Can you imagine anything more pointless than rushing to Antigua to try and salvage your deposits from an institution after the investigation is in full swing and the SEC has labeled the entire endeavor a fraud? What is left to do at that point? “Besiege” the offices, of course, as if there is a vault there, and you have only to wait them out until they provide you with the key to a safety deposit box that contains your pro-rata share of the loot.
The entire scene smacks of desperation, as if life savings were tied up in the bank’s coffers. And after Made-off, who in the world would deposit their life savings in a single institution?
The reverberations from Texas billionaire Sir Allen Stanford’s alleged $8bn fraud continued to spread on Wednesday, as Antiguan authorities attempted to calm panicked locals who had been queuing up to withdraw money from a Stanford-owned retail bank.
Depositors attempted to withdraw their money from the Bank of Antigua the day after Mr Stanford was charged by US securities regulators over a “massive” investment fraud through Stanford International Bank, the cricket bankroller’s Antigua-based offshore bank.
[...]
Mr Stanford’s operations in Venezuela and Panama have been similarly besieged, with hundreds of depositors attempting to withdraw their investments from local offices of SIB, Reuters reported.
And if there is no cash left? Well then, burn the witch! I think we’d actually pay good money to cover that. (Especially in Antigua). We kid… we kid. (We’re serious!)
Panicked Antiguans besiege Stanford bank [The Financial Times]
Moronic Congressmen are saying they will donate their campaign contributions from the crook to charity. It wasn’t his money to give them in the first place and it’s not theirs to give to charity. They should return their bribes, I mean political contributions to the victims.
was this markopoulous’ lead as promised? if that guy didn’t humiliate the whole inept regulatory system i don’t know what will.
Jump back, what’s that sound?
Here she comes, full blast and top down
Hot shoe, burnin’ down the avenue
Model citizen, zero discipline
Don’t ya know she’s coming home with me
You’ll lose her in that turn
I’ll get her!
Panama, Panama
Panama, Panama
Sir Allen Stanford. Sir? Queen of England or a pole dancer in Antiquia.
Sir Allen Stanford. Sir? Queen of England or a pole dancer in Antiquia.
Where is Antiquia? Moron
@4/5- your homophobic comment would’ve been better if you’d managed to spell a-n-t-i-g-u-a correctlyl.
@7 correctlyl….
Hopefull this practice of Americans calling people “Sir” will stop because of this.
We won the war vs. the British, stop licking their boots.
shhh Karl is speaking
@9 good point, the second stimulus bill has the following lines inserted:
“Any non-British person who uses ‘cheers’ in place of ‘thank you’ or uses the word ‘bespoke’ instead of ‘custom’ will be sent to Gitmo”.
Anyone listening to Messiah now? Do you get the sense that he has no idea what is going on economically?
“it will not help the irresponsible” (applause)
“i’ll give you all a unicorn” (applause)
No questions please.
Demagogue(noun)
1 : a leader who makes use of popular prejudices and false claims and promises in order to gain power
you dont know that refinancing is available..that will you help you…
Does anyone have an account with Stanford Financial? What are they telling you?
“Demagogue(noun)
1 : a leader who makes use of popular prejudices and false claims and promises in order to gain power”
Not sure this applies actually. He delivered on the paying the mortgage thing.
@6 lighten up or take your prozac – it’s a typo MORON!
15 obviously hates black people.
I am of the opinion that all of this is ManBearPig’s fault.
obama has absolutely no idea what he is doing.
who are the fucking tools screaming whenever that fucking pinko opens his mouth
in this defining moment
@23 it’s a clap track. the same one he brought along on the campaign
ManBearPig, I’m serial.
22= racist eskimo adopted by Bristol Palin
I see Markopolos hands on this one.
“The current S.E.C. charges stem from an inquiry opened in October 2006 after a routine exam of Stanford Group, according to Stephen J. Korotash, an associate regional director of enforcement with the agency’s Fort Worth office.
He said the S.E.C. “stood down” on its investigation at the time at the request of another federal agency, which he declined to name, but resumed the inquiry in December 2008. ”
By the way, was the other federal agency the DEA?
http://www.nytimes.com/2009/02/18/business/18stanford.html?_r=1&scp=1&sq=%22stood%20down%22&st=cse
Read bitches!
