Obama's Biggest Failure

[KissMy]

Customer Deposits Are Property of the Bank

As of August 9th of this year, the banks are legally allowed to co-mingle customer segregated funds with their own if the financial institution is insolvent, under duress or in bankruptcy. In other words, the technocrats have made the theft that Jon Corzine committed a non-criminal offense.

Major Obama Fail! - Obama has just made his criminal buddy Jon Corzine's crime legal!!!!!!!!!

 

[CrusaderFrank]

Customer Deposits Are Property of the Bank

As of August 9th of this year, the banks are legally allowed to co-mingle customer segregated funds with their own if the financial institution is insolvent, under duress or in bankruptcy. In other words, the technocrats have made the theft that Jon Corzine committed a non-criminal offense.

Major Obama Fail! - Obama has just made his criminal buddy Jon Corzine's crime legal!!!!!!!!!

What? What the fuck!? Are you fucking kidding?

"Fast forward to August 9th of 2012, and the 7th Circuit Court of Appeals (CCA) rules that BNYM can be moved to first in line of creditors over the customers that had their funds stolen by SMG."

Amazing.