{"id":181908,"date":"2016-02-13T23:52:00","date_gmt":"2016-02-14T04:52:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2016\/02\/13\/not-flawed-fraud\/"},"modified":"2016-02-13T23:52:00","modified_gmt":"2016-02-14T04:52:00","slug":"not-flawed-fraud","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2016\/02\/13\/not-flawed-fraud\/","title":{"rendered":"Not &#8220;Flawed&#8221;, &#8220;Fraud&#8221;"},"content":{"rendered":"<p>Morgan Stanley sold worthless bonds, and made a lot of money doing so, and when they got caught, they made what appears to be another &#8220;<i><b><span style=\"font-size: 100%; font-variant: small-caps;\">No Declaration of Wrongdoing<\/span><\/b><\/i> (<a href=\"http:\/\/www.justice.gov\/opa\/pr\/morgan-stanley-agrees-pay-26-billion-penalty-connection-its-sale-residential-mortgage-backed\">DOJ press release<\/a>) settlement over this, the <i>New York Times<\/i> described it as <a href=\"http:\/\/www.nytimes.com\/2016\/02\/12\/business\/dealbook\/morgan-stanley-to-pay-3-2-billion-over-flawed-mortgage-bonds.html\">Morgan Stanley to Pay $3.2 Billion Over Flawed Mortgage Bonds<\/a>.<\/p>\n<p>As former S&amp;L crisis investigator notes, <a href=\"http:\/\/www.nakedcapitalism.com\/2016\/02\/bill-black-the-inaugural-financial-fraud-lemons-of-the-week-award-goes-to-doj.html\">these bonds were not flawed, they were fraud<\/a>.<\/p>\n<p>Throw some banksters in gaol, please.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Morgan Stanley sold worthless bonds, and made a lot of money doing so, and when they got caught, they made what appears to be another &#8220;No Declaration of Wrongdoing (DOJ press release) settlement over this, the New York Times described it as Morgan Stanley to Pay $3.2 Billion Over Flawed Mortgage Bonds. As former S&amp;L &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,972],"tags":[],"class_list":["post-181908","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-justice"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/181908"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=181908"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/181908\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=181908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=181908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=181908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}