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  1. #1
    Senior Member Lateralus's Avatar
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    Default Fabrice Tourre (Goldman Sachs) is found "liable"!

    Fabrice Tourre, a former Goldman Sachs trader, was found liable for defrauding investors out of $1 billion...and the sentence is..."a financial penalty or a ban from the financial services industry". That'll teach Wall Street to lie and cheat!

    http://www.washingtonpost.com/busine...7e3_story.html
    "We grow up thinking that beliefs are something to be proud of, but they're really nothing but opinions one refuses to reconsider. Beliefs are easy. The stronger your beliefs are, the less open you are to growth and wisdom, because "strength of belief" is only the intensity with which you resist questioning yourself. As soon as you are proud of a belief, as soon as you think it adds something to who you are, then you've made it a part of your ego."

  2. #2

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    I'm interested to see how that works, its unlikely to really hurt him because he's likely to be obscenely wealthy and can trade or work by proxy in all likelihood but this has been a long time coming, if you were to behave in an equivalent way in any other profession I'm sure that the misconduct would lead to some sort of penalty would could involve exclusion from capacity to carry on working in that field.

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    Senior Member Lateralus's Avatar
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    If you rob a bank of $10,000, you're looking at 20+ years in prison. But if you defraud investors of billions, you get a slap on the wrist. American justice.
    "We grow up thinking that beliefs are something to be proud of, but they're really nothing but opinions one refuses to reconsider. Beliefs are easy. The stronger your beliefs are, the less open you are to growth and wisdom, because "strength of belief" is only the intensity with which you resist questioning yourself. As soon as you are proud of a belief, as soon as you think it adds something to who you are, then you've made it a part of your ego."

  4. #4
    Theta Male Julius_Van_Der_Beak's Avatar
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    Quote Originally Posted by Lateralus View Post
    If you rob a bank of $10,000, you're looking at 20+ years in prison. But if you defraud investors of billions, you get a slap on the wrist. American justice.
    It's because they work so hard. We shouldn't punish people for working hard. WWGWS? What Would George Washington Say?
    [Trump's] rhetoric is not an abuse of power. In the same way that it's also not against the law to do a backflip off of the roof of your house onto your concrete driveway. It's just mind-numbingly stupid and, to say the least, counterproductive. - Bush did 9-11


    This is not going to go the way you think....

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  5. #5
    & Badger, Ratty and Toad Mole's Avatar
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    Quote Originally Posted by msg_v2 View Post
    What Would George Washington Say?
    I cannot tell a lie.

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