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Is Michael NUTS?
Started by countryMomof4 at 2009/10/27 04:38PMLatest post: 2009/10/30 03:05AM, Views: 1372, Replies: 88
Eppy |
Where's ILuvNY - she's a former wall street trader - she would know about insider trading!! |
colormebadd |
Quote Eppy: Quote craigishot: Insider trading is a crime, no matter who told the Mustache or how he found out, he can get in trouble for taking his money out. That's a corrupt businessman. So either him or Nick are guilty of a crime. Insider trading has to do with stocks and securities and is a federal crime. What has this bank's financial failure to do with the stock market or insider trading. Banks don't deal in stock trades, do they? Stocks were not an issue with Victor's dealings with this bank. Exactly, unfortunately inside trading of stocks is what did Martha Stewart in. I see no crime in TGVN pulling his money out of that bank if Gloria/Jeff and Jill knew the bank was faltering they would have jumped ship too. |
BabyCharms |
Quote colormebadd: Quote Eppy: Quote craigishot: Insider trading is a crime, no matter who told the Mustache or how he found out, he can get in trouble for taking his money out. That's a corrupt businessman. So either him or Nick are guilty of a crime. Insider trading has to do with stocks and securities and is a federal crime. What has this bank's financial failure to do with the stock market or insider trading. Banks don't deal in stock trades, do they? Stocks were not an issue with Victor's dealings with this bank. Exactly, unfortunately inside trading of stocks is what did Martha Stewart in. I see no crime in TGVN pulling his money out of that bank if Gloria/Jeff and Jill knew the bank was faltering they would have jumped ship too. Exactly! I guess we will just have to wait and see what this is all about. |
craigishot |
[quote]Quote Lady53: [quote]Quote Eppy: [quote]Quote craigishot: Insider trading is a crime, no matter who told the Mustache or how he found out, he can get in trouble for taking his money out. That's a corrupt businessman. |
Gencor |
[quote]Quote craigishot: [quote]Quote Lady53: [quote]Quote Eppy: [quote]Quote craigishot: Insider trading is a crime, no matter who told the Mustache or how he found out, he can get in trouble for taking his money out. That's a corrupt businessman. |
Demus |
Quote craigishot: Quote Demus: Quote craigishot: Insider trading is a crime, no matter who told the Mustache or how he found out, he can get in trouble for taking his money out. That's a corrupt businessman. So either him or Nick are guilty of a crime. It doesn't take a rocket scientist to notice a failing business  Nick told Victor the bank in the Cayman's wasn't doing as well as expected and "he" (meaning Nick) felt they should pull their money out before it gets worse...they collapse. Victor listened and told him to go ahead and pull the money out. Even "other" investors/clients noticed Victor pulling out his money and they followed suit. The 3 Stooges were too late  If Jill, Gloria and Jeff weren't so busy minding everybody elses business, they would have known to #1 NOT PUT ALL THEIR CASH IN ONE BANK and #2 PAY ATTENTION TO YOUR POCKETS!!!! This is common sense and for Glo & Jeff to go to Michael AND for Michael to agree is beyond me.  But, I'm sure there's a twist in their somewhere  See, Michael "gets" Victor and he doesn't hate him. This is probably a way to keep an eye on Glo AND protect Victor/NE at the same time.While Victor is gone, Michael is his eyes and ears! He won't stray from that task!!!!! If it was a matter of just a failing business then the writers would not try to start up SL about it, because who would care about an off-shore bank failing? It does not take a rocket scientist to figure that out either A failing business is not as exciting as insider trading. How did these other investors know Victor was pulling money out? In the real world people do not discuss their finances with the public. Banks usually do not broadcast to the world that they are going under, until they are already in the dumps. So somebody is giving out information. It is common knowledge that people do offshore banking for shrewd purposes. Insider trading has been refereed to more than once regarding this bank situation, so it is not my rocket scientist degree that came up with the conclusion that somebody is committing a crime or getting themselves involved in one somehow. It also does not take a rocket scientist to figure out that even if Glo and Jeff were doing nothing at all and completely minding their own business they would still not know how to manage their finances...or lack of. OFF SHORRE BANK!!! Key words Once Victor pulled his cash out...the banks got nervous as any business would when there's a chunk of money being taken from them. Nick saw the bank wasn't doing good...numbers don't lie and most corporations/conglomerates/businesses pay top dollar for very keen accountants to keep an "eagle eye" on their money!!! Because of this, Nick had the gumption to pull the money out and Victor agreed. Plus they are taking "their money out" they aren't making money. NOTHING WAS BEING TRADED No harm in that. |