How is it that any criticism at all directed towards ‘Our Dear Leader’ is refuted by calls that the person is racist?
@6/@7 ooooh the humorless huffington post-its have infiltrated Dealbreaker! — correcting spelling?homophobic? “Sir’s” are knighted by the Queen of England. (That would have been the ‘Shakespeare in Love’ class at Yale – attended mostly by the water polo team) SIR Stanford was given the title by an official in a-n-t-i-g-u-a, which in it’s self is an oxymoron (look it up it’s not a slam on the isadvantaged).
Nuke Antigua. It’s about the right size.
@30
It’s the only way to be sure.
If you want to know which Sir Beethoven Jones, Governor General of Antigua, knighted Stanford and said “Rise, Sir Stanford of the Order of the Gold Mojito of Antigua,” it’s all over on Clusterstock with a lot of stuff about Antigua and shell companies, and everything else.
And don’t forget the Dead Accountant of SIB and Antigua Bank, and his daughter operating out of a row house in a smelly London suburb.
@29 Can you say snarky douche?
If you want to know which Sir Beethoven Jones, Governor General of Antigua, knighted Stanford and said “Rise, Sir Stanford of the Order of the Gold Mojito of Antigua,” it’s all over on Clusterstock with a lot of stuff about Antigua and shell companies, and everything else.
And don’t forget the Dead Accountant of SIB and Antigua Bank, and his daughter operating out of a row house in a smelly London suburb.
Killer that blacks who are totally consumed with their color call everyone else racist. So much confidence in this dim tool ONLY because he’s the ‘first’ black president? This is a freaking nightmare. Are we voting color now? My vote is to dump this idiot and get ourselves any color PH.d from the University of Chicago. If we do that we might get out of this by the time my two year old is 40. BTW correcting spelling?? LOL. Hey Yalie guest – I took rocks for jocks (crew team)- great gut.
nuff people say they know they cant believe,
antigua we have a bobsled team
we have the one derice,
and the one junior,
yule brenner,
and the man sanka
the fastest of the fastest of antiguan sprinters,
go to olymipcs,
fight for antigua
the fastest of the fastest of antiguan sprinters,
respect to the man irv blitser
@33 – take you a long time to come up with that?
@36 Cool Runnings reference…well done
#35 in real time he is an excellent academic and professor–at the U Chicago Law School. There was a TV special showing him teaching and interacting with students, and I’m sorry to say it was all good. No handle for Limbaugh anywhere, unlike Newt Gingrich’s pose as an Am Hist expert, which was full of mistakes and pretty thin.
Spin it some other way.
@37 Not really, came right to me d bag
Nuns, they have tits two.
@39 Them that can’t teach.
DB is turning into Drudge.
KILL THOSE NIGGERS
@43
I bet they enjoy this and think is funny:
http://www.freerepublic.com/focus/f-news/2188454/posts
“How is it that any criticism at all directed towards ‘Our Dear Leader’ is refuted by calls that the person is racist?”
That’s nothing. Try posting a photo of the dear leader and see what happens.
Excerpted comments from Chairman Sir Allen (or is it Sir Chairman Allen)in the latest Stanford Eagle magazine.
There has never been, and there will never be, an easy way to make money. It requires discipline, knowledge, experience, hard work and plain common
sense. When most in our industry were quick to jump on the easy path to perceived big profits in the securitized debt market, we decided not to follow.
The reason Stanford did not get sucked up into the subprime debacle was very simple: since we could not clearly define the risk, the potential reward
became irrelevant.
Remember, that’s not Stanford University, which has disproven his claim to be related to either Leland Stanford, Sr or Jr. Even “distantly” which he fell back. Even “in any way.” The Stanford Eagle is his own mag with the Great Stanford Eagle all employees are required to wear at all times as a golden pin and replace them at their own expense when they lose one.
Also, by “the ancestral Stanford financial business dates back to the Depression days in our family, when discipline knowledge and plain common balls were already our motto” blah blah blah his flacks meant “My granddaddy and my daddy were insurance salesmen in Mexia TX 20 mi outside of Waco.”
@43, shouldn’t you be at the Klan rally? Don’t forget your white sheets.
EP@45–
“Wrong thinking is punishable. Right thinking will be as quickly rewarded. You will find it an effective combination.”
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