margrace Posted December 8, 2007 Report Posted December 8, 2007 A Merrill Lynch stockbroker, Micheal Stamenson, sold billions of dollars of complex securities to Orange County, which ran a pooled investment fund for close to 200 cities and school districts in the county. The county lost $1.7 billion when the highly leveraged fund imploded, the county filed bankruptcy, resulting in serious job losses and cut backs in social service to the poor. In all, Merrill made approximately $100 Million in fees with Stamenson collecting $4.3 million in just the two year period of 94 and 95. That is just one example of many things like this happening and the ensuing court case protected the perpatrators. Just wondering? Quote
Michael Hardner Posted December 8, 2007 Report Posted December 8, 2007 Can you give us a link ? I'm wondering how administrators could have approved risky investments like that. It seems highly unusual to say the least. Quote Click to learn why Climate Change is caused by HUMANS Michael Hardner
margrace Posted December 8, 2007 Author Report Posted December 8, 2007 Can you give us a link ?I'm wondering how administrators could have approved risky investments like that. It seems highly unusual to say the least. Sorry Michael it was sent to me and the person who wrote was Pam Martens and it is about Bush's supposed bail out on the mortgages. There is a whole lot of info there but I don't know how to tell you how to get it. I can only quote but what about the copywright laws. Quote
Leafless Posted December 8, 2007 Report Posted December 8, 2007 Can you give us a link ?I'm wondering how administrators could have approved risky investments like that. It seems highly unusual to say the least. Why don't you ask the administrators the Canadian Imperial Bank of Commerce and other Canadian lending institutions who made risky investment in the volatile U.S. mortgage market. Greed always finds a way. http://www.bloomberg.com/apps/news?pid=206...mp;refer=canada Quote
Canuck E Stan Posted December 8, 2007 Report Posted December 8, 2007 Sorry Michael it was sent to me and the person who wrote was Pam Martens and it is about Bush's supposed bail out on the mortgages. There is a whole lot of info there but I don't know how to tell you how to get it. I can only quote but what about the copywright laws. Nothing Google couldn't find. Orange County taps L.A. law firm for bankruptcy guidance Quote "Any man under 30 who is not a liberal has no heart, and any man over 30 who is not a conservative has no brains." — Winston Churchill
M.Dancer Posted December 10, 2007 Report Posted December 10, 2007 A Merrill Lynch stockbroker, Micheal Stamenson, sold billions of dollars of complex securities to Orange County, which ran a pooled investment fund for close to 200 cities and school districts in the county. The county lost $1.7 billion when the highly leveraged fund imploded, the county filed bankruptcy, resulting in serious job losses and cut backs in social service to the poor. In all, Merrill made approximately $100 Million in fees with Stamenson collecting $4.3 million in just the two year period of 94 and 95.That is just one example of many things like this happening and the ensuing court case protected the perpatrators. Just wondering? Plaigerism. a Merrill Lynch stockbroker, Michael Stamenson, sold billions of dollars of complex securities to Orange County, which ran a pooled investment fund for close to 200 cities and school districts in the county. The county lost $1.7 billion when the highly leveraged fund imploded, the county filed bankruptcy, resulting in serious job losses and cutbacks in social services to the poor. In all, Merrill made approximately $100 million in fees with Stamenson collecting $4.3 million in just the two-year period of '93 and '94. http://www.portside.org/?q=showpost&i=3459 http://groups.google.com/group/sci.econ/br...9e54eedd1a61ef7 Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
margrace Posted December 10, 2007 Author Report Posted December 10, 2007 Sorry Michael it was sent to me and the person who wrote was Pam Martens and it is about Bush's supposed bail out on the mortgages. There is a whole lot of info there but I don't know how to tell you how to get it. I can only quote but what about the copywright laws. So how can it be plagerism when I told Micheal it was written by Pam Martens or do you not read. Quote
M.Dancer Posted December 10, 2007 Report Posted December 10, 2007 (edited) So how can it be plagerism when I told Micheal it was written by Pam Martens or do you not read. I see no mention, citation or anything in the original post to lead me believe it was not written by you other than it coherent and well written and completely opposite your usual drivel. On top of that, you editted it...... Edited December 10, 2007 by M.Dancer Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
margrace Posted December 10, 2007 Author Report Posted December 10, 2007 I see no mention, citation or anything in the original post to lead me believe it was not written by you other than it coherent and well written and completely opposite your usual drivel.On top of that, you editted it...... Boy I must get under your skin, I would call your post bullying Quote
M.Dancer Posted December 10, 2007 Report Posted December 10, 2007 Boy I must get under your skin, I would call your post bullying Heck.....you would probably call your toaster an informed source........ Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
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