Posts Tagged ‘banks’

Malkin et al on The Current Financial Crisis

Michelle Malkin once again is railing against government intervention in markets created and overseen by the government who are in crisis due to …. you guessed it, the government control of interest rates, financial regulation, the mortgage market, the tax system, international relations, trade treaties, and everything else that allows the free market to operate.

Naturally, of course, the “bail out” package didn’t result in an instant bull market rising 3000 pts today.

Of course, this is a sure sign that they shouldn’t be doing anything regarding the current crisis.

Is it just me, or are people who should know better just bloviating to hear themselves bloviate? Course, at least I’m willing to admit it. Those who are paid to scream from the rooftops will most likely decline to make such admissions.

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What do you mean, it’s not my money?

Don’t you just hate it when you find out that that multimillion dollar bank account doesn’t really belong to you, after all?

NEW YORK (AP) – A defense attorney in New York City says her client believed he was rightfully entitled to the $2 million he’s accused of stealing from a bank account managed by someone with the same name. Attorney Julie Fry says Benjamin Lovell “didn’t intend to steal from anyone.” She says he’ll explain in court what the bank told him that led him to believe the $5.8 million account was his.

The 48-year-old Brooklyn salesman has been arrested on grand larceny charges. A judge lowered his bail Friday from $1 million to $10,000 in cash.

Authorities say Lovell spent the misbegotten money on jewelry, cash gifts to friends and failed investments.

The account belonged to a trust, and a different Benjamin Lovell was a signatory on it.

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