ouch £50 billion fraud

[Bryn Mawr]

Originally Posted by spot

You're not an American plutocrat though. Go and chair NASDAQ for a year and then try.

They're at it again with another knee jerk reaction after the TX Maxx debacle of a couple of years ago - a little item fetchingly called PCI-DSS which is costing billions of dollars in IT fees and has spawned a complete industry of unqualified "assessors" and "advisors" and does nothing to address the underlying problem, just takes a sledgehammer to the outward, visible, effect.

[spot]

"US Attorney General Michael Mukasey removed himself from the investigation"? Golly.

And Bernard Madoff "couldn't find" four people to sign his bail terms but they still let him out for $10m of his pile of stolen cash? What sort of country allows a guy accused of stealing $50 billion to put down a five thousandth part of his gains as bail so that he can keep his option to, say, buy American Airlines for a flight to Brazil?

Bernard Madoff gets bail while some poor shepherd from Albania's been banged up in Guantanamo Bay for six years without so much as access to a lawyer?

US Attorney General Michael Mukasey removed himself from the investigation.

BBC NEWS | Business | Madoff under curfew on $10m bail

Yeah but he has to wear an ankle bracelet....

[spot]

Originally Posted by JAB

Yeah but he has to wear an ankle bracelet....

I'll bet real money nobody's allowed to spit on his Koran though.

[mikeinie]

This is incredible!

No wonder everything is collapsing around us.

50 billion…. 50 billion,

And we are supposed to trust our financial institutions and ‘bail them out’.
They caused this nightmare, I think we should have let them all go under and start again.

I tell ya, if the West fell over laughing and declared ‘victory’ at the end of the Soviet Union and the ‘fall of communism’ then from their graves, they must be laughing now at the fall of capitalism.