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mike_c

(36,971 posts)
44. thank you, skepticscott....
Fri May 29, 2015, 09:23 PM
May 2015

I do appreciate the explanation. It sounds like this is one bizarre situation-- both parties were satisfied with the settlement, the victim got restitution that worked for him (assuming the money was going to the actual victim), and Hastert got to keep his reputation intact-- but the apparent money laundering Hastert had to go through eventually undid the whole thing. Now, the actual criminal charges are probably a rather small thing, but the associate scandal is huge. Karma indeed, but I suspect the unintended consequences will be worse for all concerned than the settlement they actually worked out together. I know that democrats feel a certain well deserved schadenfreude, but I suspect actual justice might have been been better served by allowing Hastert to keep paying his hush money.

Recommendations

0 members have recommended this reply (displayed in chronological order):

. bravenak May 2015 #1
Remember, kids, hifiguy May 2015 #2
Well, that's poetic. cyberswede May 2015 #3
Something something a goose? Gregorian May 2015 #4
Yes,Karma did bite Wellstone ruled May 2015 #5
Someone on HuffPost reads DU... KeepItReal May 2015 #6
something about this story doesn't add up.... mike_c May 2015 #7
A little thing called Statute of Limitations nichomachus May 2015 #9
sure, I understand that, but why is it a crime to send money to someone... mike_c May 2015 #11
the crime is hiding it from the IRS.n/t. uncle ray May 2015 #13
thank you.... mike_c May 2015 #16
It's not the IRS -- it's the PATRIOT Act nichomachus May 2015 #18
3.5 million. uncle ray May 2015 #19
but wouldn't he have already paid taxes on it? mike_c May 2015 #21
That's what I'd think. But he probably was under some obligation to either pnwmom May 2015 #24
You can receive gifts equivalent to $5,000,000 before you have to pay taxes. Chakab May 2015 #30
No -- estates are $5 million -- gift tax kicks in at $14,000 nt nichomachus May 2015 #33
But a gift tax return would have to be filed even if no tax was due. pnwmom May 2015 #39
beats me. uncle ray May 2015 #31
not the irs. money laundering statutes. mopinko May 2015 #29
It's not. That's not what he's charged with. Nt nichomachus May 2015 #15
Banks are require to report transactions of $10,000 or more skepticscott May 2015 #42
thank you, skepticscott.... mike_c May 2015 #44
And what is, well (to me), over reach... SoapBox May 2015 #14
And Al Capone was nailed on tax evasion nichomachus May 2015 #17
the feds require banks and by extension themselves to "know their customer" Jesus Malverde May 2015 #45
Well... SoapBox May 2015 #10
"Why is it a crime for him to reach a private monetary settlement with his victim rocktivity May 2015 #22
but in the latter case wouldn't Hastert himself be the victim? mike_c May 2015 #25
He WOULD have been a victim if he'd told the FBI the truth about what he was doing with the money rocktivity May 2015 #28
Nice. beam me up scottie May 2015 #8
I wish there was a power that people mistake as Karma. But I think it's something rhett o rick May 2015 #12
What goes around... Comes around. Independent_Liberal May 2015 #20
Hahahaha. Bit in the ass by Karma! Stinky The Clown May 2015 #23
. . . hifiguy May 2015 #27
the picture made me smile. nt DesertFlower May 2015 #37
No one knows when Karma will just walk thru the door... kentuck May 2015 #26
Funny how these things work out, isnt it? Warren DeMontague May 2015 #32
Breaking News: Republican fails to see the big picture. Ed Suspicious May 2015 #34
I'm looking for a word... it escapes me lumberjack_jeff May 2015 #35
the ironing is delicious frylock May 2015 #36
It's not a DOG you need to name Karma in this instance jmowreader May 2015 #38
Gee, his crime had nothing to do with terrorism Jack Rabbit May 2015 #40
Sometimes God smiles. nt MannyGoldstein May 2015 #41
OH, sarisataka May 2015 #43
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