
Ernest Green believes that on Wall Street it's who you know that puts you in a position to use what you know. "You've got to understand the internal workings of the firm you're working for, figure out who the players are and develop a set of strong relationships."

Calvin B. Grigsby
GRIGSBY BRANDFORD
Grigsby's main focus is to raise capital, while Brandford oversees the U.S. investment banking operations. The 70-employee financial advisory firm underwrites, sells and trades preferred stock, U.S. Treasury notes, and other government securities.

James F. Haddon
SMITH BARNEY
At a time when many senior Wall Street executives are easing out of the business, James Haddon, 42, has stepped up the pace. "Wall Street is into results," Haddon says with cool seriousness. "You can: live off of last year's deals."

William Hayden
BEAR, STEARNS
In his role as a senior managing director and co-head of Bear, Stearns public finance department, Hayden resembles an African griot.

Kevin Ingram
DEUTSCHE BANK
Kevin Ingram understands that passion can make a major difference in the upward climb on Wall Street. "I want to be the market expert," says Ingram, 37, with a grin. His passion for displaying his expertise recently led him to turn down the opportunity to head Goldman, Sachs' Treasury Securities and Options Desk,

Milton M. Irvin
SALOMOM BROTHERS
managing director at Salomon Brothers and product manager for U.S. fixed-income short-term securities.

Edward E. Johnson Jr.
MERRILL LYNCH
A country salesman with a beat is a sweet combination, and Edward Johnson, managing director with Merrill Lynch's Corporate Institutional Client Group, doles out just enough sugar to get the deal done.

William M. Lewis Jr.
MORGAN STANLEY
Lewis heads the firm's rapidly growing multibillion dollar real estate business. In addition to serving a global client base of more than 500 large users of real estate capital, Lewis oversees the Morgan Stanley Real Estate Funds, which are among the largest funds of their kind in the world.

William M. Lighten
LEHMAN BROTHERS
As managing director and co-head of the firm's asset-backed securities business, Lighten is in a visible hot seat when it comes to the division's performance.

Raymond J. McGuire
MERRILL LYNCH
Mention the name Ray McGuire to any African American who works on Wall Street and it clicks immediately. Everyone knows him, at least by reputation, and that reputation is sterling.

Rodney M. Miller
CS FIRST BOSTON
Rodney Miller finds life on Wall Street "intellectually stimulating."

Adebayo O. Ogunlesi
CS FIRST BOSTON
Flip a coin and Adebayo Ogunlesi is sure to see the opportunities on both sides of it. A managing director and head of the Global Power and Project Finance Group at CS First Boston, Ogunlesi is relied upon by multinational corporations and governments around the globe to execute complex, multifaceted deals.

E. Stanley O'Neal
MERRILL LYNCH
For Stanley O'Neal, head of Merrill Lynch's Global Capital Markets Group, "Being prepared to seize opportunities when they present themselves is the essence of this business."

J. Derek Penn
LEHMAN BROTHERS
"So many things are coming at you at once," says Penn, who trades French, German and Spanish equities while overseeing 15 other traders of international equities worldwide.

Charles Phillips Jr.
MORGAN STANLEY
My goal is to dominate this business," says Chuck Phillips, 37. "Software and the computer industry in general is always changing and there is no sign of of it slowing down." As principal and senior software analyst at Morgan Stanley, Phillips' job is to identify hot prospects based on exhaustive company research and an amazing grasp of the industry.

Stuart A. Taylor II
BANKERS TRUST
managing director at Bankers Trust in Chicago where he heads the Global Automotive Coverage Group. He made his way into investment banking on a fluke, but his success since getting there has been anything but.

Frederick O. Terrell
CS FIRST BOSTON
Terrell, now 41, was named managing director in 1993. Today, he co-heads a growing team of 20 in the principal transactions area within First Boston's Structured Products Group. He focuses primarily on merchant banking opportunities.

John Utendahl
UTENDAHL CAPITAL PARTNERS
CEO and a charismatic, hands-on manager, Utendahl cut his teeth at Salomon Brothers and Merrill Lynch as a top-ranking corporate bond trader.

George L. Van Amson
MORGAN STANLEY
Ask a half dozen investment bankers to name the top three firms on the Street, and you'll get at least four different answers--but Morgan Stanley will be on every list. Ask these bankers to name the top black traders and, like his firm, George Van Amson, 44, will consistently make the cut.

Jide J. Zeitlin
GOLDMAN, SACHS
vice-president in the investment banking division of Goldman, Sachs & Co.

The top 25 Blacks on Wall St | Black Enterprise | Find Articles at BNET

 

[editec]

Tragedy of the commons.

They're inevitable when there are no regulations to prevent them from happening.

Anyone remember the fable about stone soup?

