Uncle Sam's Troubled Asset Relief Program (TARP)Beneficiaries: Banks Financial Institutions Special Interests
Government Crooks Blah Blah Blah
You have to take care of all of them. They apparently can not be honest, responsible or accountable in their own actions.
We, the American People, don't care. Allow them to take MORE, even when MORE IS NOT ENOUGH!
Another Madoff
Like Bernard L. Madoff, who is accused of operating a $50 billion Ponzi scheme, Mr. Robert Allen Stanford (Stanford Financial Group in Houston) offered investment opportunities that sounded almost too good to be true: promises of lucrative returns on relatively safe certificates of deposit that were often more than twice the going rate offered by mainstream banks.
While regulators are not accusing Mr. Stanford of operating a Ponzi scheme, they claim Stanford Group lulled investors into believing the C.D. purchases were safe by advertising investments in “liquid” securities that could be bought and sold easily.
Unknown is the status of investments in as much as $8 billion in high-yielding certificates of deposit held in the firm’s bank in Antigua, which the Securities and Exchange Commission, in a civil suit, said Mr. Stanford and two colleagues fraudulently peddled to scores of investors. SOURCE...
The Mission of the Securities and Exchange Commission
Too little, too late from SEC in Stanford case
SEC website with details of Stanford case
stanfordfinancial.com | stanfordgroup.com
See also: Financial Success - The American Dream
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