Picaro
Picaro's JournalHow nice...
Oh wow! Another fine.
The people that misled investors haven't been fined a dime. Morgan Stanley will pay the fine and deduct it from their taxes and the U.S. (and New York) will probably end up owing Morgan Stanley a refund on federal and state taxes.
The monetary penalty assessed has no impact on Morgan Stanley and the Morgan Stanley personnel that executed this scheme get to keep all the money they made in the scam.
Fraud pays and pays exceedingly well.
There is 0 incentive to not do this or something like it again. Looking at how this has played out... Why would anyone even hesitate? The profits from the fraud were immense for everyone in the fraud ecosystem. Only the investors lost. And, in U.S. (and presumably New York) law there are really no protections for investors. They must sue to recover and they law provides little ground on which to sue.
Money for nothing and chicks for free indeed.
The next scam is probably underway. And the crooks know they won't go to jail and they won't have to give the money back.
Selling worthless garbage has never been so good.
Leaves no option but impeachment
I'm not from Maine, but from what I've read there are impeachment proceedings already in motion.
This action, which shows signs that this man is mentally ill, leaves the Maine legislature with no options.
They have to impeach LePage. Or have him removed from office as being mentally unfit to serve (not sure what the Maine constitution provides for...).
While I'm not a mental health professional I'd say he's showing clear signs of being insane.
I disagree and would bet Bernie does too...
Bernie Sanders did exactly as well as he needed to do in Iowa. It absolutely doesn't matter whether he actually won or not. The delegate counts are minuscule and won't affect the outcome in the convention at all.
What matters is that he came out of Iowa with momentum. He is, according to everything I've read, going to take New Hampshire fairly easily.
Look what has happened since Iowa.
The Quinnipiac poll now shows him within the margin of error nationally against Clinton. Clinton is continuing to have to play defense. The media is now not ignoring Sanders. He just got his shot on SNL and looked pretty darn good according to what I've read. He is continuing to play offense, but is remaining true to his original message. Clinton seems to be floundering in terms of message. Her surrogates are beginning to sound almost insane (Madelaine Allbright is quoted as saying there's "special place in hell for women that don't support each other..."
. Clinton has now been forced to make a pledge to not ever cut Social Security benefits. Just as she was in the past forced to abjure the TPP and the Trans Canadian pipeline.
The Sander's campaign is just moving on. Much as it has done from the very beginning. Don't sweat it. Let Iowa recede in the rear view mirror.
A statistical dead heat is always a victory...
You really want to bang this particular drum?
This was (according to the MATH you refer to) a tie.
If you have any doubts about this please refer to any Intro to Statistics textbook.
Nate Silver was not predicting this outcome and you know it.
Profile Information
Name: Ernie FergusonGender: Do not display
Hometown: Plano, TX
Home country: USA
Current location: Plano, TX
Member since: Thu Apr 30, 2009, 11:22 AM
Number of posts: 1,517