 

[Shogun]

Another one of your dumb posts that fail to make any significant point.

no, the point is made that you can't downplay your chetto crime when people actually die just because you want to blame a white dude for your own faults.


stop robbing liquor stores.

 

[52ndStreet]

no, the point is made that you can't downplay your chetto crime when people actually die just because you want to blame a white dude for your own faults.


stop robbing liquor stores.

Ghetto crime is not destroying the American and the World economy, as the
Whiteboy Wall street con artist crime is.Millions are not loosing their jobs! as they are with this White boy white collar crime wave.The Tax payers never
had to pay billions to bail out any Gehtto criminal because of his crime!

You Bootneck, and Shogun white boy assholes better see the differences in the two forms of crime.And stop saying it is a Black problem,when Black people
have enothing to do with it.!Its all lilly White Boys!!!

 

[Shogun]

Ghetto crime is not destroying the American and the World economy, as the
Whiteboy Wall street con artist crime is.Millions are not loosing their jobs! as they are with this White boy white collar crime wave.The Tax payers never
had to pay billions to bail out any Gehtto criminal because of his crime!

You Bootneck, and Shogun white boy assholes better see the differences in the two forms of crime.And stop saying it is a Black problem,when Black people
have enothing to do with it.!Its all lilly White Boys!!!

well, actually, ghetto crime is destroying your african inclusion into ANY economy that is not facilitated by crack rocks and hookers. And yes.. people lose their jobs and im ALL FOR prosecution. BUT, to pretend that the LOSS OF A JOB IS WORSE THAN THE LOSS OF A LIFE is just stupid.

and, yes, taxpayer pay ALL THE TIME for ghetto kids choosing crime over achievement. What the hell are YOU smoking?


Or what, pussy? What are you going to do about it from behind a prison cell?

 

[roomy]

well, actually, ghetto crime is destroying your african inclusion into ANY economy that is not facilitated by crack rocks and hookers. And yes.. people lose their jobs and im ALL FOR prosecution. BUT, to pretend that the LOSS OF A JOB IS WORSE THAN THE LOSS OF A LIFE is just stupid.

and, yes, taxpayer pay ALL THE TIME for ghetto kids choosing crime over achievement. What the hell are YOU smoking?


Or what, pussy? What are you going to do about it from behind a prison cell?

Please tell me you are sectioned and computer time is a privilege?

 

[Bootneck]

You Bootneck, and Shogun white boy assholes better see the differences in the two forms of crime.And stop saying it is a Black problem,when Black people
have enothing to do with it.!Its all lilly White Boys!!!

You really are the dimmest biff I've come across for some time! You'll never sound intelligent for as long as you keep talking out of your farting factory.

Now, read my lips. I've not said it is a black problem per se (look that up in a dictionary if you don't know what it means). I've given you some hard facts, which, as usual you choose to ignore. Those facts show that there are blacks with high position on Wall Street. Ergo, by definition there must be quite a few of these disgusting white boys working under their direction. I leave it to you to determine what that means....if you can.

The main point is that your op has as much relevance to fact as an ashtray on a motorbike!

Now why don't you go and do some learning. Not too much at once. Wouldn't want you to have a rush of shit to the brain, would we.

In the meantime, stow your tits and foxtrot oscar you racist gobshite.

 

[Mad Scientist]

Ghetto crime is not destroying the American and the World economy, as the
Whiteboy Wall street con artist crime is.Millions are not loosing their jobs! as they are with this White boy white collar crime wave.The Tax payers never
had to pay billions to bail out any Gehtto criminal because of his crime!
You Bootneck, and Shogun white boy assholes better see the differences in the two forms of crime.And stop saying it is a Black problem,when Black people
have enothing to do with it.!Its all lilly White Boys!!!

If you wanna' blame us white people for everything that goes wrong with blacks, then I want credit for the good stuff too.
From now on Halle Berry is White,
Micheal Jordan was trained by white people,
The Blues was invented by whites, etc, etc.

We'll let you take the credit for crack cocaine though.

 

[Bass v 2.0]

no, the point is made that you can't downplay your chetto crime when people actually die just because you want to blame a white dude for your own faults.


stop robbing liquor stores.

There are almost 40 million black Americans and less than 2% of us have anything to do with crime. The inference here is that black crime isn't costing the government million of dollars in tax payer money compared to this:

What About Three-Strikes-and-You're-Out for Corporate Criminals?

What About Three-Strikes-and-You're-Out for Corporate Criminals?
by Lee Drutman

Say what you will about California's three-strikes law, but one thing's for sure: Many Californians voted for it in 1994 because they were sick and tired of recidivist criminals breaking the law over and over. They wanted to get tough and put a real deterrent on criminal behavior. "Our goal in California is to have no more victims," said former California Secretary of State Bill Jones, the chief author of state's three-strikes law.

