SENATOR ARLEN SPECTER HEARS TESTIMONY ON PROPOSED LAW TO IMPOSE PRISON TIME ON BANK EMPLOYEES

5/5/2010

WASHINGTON D.C. (AEAE)-A Senate Judiciary subcommittee today is considering whether the laws governing financial service companies, banks and their employees who breach their fiduciary duty to their customers should face criminal charges and prison time.The subcommittee on crime and drugs, chaired by Sen. Arlen Specter, D-Pa., is hearing testimony from academics, advocates and the legal community. One major point of dispute: a proposed requirement for some financial services employees to meet a fiduciary duty to their customers, or else face criminal charges and potential prison time. This way employees from Countrywide Financial, Bank of America, Bank of New York and lawyers from their law firms like Bryan Cave LLP could go to jail if found guilty of a breech of a fiduciary duty to their customers and/or aiding and abiding financial service employees commit torts.

"I have long believed that it is insufficient to have fines for fraud," Specter said in an opening statement, adding that fines from the Securities and Exchange Commission are "calculated as part of doing business." Click on the attached link to read more on this story http://www.law.com/jsp/article.jsp?id=1202457622776&src=EMC-Email&et=editorial&bu=Law.com&pt=Law.com%20Newswire%20Update&cn=LAWCOM_NewswireUpdate_20100504&kw=Senators%20Consider%20Whether%20Financial%20Fraud%20Should%20Mean%20More%20Prison%20Time

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You Source of Repetitive Stress

5/4/2010 03:21:19 pm

What's it like knowing that a legal entity(s) ares spending 7 days a week 24 hours a day, without regard to cost to expose your "fraud" and "criminal" acts and will never rest until your locked up! What's that like? Next time your in court be sure to "laugh" because you find it "very" funny. But eventually you will go to jail! Then we will see just how funny that is.

Happy Dreams

No Relief

5/4/2010 03:30:12 pm

1:30a.m. May 5, 2010 Just got a "new" printer 18 sheets a minute because the pleadings every year are so much larger and we need the fire power to crank them out. The printer "never" stops, even right now its cranking out pleadings with your name on them that will be filed in about 10 hours. Cost to your side to brief $10 grand maybe 12 grand...love that laser jet HP printer....

5/4/2010 05:09:45 pm

Wow, Leo, congratulations on your new printer. That's great. If you keep saving up your food stamps, maybe someday you'll be able to get a suit or new pair of shoes at the Goodwill. Great job, sport!

5/5/2010 01:28:17 am

Then the hp printer was left unsatisfied just like all of Leo's lovers, so it decided to ditch Leo and started humping the old inkjet.

Reality

5/5/2010 12:29:13 pm

Oh, gosh, Leo, your litigation strategy of having all your cases dismissed, getting banned from the courts, racking up over a million dollars in judgments against you, and getting thrown in jail, well-- well, it just has everyone quivering. Piss off, you little circus midget.

Click here for more on the cuckold. link

5/7/2010 12:20:12 am

wow what a real ass. A printer he got! Now he's like a real law firm. Settle. Don't think so. Your going all the way to trial little man.

Americans for the Enforcement of Attorney Ethics