Oh Look, More Handcuffs! (Gupta) in [Market-Ticker]

Posted 2012-06-15 11:45
by Karl Denninger
in Corruption

Oh Look, More Handcuffs! (Gupta)

But nobody committed any crimes, right?

Rajat Gupta, who reached the pinnacle of corporate America as managing partner of McKinsey & Co. and was a director at Goldman Sachs Group Inc. (GS) and Procter & Gamble, was convicted by a federal jury of leaking inside information to hedge-fund manager Raj Rajaratnam.

Convicted on 4 of 6 charges, faces a potential 25 years.

Handcuffs by genesis

Discussion below (registration required to post)

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User Info	Oh Look, More Handcuffs! (Gupta) in forum [Market-Ticker]
Turningtide4536 Posts: 33 Incept: 2011-12-16	I think that the only ones who get handcuffs are the ones the big boys have decided to throw under the bus. No one goes to jail unless they screw up or threaten to become a problem. Or maybe they believe in the occasional human sacrifice to appease the gods. Either way, I don't think this is the beginning of a trend. Someone just decided to liquidate an "asset." 2012-06-15 11:51:35 Permalink
Hiphopapotamus Posts: 569 Incept: 2007-07-11 Burbank, CA	Still, he was at Goldman Sachs. That's some kind of progress.. 2012-06-15 11:53:29 Permalink
Tallystick Posts: 2228 Incept: 2009-09-20	You risk prosecution if your crime can be portrayed as an isolated incident. If prosecution would expose systemic crime, you're in the clear. 2012-06-15 11:53:34 Permalink
Captainkidd Posts: 594 Incept: 2010-05-25 Pasadena, Texas	Quote: No one goes to jail unless they screw up or threaten to become a problem. Or maybe they believe in the occasional human sacrifice to appease the gods. It's like the old Joke. I don't have to outrun the Bear, I just have to outrun *YOU!!!* Every now and then, they throw somebody out so the bear can overtake *him,* and they know they are safe for a while longer. ---------- A lawyer with a briefcase can steal more than a thousand men with guns. --Mario Puzo It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. -- Henry Ford 2012-06-15 12:08:39 Permalink
Karen1p Posts: 155 Incept: 2010-10-26 Reformed Liberal - turned gun owner, Ticker Gal	Notice the names of both of the individuals involved. They don't sound white or Jewish to me. These poor fools thought they could join the ranks of the upper class and found out that they are expendible. As long as no one who is white and male have to face the music. All these execs should have to face criminal charges. But, look at what the US Attorneys did in Kerry Killinger's case, they dismissed all criminal charges and then announced an investigation into 23 middle managers. Trying to make us believe that WaMu's CEO was stupid enough to not know about 23 middle managers enacting a crime ring under his very nose. It is ***ing pathetic. We are on the Titanic and someone keeps throwing water to save us. 2012-06-15 12:17:11 Permalink*
Noodleman Posts: 2383 Incept: 2008-11-01	Now that election season is here some of these pigs are going down. But not the fund raisers like Corzine. But they'll do 3-4 years max until Obama's next term ends and all get pardoned. ---------- "Ammunition beats persuasion when you are looking for freedom." Will Rogers, 4 Nov 1879 - 15 Aug 1935 2012-06-15 13:05:29 Permalink
Sushihorn Posts: 7802 Incept: 2007-10-22 Arlington, TX	Quote: These poor fools thought they could join the ranks of the upper class and found out that they are expendible. As long as no one who is white and male have to face the music. Incorrect: White - Allen Stanford Jewish - Bernie Madoff obviously both male ---------- http://jengafinance.blogspot.com/ Build a banker a fire and keep him warm for a night. Set a banker on fire and keep him warm for the rest of his life. Last modified: 2012-06-15 13:47:54 by sushihorn 2012-06-15 13:26:29 Permalink
Mannfm11 Posts: 3530 Incept: 2009-02-28 DFW, Tx	I think he was convicted of passing info to Raj. Plus, not handcuffs, BARS ---------- The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith 2012-06-15 13:42:31 Permalink
Debtpie Posts: 534 Incept: 2009-12-17	Rajat must have really****ed someone off somewhere...facing 25 years for something others do all day long? Seems like Karl puts up "indicators/evidence" of insider trading on a daily basis....but poor old Rajat is the only one to go down... He was a sacrifice...perfect too...member of an ethnic group that is unpopular in the West...wrong skin color...religion was probably one of those "false ones"(rolling eyes)...he was an idiot for thinking he could join the existing club; or try to start a new one... ---------- A Leader, or an Opportunist? "A leader has the capacity of vision, the ability to see where things are headed before people in general see those things." Mitt Romney --- DebtPie's definition: a leader decides where "things" should head and "leads" us there. Last modified: 2012-06-15 13:56:22 by debtpie 2012-06-15 13:49:51 Permalink*
Lenguado Posts: 1272 Incept: 2010-01-12 Orlando, FL	No biggie. Rajat just forgot to mail in his $25,000 check to the 'Banksterz to Re-Elect the Obammaz Prez' PAC.... But it's never to late to get that check mailed in. In fact, might want to double it - to go for that Prezidential Pardon!!! ---------- I just realized... they aren't saying, "Keynesian Economics" they're saying "Kenyansian Economics". Grass Huts for everyone! Welcome to historys first Double Dip Depression 2012-06-15 15:12:13 Permalink