On March 5, the Supreme Court affirmed the constitutionality of the law by a 5-to-4 vote. It was a close vote because a life sentence for a third crime that's relatively minor borders on cruel and unusual punishment. In practice, it means that Gary Albert Ewing, an AIDS patient, will get 25 years in prison for stealing $1,200 worth of golf clubs from a pro shop and Leandro Andrade will get 50 years for shoplifting $153 worth of children's videos from K-Mart.

Meanwhile, a theft millions of times as large as either Ewing's or Andrade's remains unpunished and largely undeterred. Just a few days prior to the Supreme Court ruling, California officials sent federal regulators 1,000 pages of evidence that they felt proved once and for all that more than a dozen power companies had conspired to manipulate energy prices in 2000 and 2001, gouging California ratepayers by $9 billion. Nine billion dollars. Kind of makes $1,200 worth of golf clubs or $153 worth of kid's videos seem like small potatoes. In fact, that's more than twice the $3.8 billion that the FBI estimates street crime costs its victims each year across the entire country.

California officials want the energy companies, including Reliant Resources Inc., Williams Cos., Dynegy Inc., Mirant and Duke, to pay back the $9 billion they stole from Californians by overcharging. That's all. Just pay back what you stole. Never mind that you lied and stole from millions of Californians again and again and again for two years. Just pay back what you stole and it will all be fine.

Now, imagine if California had used this same logic with Ewing and Andrade: Just pay back what you stole. $1,200 worth for the golf clubs. $153 for the videos. Just imagine if this were the policy of the state attorney general's office: to let shoplifters pay back the value of what they've stolen - if they got caught. Californians would be up in arms; they'd say that law and order had vanished, that the state was headed for chaos and anarchy.

So, what's the difference between the energy companies and these shoplifters, save the fact that the energy companies stole about ten million times more money from ten million times more people?

The main difference, of course, is that the energy companies engaged in white-collar crime. And in America, white-collar crime is treated differently. Corporations break the law over and over again, knowing that they don't have to worry about winding up in jail (after all, how can you put a corporation in jail?). They might get fined, but many corporations view fines as merely the cost of doing business, finding it more profitable to ignore health, safety, and other regulations and risk paying a fine. Just as street criminals will break the law over and over if they are not presented with an adequate deterrent, corporate criminals will do the same.

While the FBI doesn't track white-collar crime, American University Professor Jeffrey Reiman, using conservative estimates from the Chamber of Commerce, estimated that white-collar crime cost $338 billion in 1997 - almost 100 times the FBI's $3.8 billion estimate for street crime costs. Of course, most people are more frightened of getting mugged outside the grocery store than paying too much inside the grocery store because of illegal price-fixing. But odds are you'll lose more money to illegal price-fixing and other white-collar predatory schemes.

California State Senator Gloria Romero recently introduced a bill that would hold California's law-breaking corporations to the same standard to which the state holds its law-breaking citizens. Three strikes and you're out. If a corporation commits three major violations that result in a fine of at least $1 million or a death, the California Attorney General will revoke the corporation's charter. For companies incorporated in other states, three strikes means that they will lose their right to transact business in California.

Passing the Corporate Three Strikes law would demonstrate that California is willing to get tough on crime in the suites, not just crime in the streets. It would create a climate where law-abiding companies thrive and give the public a means of cracking down on recidivist corporate criminals for marketing defective products, exposing their employees to life-threatening occupational hazards, ripping off utility customers, or dumping toxic waste down the drain after midnight. If California's elected officials are truly serious about helping the victims of crime, and applying a consistent standard of justice to recidivist criminals, they will pass the Corporate Three Strikes law.


And



White-Collar Crime: an overview

The phrase "white-collar crime" was coined in 1939 during a speech given by Edwin Sutherland to the American Sociological Society. Sutherland defined the term as "crime committed by a person of respectability and high social status in the course of his occupation." Although there has been some debate as to what qualifies as a white-collar crime, the term today generally encompasses a variety of nonviolent crimes usually committed in commercial situations for financial gain. Many white-collar crimes are especially difficult to prosecute because the perpetrators use sophisticated means to conceal their activities through a series of complex transactions. The most common white-collar offenses include: antitrust violations, computer and internet fraud, credit card fraud, phone and telemarketing fraud, bankruptcy fraud, healthcare fraud, environmental law violations, insurance fraud, mail fraud, government fraud, tax evasion, financial fraud, securities fraud, insider trading, bribery, kickbacks, counterfeiting, public corruption, money laundering, embezzlement, economic espionage and trade secret theft. According to the federal bureau of investigation, white-collar crime is estimated to cost the United States more than $300 billion annually.

 

[Shogun]

Again, you are comparing a loss of FINANCES with a LOSS OF LIFE and acting like violent crime somehow has less of a societal impact than fraud. go tell the wife of a dead liquor store clerk that joke.