GatewayRedbirds.com

pioneer98 wrote:It's great when arrogant insurance companies get screwed by someone smarter then them.

http://www.huffingtonpost.com/mobileweb ... 29990.html

pioneer98 wrote:I'm not saying he's not a scumbag. He is a giant scumbag.

The money he screwed out of these dying people? Yeah, the insurance companies are suing to get that from him. That makes them gianter scumbags.

Dying Person <--- Scumbag   <- Insurance Companies
                     |
                     \/
               Investments--> Other Investors

Dying Person <--- Scumbag
                     |
                     \/
               Investments--> Other Investors

Dying Person <<----Insurance Company <<<---Investor
                      |__________________/\/\/\/\/\

Dying Person <<<<----Insurance Company <<<<<<<<<<<---Investor
                         |__________________________/\/\/\/\/\

Rowena Mason, Energy Correspondent for the Telegraph wrote:By 10am it emerged that Mr Perkins had single-handedly moved the global price of oil to an eight-month high during a "drunken blackout".

[SHOW]

pioneer98 wrote:Citigroup's CEO suddenly resigned today. He got paid $261M over the last 5 years. This is how the stock performed during that time:

[SHOW]

Country Club Sopranos: American banks are on a massive crime spree. Obama and Romney hope you won't notice

You wouldn't know it by watching the news or reading the paper, but America's banks are on the largest crime spree the country has ever known. Let's go to the highlight reel, shall we?

In July, Wells Fargo paid a $175 million settlement after the feds caught its brokers systematically pushing minority customers into mortgages with higher rates and fees, even though they posed the same credit risks as whites.


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Longtime prosecutor and Notre Dame law professor G. Robert Blakey: "The real theft was on Wall Street... All of the people who ran the scams have their big houses and their airplanes and they're laughing."

Monika Golon
"Retired criminal" Sam Antar, who now trains the IRS and FBI how to bust corporate looters: "It's almost like stealing a billion dollars with a pencil is not as bad. You have a lesser chance of going to jail than if you mug somebody on the streets of New York."

One study found that Wells Fargo charged Hispanics $2,000 more in what the U.S. Justice Department called a "racial surtax." The bank docked blacks nearly $3,000 extra for their own improper pigmentation.

But despite a colossal civil-rights fraud perpetrated against 30,000 customers, the settlement amounted to just .011 percent of the San Francisco bank's annual income. It was like forcing a $30,000-a-year working stiff to pay a $240 fine.

Across the country, in Minneapolis, U.S. Bank also swindled its customers, though at least it let whites in on the action. Instead of logging debit-card purchases in the order they were made, the bank rearranged them from highest amount to lowest, the better to artificially stick customers with overdraft fees.

U.S. Bank paid $55 million to settle a class-action suit in July. It was the thirteenth major bank caught running this scam.

Yet these titans of finance were pikers compared to American Express. It promised $300 to anyone who signed up for its Blue Sky card, then decided it would be way better to just stiff them. The company was also caught charging illegal late fees and discriminating against older applicants. The penalty for its sins: $112 million in fines and refunds.

These were just the opening salvos of the assault. Bank of America was caught illegally foreclosing on the homes of active-duty soldiers. Visa and MasterCard were accused of fixing the prices they charged merchants to process credit-card payments. Morgan Stanley colluded to drive up New York electricity prices. And in the most depraved case of all, Morgan Stanley was even sued for allegedly swindling Irish nuns in an investment deal.

If they'd been common robbers, the bankers surely would have faced indictments. After all, their scams have run for years, their breadth and coordination breathtaking.

But not a single boss went to jail. Some firms settled for just a fraction of what they'd stolen. Most have never admitted wrongdoing. And in the ethics-optional land known as Wall Street, many saw their stock prices rise.