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Gencor |
Quote Demus: Quote craigishot: Insider trading is a crime, no matter who told the Mustache or how he found out, he can get in trouble for taking his money out. That's a corrupt businessman. So either him or Nick are guilty of a crime. It's not a crime to take YOUR money out! Now, if he "made" money of the deal...then it's a crime. Again, when we hear about banking institutions having trouble and you know you have a substantial amount of cash is the institution in question...if you were smart, you will take your money out and re-allocate those funds to a more secure intitution. Never keep your proverbial "eggs" in one basket. Especially if you are trying to hide money that you don't want to pay the taxes on. |
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Demus |
Quote Gencor: Quote Demus: Quote craigishot: Insider trading is a crime, no matter who told the Mustache or how he found out, he can get in trouble for taking his money out. That's a corrupt businessman. So either him or Nick are guilty of a crime. It's not a crime to take YOUR money out! Now, if he "made" money of the deal...then it's a crime. Again, when we hear about banking institutions having trouble and you know you have a substantial amount of cash is the institution in question...if you were smart, you will take your money out and re-allocate those funds to a more secure intitution. Never keep your proverbial "eggs" in one basket. Especially if you are trying to hide money that you don't want to pay the taxes on. That's what I'm thinking this is going to lead to. Tax evasion. BUT, we will have to find out where Nick had the money transferred to. Because the Newmans are multi-billionaires, it's not unusual for them to have an off-shore account or two or three. I'm sure neither of them had ALL of their money in this particular bank to it will be interesting to see where the writers go with this and how ADAM manipulates the situation
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craigishot |
Quote Demus: Quote craigishot: Quote Demus: Quote craigishot: Insider trading is a crime, no matter who told the Mustache or how he found out, he can get in trouble for taking his money out. That's a corrupt businessman. So either him or Nick are guilty of a crime. It doesn't take a rocket scientist to notice a failing business Nick told Victor the bank in the Cayman's wasn't doing as well as expected and "he" (meaning Nick) felt they should pull their money out before it gets worse...they collapse. Victor listened and told him to go ahead and pull the money out. Even "other" investors/clients noticed Victor pulling out his money and they followed suit. The 3 Stooges were too late If Jill, Gloria and Jeff weren't so busy minding everybody elses business, they would have known to #1 NOT PUT ALL THEIR CASH IN ONE BANK and #2 PAY ATTENTION TO YOUR POCKETS!!!! This is common sense and for Glo & Jeff to go to Michael AND for Michael to agree is beyond me. But, I'm sure there's a twist in their somewhere See, Michael "gets" Victor and he doesn't hate him. This is probably a way to keep an eye on Glo AND protect Victor/NE at the same time.While Victor is gone, Michael is his eyes and ears! He won't stray from that task!!!!! If it was a matter of just a failing business then the writers would not try to start up SL about it, because who would care about an off-shore bank failing? It does not take a rocket scientist to figure that out either A failing business is not as exciting as insider trading. How did these other investors know Victor was pulling money out? In the real world people do not discuss their finances with the public. Banks usually do not broadcast to the world that they are going under, until they are already in the dumps. So somebody is giving out information. It is common knowledge that people do offshore banking for shrewd purposes. Insider trading has been refereed to more than once regarding this bank situation, so it is not my rocket scientist degree that came up with the conclusion that somebody is committing a crime or getting themselves involved in one somehow. It also does not take a rocket scientist to