Comments on: Evidence Wachovia Knew of and Profited from Theft http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited.html Mon, 23 Nov 2009 09:09:24 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited.html#comment-4688 Anonymous Mon, 03 Mar 2008 17:42:00 +0000 http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited-from-theft/#comment-4688 Wachovia is only out for the money and will walk the line of deception to make a buck even if on illegal activity. <br/><br/>From my experience it is one sloppy organization . Wachovia is only out for the money and will walk the line of deception to make a buck even if on illegal activity.

From my experience it is one sloppy organization .

]]> By: Anonymous http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited.html#comment-3827 Anonymous Fri, 08 Feb 2008 21:27:00 +0000 http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited-from-theft/#comment-3827 Wachovia knowingly Scams its people... even the ones working for them. They are crooks. I hope they go out of buisness! Wachovia knowingly Scams its people… even the ones working for them. They are crooks. I hope they go out of buisness!

]]> By: Anonymous http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited.html#comment-3765 Anonymous Thu, 07 Feb 2008 01:22:00 +0000 http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited-from-theft/#comment-3765 That's why I call'm Wackinoffya That’s why I call’m Wackinoffya

]]> By: Anonymous http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited.html#comment-3761 Anonymous Wed, 06 Feb 2008 23:14:00 +0000 http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited-from-theft/#comment-3761 They shouldn't be just sued they should be prosecuted under RICO!! They shouldn’t be just sued they should be prosecuted under RICO!!

]]> By: Anonymous http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited.html#comment-3752 Anonymous Wed, 06 Feb 2008 18:18:00 +0000 http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited-from-theft/#comment-3752 Re: The kind of explaining that may cost an election.<br/><br/><br/>LOL! We also might need to explain fake election results in about 11 months, but new officials just require new graft. Gosh, just look at the trouble with Mark Foley and all the progress made in getting rid of corruption in DC. Foley represents the fact that explaining corruption is a matter that occurs in the press and that there are no trials and there is no justice to be served. Its a dog and pony show and there is no accountability, unless your one of the little people caught speeding or caught with the wrong ideology. Re: The kind of explaining that may cost an election.

LOL! We also might need to explain fake election results in about 11 months, but new officials just require new graft. Gosh, just look at the trouble with Mark Foley and all the progress made in getting rid of corruption in DC. Foley represents the fact that explaining corruption is a matter that occurs in the press and that there are no trials and there is no justice to be served. Its a dog and pony show and there is no accountability, unless your one of the little people caught speeding or caught with the wrong ideology.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited.html#comment-3751 Anonymous Wed, 06 Feb 2008 18:13:00 +0000 http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited-from-theft/#comment-3751 Re: "Internal Wachovia e-mail, for example, show that high-ranking employees at the nation’s fourth-largest bank frequently warned colleagues about telemarketing frauds routed through its accounts."<br/><br/><br/>>> Not to worry, its all about routing and getting these things off the balance sheet and obviously, this was sloppy, because the routing should have been to an off shore entity which could protect these assets and get the added turbocharge of tax evasion; the real crime here was that these upper level managers didnt have the brains to hide the criminal acts. Im not even sure the judge will find criminal intent here and if all goes well, banks will just not leave so much evidence in the future. Getting caught with emails is so Enron-like and we know the DOJ, FTC, SEC, IRS, etc, just dont care, so one has to fix this problem by keeping these types of cases from entering the legal system (in the first place). There has to be a way to front run rules or processes to keep these crackerjack two bit lawyers from tapping into complaints! This would have never happened in Mother Russia and we need to suppress these people that cause trouble for wall street ASAP!!! Re: “Internal Wachovia e-mail, for example, show that high-ranking employees at the nation’s fourth-largest bank frequently warned colleagues about telemarketing frauds routed through its accounts.”

>> Not to worry, its all about routing and getting these things off the balance sheet and obviously, this was sloppy, because the routing should have been to an off shore entity which could protect these assets and get the added turbocharge of tax evasion; the real crime here was that these upper level managers didnt have the brains to hide the criminal acts. Im not even sure the judge will find criminal intent here and if all goes well, banks will just not leave so much evidence in the future. Getting caught with emails is so Enron-like and we know the DOJ, FTC, SEC, IRS, etc, just dont care, so one has to fix this problem by keeping these types of cases from entering the legal system (in the first place). There has to be a way to front run rules or processes to keep these crackerjack two bit lawyers from tapping into complaints! This would have never happened in Mother Russia and we need to suppress these people that cause trouble for wall street ASAP!!!

]]> By: Francois http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited.html#comment-3750 Francois Wed, 06 Feb 2008 17:03:00 +0000 http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited-from-theft/#comment-3750 Stoneridge ruling did not preclude lawsuit against third parties by the government however.<br/><br/>In the Wachovia case, the Pennsylvania AG will have a lot of explaining to do if it refuses to sue Wachovia. The kind of explaining that may cost an election.<br/><br/>That said, I agree that the ruling was a joke. It was handed down by a Supreme Court that itself, has become a joke...a tragic one at that. The contempt these people have for individual's rights is beyond the pale. Stoneridge ruling did not preclude lawsuit against third parties by the government however.

In the Wachovia case, the Pennsylvania AG will have a lot of explaining to do if it refuses to sue Wachovia. The kind of explaining that may cost an election.

That said, I agree that the ruling was a joke. It was handed down by a Supreme Court that itself, has become a joke…a tragic one at that. The contempt these people have for individual’s rights is beyond the pale.

]]> By: Francois http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited.html#comment-3749 Francois Wed, 06 Feb 2008 16:53:00 +0000 http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited-from-theft/#comment-3749 If Wachovia kept on helping that kind of fraud for years despite warnings from several sources, it is because they did not fear any significant penalty.<br/><br/>The most repugnant aspect of this whole affair is, they might be right. I'm willing to bet that nobody at Wachovia will be sent to jail or suffer any penalty commensurate to this crime.<br/><br/>Is this what the expression "free market" is supposed to mean?<br/><br/>If so, I'll turn socialist in a heartbeat! If Wachovia kept on helping that kind of fraud for years despite warnings from several sources, it is because they did not fear any significant penalty.

The most repugnant aspect of this whole affair is, they might be right. I’m willing to bet that nobody at Wachovia will be sent to jail or suffer any penalty commensurate to this crime.

Is this what the expression “free market” is supposed to mean?

If so, I’ll turn socialist in a heartbeat!

]]> By: Independent Accountant http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited.html#comment-3739 Independent Accountant Wed, 06 Feb 2008 07:05:00 +0000 http://www.nakedcapitalism.com/2008/02/evidence-wachovia-knew-of-and-profited-from-theft/#comment-3739 This is yet another reason why Stoneridge was a travesty. This is yet another reason why Stoneridge was a travesty.

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