Another 'job creator' oppressed by government action: Stanford gets 110 years for $7B Ponzi scheme

[LuckyTheDog]

Former jet-setting Texas tycoon R. Allen Stanford had plenty of things to say Thursday before a federal judge sentenced him to 110 years in prison for bilking investors out of more than $7 billion over two decades.

An apology was not one of them.

In a defiant, rambling statement that lasted more than 40 minutes, Stanford told the court about the injuries he suffered during a prison fight; criticized the government for its "gestapo tactics" when his companies were put in receivership and their assets sold off to pay back investors; described his financial empire as a victim of the 2008 credit collapse; and recalled riding horses with former President George W. Bush.

http://finance.yahoo.com/news/stanford-gets-110-years-role-171331968.html

[russspeakeasy]

1. Too bad it wasn't a life sentence.

Cockroaches live forever don't they ?

[Lasher]

2. Fuck him

And the horse's ass he rode in with.

[Initech]

7. Yes fuck him. One day all these fucking billionaire thieves will get caught.

[BlueToTheBone]

3. Good. Now Jamie Dimon and the rest need

to be there with him.

[LuckyTheDog]

4. +1 (nt)

[malaise]

5. Any word from Jeff Session or John Cornyn?

http://tpmmuckraker.talkingpointsmemo.com/2009/03/texas_paper_on_cornyn_and_sessions_stanford_ties_w.php
<snip>
Are lawmakers who took those Antiguan junkets on Allen Stanford’s dime paying a political price back home?

It’s hard to say. But John Cornyn and Pete Sessions, the Texas GOP senator and congressman respectively, can’t be psyched about this Dallas Morning News editorial.

“What were they thinking?” asks the piece in its lead, pointing out that Cornyn and Sessions must have known when they accepted those trips that Stanford would have been looking to curry favor.

The editors conclude, a bit lamely:

Sessions and Cornyn have donated $9,000 of those funds to charity. They would be wise to donate the rest - and to use better judgment next time.

The paper might have added that Sessions would also be wise to ensure that his staff doesn’t misinform reporters about the nature of the congressman’s relationship with Stanford.

[MiniMe]

6. Which is really funny since W was scared of horses.

The guy lies, no surprise with his record.

[DotGone]

8. Someone forgot to pay his "political donations" n/t

[Bake]

9. If we could just get the govt. off his back! All would be well with the world!!

Jobs would be created!

Thugs are all about smaller govt until THEY get screwed, then they want the govt coming DOWN on the perp that screwed them!!



Bake