Jim McMahon named in bank fraud case

quote:

As a consequence, reports were not closely read, little or no due diligence into the bank's condition was done, regulatory criticisms were discounted, and, for defendant McMahon, important board meetings frequently were missed or ignored."

Just like one of Ditka's team meetings right Jim?

I never disliked McMahon like most Packer fans did. After all, he finally got smart (at least for a little while) and ended his career as a Packer getting a ring for being on the Super Bowl XXXI team. He could have actually been somewhat accepted by Packer fans had he not pulled the stunt at the White House.

This looks like real trouble for him though. It sounds like he had no business being on a board of something as important as he was involved with. Terrible mistake on his part and he may pay a price for it.

Regardless of McMahon's alleged involvement, bankers are the biggest crooks in the world, rivaled only by Wall Street corporations.
The worst part is they don't even have to use a weapon, force, or extortion.

quote:

Originally posted by Timmy!:
Regardless of McMahon's alleged involvement, bankers are the biggest crooks in the world, rivaled only by Wall Street corporations.
The worst part is they don't even have to use a weapon, force, or extortion.

Anyone who gets a mortgage actually paid for the house himself with his signature on the promissory note. It is just an incredible racket. Then you have fractional reserve banking.

Unbelievable.

quote:

Originally posted by Timmy!:
Regardless of McMahon's alleged involvement, bankers are the biggest crooks in the world, rivaled only by Wall Street corporations.
The worst part is they don't even have to use a weapon, force, or extortion.

I would still place politicians ahead of them, though not by much. Members of congress especially. When I was studying for my brokerage licenses, and learned that Senators and House Reps could legally trade on inside information, which would put you or I in jail, I couldn't believe it.

Not Packer People v

quote:

Originally posted by lambeausouth:
When I was studying for my brokerage licenses, and learned that Senators and House Reps could legally trade on inside information, which would put you or I in jail, I couldn't believe it.

Barry has just changed that.

and the quote unquote JOBS act that they just passed has opened the flood gates for the next wall st bubble that you and I will get to pay for in the near future. legalized theft at its finest. it's good work if you can get it. sure it ruins a lot of people's lives but... money, think of the money!