Mac Posts: 158 Incept: 2009-09-04	I want to see this guy doing hard time in PMITA prison. He needs to come out of prison 25 years from now to revoked citizenship and a one-way ticket on a boat sailing back to the subcontinent. 2012-06-15 18:24:37 Permalink
Andysvw Posts: 1703 Incept: 2010-06-26 Tujunga Ca	We should make sure he has lots of company. The Tan Man next please. 2012-06-15 19:52:22 Permalink
Morla Posts: 815 Incept: 2009-11-09	Quote: No biggie. Rajat just forgot to mail in his $25,000 check to the 'Banksterz to Re-Elect the Obammaz Prez' PAC.... Because Romney is a firebrand reformer who will launch fraud investigations!? If I were on Wall Street I might want Romney to win just in case someone has to start actually running the country when there's no more money left to steal. Romney has the skill set for it, and is polite enough to wait. Democrats did well blowing the tuition bubble, but the student theft machine pretty much runs itself at this point. The financial "aid" scheme will carry on just fine through a republican term or two. Big Healthcare corps on the other hand I'd expect to lean toward Obama who wants to make then Even Bigger Healthcare corps by giving them what amounts to taxation authority over the public. ---------- Fear of govt IS the government.. Statism is a pack of unbacked threats; If govt gets out of control, ignore it and go about life as you see fit. Where's your crown, King Nothing? 2012-06-15 21:57:35 Permalink
Markgoldman Posts: 1240 Incept: 2009-01-13 Canuckistan	I want him to get a beatdown worse than Stanford. ---------- Consent Withdrawn. 2012-06-15 22:26:14 Permalink
Soros Posts: 3098 Incept: 2007-08-31 La La Land	Maybe what Gary meant to say was, "Nobody meant to commit any crimes" ---------- So long and thanks for all the fish. 2012-06-16 00:55:30 Permalink
Peterm99 Posts: 4981 Incept: 2009-03-21 SoCal	Soros wrote.. Maybe what Gary meant to say was, "Nobody meant to get caught committing any crimes" FIFY ---------- ". . . the Constitution has died, the economy welters in irreversible decline, we have perpetual war, all power lies in the hands of the executive, the police are supreme, and a surveillance beyond Orwells imaginings falls into place." - Fred Reed 2012-06-16 01:55:26 Permalink
Etz Posts: 13886 Incept: 2007-06-26 LA	If Obama had a son he'd act like Gupta. ---------- Legal chicanery and beneficent darkness are the banker's stoutest allies - F.Pecora. 2012-06-16 02:19:48 Permalink
Debtpie Posts: 534 Incept: 2009-12-17	Question for anyone... Story about BOA screwing up and giving a gambling addict unlimited funds...he withdrew a $1.5 milllion and lost it in the casinos. Is that stolen goods...aren't people required to forfeit stolen goods back to the owner....shouldn't the casinos have to give the money back? http://now.msn.com/money/0614-atm-error..... ---------- A Leader, or an Opportunist? "A leader has the capacity of vision, the ability to see where things are headed before people in general see those things." Mitt Romney --- DebtPie's definition: a leader decides where "things" should head and "leads" us there. 2012-06-16 10:33:11 Permalink
Morla Posts: 815 Incept: 2009-11-09	Quote: shouldn't the casinos have to give the money back? Give it back to who? That money never existed until "withdrawn". More like counterfeiting than theft, which BoA would have done anyway in some officially sanctioned manner. ---------- Fear of govt IS the government.. Statism is a pack of unbacked threats; If govt gets out of control, ignore it and go about life as you see fit. Where's your crown, King Nothing? 2012-06-18 02:05:53 Permalink
Morla Posts: 815 Incept: 2009-11-09	My point was that banks are nothing but gamblers anyway, the guy was just saving BoA the trouble of gambling it away themselves. ---------- Fear of govt IS the government.. Statism is a pack of unbacked threats; If govt gets out of control, ignore it and go about life as you see fit. Where's your crown, King Nothing? 2012-06-20 02:06:42 Permalink
Dashingdwl Posts: 9752 Incept: 2007-06-26 los angeles	Gupta gets sentenced to 24 months in a Club Fed prison. To put this in perspective: Gupta gave $100k to Dems, stole over $100m in insider trades and gets 2 years in prison. Corzine bundles $500k+ for Obama, loses $1.6B of customer money, and still walks free, and is still raising money for Obama. ---------- When you are hard and disciplined, you can be principled. People fear you because they have no leverage against you. It's the truest form of Liberty. 2012-10-24 17:04:44 Permalink
Antone Posts: 7655 Incept: 2008-02-03 Seditionia, USSA	Goldman could perform an ACH out of every person's account in the US with a memo saying "Thanks for the cash, Suckers! Off to do God's work. Love, Goldman" and yet nothing would be done about it. I was laughed at when I suggested that Corzine would get off scot free. Well? Good luck to all those holding your breath thinking anything will change before it all finally dies on the vine. ---------- As if anything has changed: Wir sind gefickt. Last modified: 2012-10-24 17:15:33 by antone 2012-10-24 17:12:02 Permalink

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