figure out that even if Glo and Jeff were doing nothing at all and completely minding their own business they would still not know how to manage their finances...or lack of. OFF SHORRE BANK!!! Key words Once Victor pulled his cash out...the banks got nervous as any business would when there's a chunk of money being taken from them. Nick saw the bank wasn't doing good...numbers don't lie and most corporations/conglomerates/businesses pay top dollar for very keen accountants to keep an "eagle eye" on their money!!! Because of this, Nick had the gumption to pull the money out and Victor agreed. Plus they are taking "their money out" they aren't making money. NOTHING WAS BEING TRADED No harm in that. As I stated before I am not the one who insinuated insider trading Jack did ! If it was just a matter of taking money out, who would care, there is no SL there? Jack is insinuating that there is something more going at the bank than simply taking money out, not me. |
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Gencor |
Quote Demus: Quote Gencor: Quote Demus: Quote craigishot: Insider trading is a crime, no matter who told the Mustache or how he found out, he can get in trouble for taking his money out. That's a corrupt businessman. So either him or Nick are guilty of a crime. It's not a crime to take YOUR money out! Now, if he "made" money of the deal...then it's a crime. Again, when we hear about banking institutions having trouble and you know you have a substantial amount of cash is the institution in question...if you were smart, you will take your money out and re-allocate those funds to a more secure intitution. Never keep your proverbial "eggs" in one basket. Especially if you are trying to hide money that you don't want to pay the taxes on. That's what I'm thinking this is going to lead to. Tax evasion. BUT, we will have to find out where Nick had the money transferred to. Because the Newmans are multi-billionaires, it's not unusual for them to have an off-shore account or two or three. I'm sure neither of them had ALL of their money in this particular bank to it will be interesting to see where the writers go with this and how ADAM manipulates the situation We all pretty much know that Jill and Jeffery and Gloria and probably if the truth be told Chancellor and Jabot all have money floating around in off shore accounts. Usually and it is pretty common practice because of huge profits that corporations don't want to have to claim. In the case of Jill and Jeffery it could easily be that they were hiding money also as not to have to pay taxes. The Camens are famous for this but if Victor withdrew the money it had to be a huge amount for the bank to be going under. We don't know if this bank was under any kind of suspicion before this happened. We don't have all of the complicated facts yet. It could be that someone was under investigation and the bank was being audited. It may not have been caused by this cast of characters, but surely Victor was tipped off to remove his money, that we know. I do think that it is going to be about tax evasion. As for Michael, as I have said, he will be more interested in covering his butt and that of his interest and that includes Victor. He is pretty smart, and if they figure Adam in the mix, this could get just tooooo interesting! |
clicquot1 |
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clicquot1 |
Quote Demus: Quote clicquot1: HMMM! the thing is that the CAYMAN ISLANDS and the banking system there is known as a TAX-HAVEN for the very wealthy . The rich put their moneies, investment portfolios, and TAX-SHELTERS with bogus corporations there in the CAYMAN's to HIDE money from the U.S. GOVERNMENT. TGVN, JILL, and DUMB & DUMBER were "all" trying to HIDE money from the U.S. GOVERNMENT. It seems to me that TPTB were trying to shadow current events somewhat by having a bank collapse(there have been over ONE-HUNDRED collapse in the U.S. in the last year). In the U.S. many of us know that the FDIC insures depositers up to 100,000.00 and just recently I believe CONGRESS raised that to $250,000.00 which the banks in CAYMAN do NOT have their government backing federal deposits. Many of the depositors who are depositing in the CAYMAN ISLANDS are doing so because the are hiding monies or the money has come from illegal activities such as drug-running or illegal arms sales. I do find it very unusual for JILL to have all or most of her money in ONE bank because she has always been written to be an astute and savy businesswoman. DUMB & DUMBER, well that is another story altogether. TPTB may be going in another direction because PRESIDENT OBAMA has stated that he will go after people who are "hiding" money from the IRS! NICK did give TGVN some info about rumors of problems in the bank BUT even though BANKS rarely have all of the money that depositers have at the bank itself(because they are investing the cash to make more money)TGVN did cause a panic of sorts when he pulled his money out of the bank. It was his "right" to do so. I'm just not sure that the insider trading is something that the SEC(which governs the STOCK MARKET) or the FDIC(which governs U.S. banks) can do anything in this case because the bank is in the CAYMAN ISLANDS. Whatever happens it looks like to me that ALL concerned were trying to avoid paying TAXES to our governmenmt because they are/were GREEDY). as far as MICHAEL goes, it does look like a conflict of interest and I wounder if he could be disbarred. But maybe he will simply resign as TGVN's personal lawyer while ole VIC "slithers" out of town................................. Great Post!!!! I totally agree! Why, thank you DEMUS that does mean alot coming from you. |
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clicquot1 |
Quote Lady53: Quote clicquot1: HMMM! the thing is that the CAYMAN ISLANDS and the banking system there is known as a TAX-HAVEN for the very wealthy . The rich put their moneies, investment portfolios, and TAX-SHELTERS with bogus corporations there in the CAYMAN's to HIDE money from the U.S. GOVERNMENT. TGVN, JILL, and DUMB & DUMBER were "all" trying to HIDE money from the U.S. GOVERNMENT. It seems to me that TPTB were trying to shadow current events somewhat by having a bank collapse(there have been over ONE-HUNDRED collapse in the U.S. in the last year). In the U.S. many of us know that the FDIC insures depositers up to 100,000.00 and just recently I believe CONGRESS raised that to $250,000.00 which the banks in CAYMAN do NOT have their government backing federal deposits. Many of the depositors who are depositing in the CAYMAN ISLANDS are doing so because the are hiding monies or the money has come from illegal activities such as drug-running or illegal arms sales. I do find it very unusual for JILL to have all or most of her money in ONE bank because she has always been written to be an astute and savy businesswoman. DUMB & DUMBER, well that is another story altogether. TPTB may be going in another direction because PRESIDENT OBAMA has stated that he will go after people who are "hiding" money from the IRS! NICK did give TGVN some info about rumors of problems in the bank BUT even though BANKS rarely have all of the money that depositers have at the bank itself(because they are investing the cash to make more money)TGVN did cause a panic of sorts when he pulled his money out of the bank. It was his "right" to do so. I'm just not sure that the insider trading is something that the SEC(which governs the STOCK MARKET) or the FDIC(which governs U.S. banks) can do anything in this case because the bank is in the CAYMAN ISLANDS. Whatever happens it looks like to me that ALL concerned were trying to avoid paying TAXES to our governmenmt because they are/were GREEDY). as far as MICHAEL goes, it does look like a conflict of interest and I wounder if he could be disbarred. But maybe he will simply resign as TGVN's personal lawyer while ole VIC "slithers" out of town................................. ICAM - The voice of reason. The Feds and SEC can't do anyhting about off shore banks and accounts. That is why they are there. As for Michael, if he doesn't resign either in person or registered letter he could go before the bar association and yes either be disbarred (which I doubt)or reprimanded. Why, thank you LADY! Although I am NOT an attorney and I have never played one on T.V. I do know just a little about finance, banks, the stock market, and business! Thank you again for all your post where you have given us the benefit of your expertise! |
FL senior fan |
Quote mattiemom: Yes. YES, or maybe just a slow time on real clients? I also remember, somehow Nick knew and advised Victor about the overseas banking situation. Hoping Mike's "investigation" proves this, and once again Glo and Jeff OUT OF THE MONEY. Evidently the writers are going to keep these two in the story...so, I say...just let them purchase and squabble over a "winning" lotto ticket. That way finally have money! |
KeepingItReal |
Quote Eppy: Where's ILuvNY - she's a former wall street trader - she would know about insider trading!! She'll be on soon enough to clear this of. But I believe you are correct. But I wonder if Victor pulled out all his assets from the bank, as Jill stated, why did the Bank fold. It truely is unbelieveable that one man could flop a bank. |
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