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Stanford Investors Go Home Empty-handed

Depositors came looking for their money at a bank in Antigua controlled by Texas billionaire Allen Stanford, accused of a multi-billion-dollar fraud. But they went home without any cash. (Feb. 19)  
 
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kissmybuttdimple (9 months ago) Show Hide
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madoff... now stanford.. you have to wonder how many more of these fat-cats are out there...
libertyeconomics (5 months ago) Show Hide
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In today's world, I don't trust any billionaires - but not because of a problem with the free market. You pretty much have to be politically connected, as were Madoff and Stanford, to control that much capital. But the real problem here is the monetary system itself. Inflation creates pseudo rates of return, leading to insolvencies. We need to get back onto a gold standard, and the Fed needs to stop inflating, or we will never have a recovery.
raverkiddy (5 months ago) Show Hide
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they are not fat cats.. they are con-men
P3rf3ctStorm (9 months ago) Show Hide
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And we'll allow them to illegally immigrate to the U.S. to do just that.

Send them all down to Wall Street and the Federal Reserve Bank for a huge BBQ party.
marniespeaks (9 months ago) Show Hide
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If they do it I'll donate some bbq sauce!
Johnhighfive (9 months ago) Show Hide
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Considering the BBQ party in WS and FED; take care of your BBQ sauce donations; it might fall into another Ponzi scheme. The SEC page is PLAGUED with hundres of cases on the like and BBQ sauces are not out of the scope.
marniespeaks (9 months ago) Show Hide
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or worse the bbq sauce might be full of salmonella
Johnhighfive (9 months ago) Show Hide
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Nice..!! adding some Escherichia coli might be suitable also..
leepakim (9 months ago) Show Hide
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this is called a "failed" Bank Run.

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