Korean Job Discussion Forums

[Ya-ta Boy]

Here's an interesting idea--from prison--about how to extract a pound of flesh from the fat cats who over-paid themselves while driving the country off this cliff:

How to Shake Down the Banks
From prison, Bill Lerach, America�s premier class-action lawyer, has a roadmap to get all that bonus money back from the Wall Streeters who got us into this mess.

http://www.thedailybeast.com/blogs-and-stories/2009-03-06/how-to-shake-down-the-banks/

I'm especially interested in this part: "The mere bringing of the suit�especially against the directors�would have a beneficial deterrent effect on all directors going forward."

[kcs0001]

Thanks again Mr. Bolshvik. If you weren't over here teaching pidgin English, you would be asking me if I wanted "Biggie Fries" at a stateside Wendy's.

[mises]

Many, if not a majority, of the bonuses in the financial services industry (and particularly in the ibanks) were the product of fraud, or almost-fraud (level 3 assets etc). Some staunch capitalists (like me) and thoroughly market-orientated people like Nassim Taleb strongly want the government to claw back bonuses that were made with fake accounting, mark to model and fraud (securitized junk passed as AAA).

It is not "Soviet" to want Western states to not function like third world banana republics.

[kcs0001]

If his post is not a joke, then he is a moron. Nutin' wit dat

(just trying to adapt to the hip hop nation)