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Witness: Corzine knew about loan made with customer funds
The Hill ^ | 12/13/11 | Peter Schroeder

Posted on 12/13/2011 4:20:38 PM PST by ColdOne

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To: ColdOne
How can "loaned" money be "missing"?

When I borrow money from my bank, it's not "missing" - the bank knows exactly where it is because I had to identify myself and sign a note promising to repay it. If it's a substantial sum, I have to put up collateral. The bank may want to hold the title to my collateral or place a lien on it. If I default, the bank can sieze my collateral, garnish my wages and haul me into court. They can publish the fact that I'm a deadbeat and ruin my credit so no one will loan to me again.

Doesn't Corzine's World Bank follow the same rules? They let someone(s) borrow $1.2 Billion without signing for it? No collateral? YOU DIDN'T EVEN ASK HIS NAME?

That's not imcompetent, it's CRIMINAL.

21 posted on 12/13/2011 6:39:27 PM PST by ZOOKER ( Exploring the fine line between cynicism and outright depression)
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To: ZOOKER

Usually referred to as an inside job.


22 posted on 12/13/2011 6:58:35 PM PST by going hot (Happiness is a momma deuce)
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To: ColdOne

Corzine, as a top echelon RAT, will prolly get away with it.
Which means they’ll all get away with it, because charging his underlings would risk them ratting on the RAT!


23 posted on 12/13/2011 7:04:21 PM PST by Revolting cat! (Let us prey!)
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To: ColdOne

Why this has not been treated all along as an obvious felony is beyond me.


24 posted on 12/13/2011 8:56:08 PM PST by denydenydeny (The more a system is all about equality in theory the more it's an aristocracy in practice.)
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