If the answer is Yes what is the worst that could happen?
I do not know the answer - I'm just asking the question.
Former United Rentals CFO pleads guilty to making false filing
12/16/2007
The Associated Press reported last week that Michael Nolan, former chief financial officer for United Rentals, pleaded guilty in a Bridgeport, Conn., federal court to the charge of knowingly making false filings with the U.S. Securities and Exchange Commission (SEC). Nolan was charged with falsifying a December 2000 SEC filing, which inflated earnings by misclassifying a lease-buyback transaction. Several lease-buyback transactions were reclassified and earnings for 2000 through 2004 were restated by the company in early 2006.
According to the AP report, Nolan gained $11 million in profits by selling stock that was artificially inflated. He faces up to 10 years in prison, a $22 million fine and $11 million restitution. The AP story also says that others participated in and profited by the misstatement of earnings. Nolan left United Rentals in December 2002 and was replaced as CFO by John Milne, president of United Rentals at the time. The SEC notified United Rentals in August 2004 that the company was being investigated for certain accounting practices. Milne was fired in August 2005 for failing to cooperate with a committee of the company’s board in relation to the SEC investigation.
C'mon, False Statements In SEC Filings Are Not A Big Deal...
...They are just a technicality. And, if they are for a private investment company, rather than a publicly traded company, who is harmed? No one really relies on them. So what if Romney actually signed the SEC filings after 1999?
Washington, D.C., June 29, 2012 – The Securities and Exchange Commission today charged Peter Madoff, the brother of Bernie Madoff, with committing fraud, making false statements to regulators, and falsifying books and records in order to create the false appearance of a functioning compliance program over Madoff’s fraudulent investment advisory operations.
The SEC alleges that Peter Madoff, who served as Chief Compliance Officer and Senior Managing Director at Bernard L. Madoff Investment Securities LLC (BMIS) from 1969 to December 2008, created stacks of compliance documents setting out supposedly robust policies and procedures over BMIS’s investment advisory operations. However, Peter Madoff created these compliance manuals, written supervisory procedures, reports of annual compliance reviews, and compliance certifications to merely paper the file. No policies and procedures were ever implemented, and none of the reviews were actually performed even though Peter Madoff represented that he personally completed the reviews.
Slogan/motto:
love others as u love yourself... and thank God you dont have to like them
Reputation:
July 16th, 2012, 06:41 PM
Quote:
Originally Posted by bigbang123
Romney said he left Bain in 1999 before the "bad" things happened.
Here are two SEC filings from July 2000 and February 2001 in which Romney lists his “principal occupation” as “Managing Director of Bain Capital, Inc.”
I can just never get the o and m in the correct order when I type Rmoney. He is not a solution for this country. He is an example of the fundamental problem.
Republicans currently beating up on Romney regarding his taxes
Rick Tyler, a close and longtime advisor to former House Speaker Newt Gingrich
John Weaver, who served in a similar capacity in the campaign of former Utah Gov. Jon Huntsman
Rep. Ron Paul of Texas
Gov. Rick Perry of Texas
Conservative pundit William Kristol
Former party chairs Haley Barbour and Michael Steele
Pundits George Will, David Frum, the editors of National Review and, to a degree, the editorial page of the Wall Street Journal
Sen. John McCain, said on Tuesday that he had picked former Alaska Gov. Sarah Palin as his running mate because she was the best candidate for the job -- a sock to the jaw to Romney, who had been on McCain's veep list
Republicans currently beating up on Romney regarding his taxes
Rick Tyler, a close and longtime advisor to former House Speaker Newt Gingrich
John Weaver, who served in a similar capacity in the campaign of former Utah Gov. Jon Huntsman
Rep. Ron Paul of Texas
Gov. Rick Perry of Texas
Conservative pundit William Kristol
Former party chairs Haley Barbour and Michael Steele
Pundits George Will, David Frum, the editors of National Review and, to a degree, the editorial page of the Wall Street Journal
Sen. John McCain, said on Tuesday that he had picked former Alaska Gov. Sarah Palin as his running mate because she was the best candidate for the job -- a sock to the jaw to Romney, who had been on McCain's veep list
Romney’s vagueness is unique among modern presidential campaigns.
Romney has not released anything that matches “Renewing America’s Purpose,” the 457-page policy book that George W. Bush released during the 2000 election.
In 2008, John McCain ran on a far more detailed policy platform than Romney. To name just one example, like Romney, McCain promised to end the tax code’s discrimination against health insurance bought by individuals. But he told us how he would do it: by taxing employer-based insurance and using the savings to give families a $5,000 tax credit to put toward buying health insurance.
Three years after a homegrown financial crisis wrecked the global economy, the likely Republican nominee for president would repeal the new regulatory architecture and replace it with … something.
On deficit reduction, Romney’s plan “requires spending cuts of approximately $500 billion per year in 2016.” He has not released spending cuts that come anywhere close to that goal. He does have some nice words to say about the Ryan budget, but Romney advisers have told the media that their candidate disagrees with large parts of it, including the Medicare cuts.
The comparison to Obama is, again, instructive. Pages 23 through 37 of Obama’s budget detail dozens of spending cuts and tell you how much money they’ll save. You might not like those spending cuts, or you might want to see more. But at least you know the specifics of the president’s plan.
In health care, for instance, Obama signed the multi-thousand page Affordable Care Act into law, and has backed a number of specific reforms that would build upon the policy, including giving states waivers to go their own way while meeting the law’s standards and giving the independent Medicare board more power over benefit packages. Obama’s vision for the health-care system is almost absurdly detailed. Romney’s plan spans 369 words.
Bigbang123, you've got to stop posting the exact same things in different threads.
It's starting to cross the border into TruthSetsFree land.
"There was so much handwriting on the wall that even the wall fell down"
"In the long run of history, the censor and the inquisitor have always lost. The only sure weapon against bad ideas is better ideas. The source of better ideas is wisdom. The surest path to wisdom is a liberal education." – Alfred Whitney, Essays on Education
Don't you know
That it ain't a crime
If all the squares
And the junkmen
Think you're out of line
Bigbang123, you've got to stop posting the exact same things in different threads.
You mean like stop airing the same political ads on different channels - ok - the politicians first and I will follow.
Here is an example of what I mean.
A Candidate Whose Ads Are Never Off the Air
HONOLULU — Channel 110 is a choice spot on Hawaii’s digital cable dial, coming right after Fox News and right before CNN Headline News. These days, it is the home of LL12, a station that will soon devote every minute of every day to one topic: Linda Lingle, a Republican running for the United States Senate.
Don't know if this a legit book or just anti-Mormon hate speech.
You tell me.
DUMP ROMNEY: Why Tampa's Republican Delegates must Dump Romney to Defeat Obama [Paperback]
Sara and David Bethel (Author)
Price: $18.95
DUMP ROMNEY: Why Tampa’s Republican Delegates must Dump Romney to Defeat Obama, is based on a memo going to GOP delegates and officials of the August, 2012 Republican National Convention.
Given a weak incumbent and economy, it argues that Romney ought to be ahead in the race for the White House, yet he’s losing to President Obama by a projected 332-206 votes in the Electoral College, according to RealClearPolitics.com.
Meanwhile, New York Times political analyst Nate Silver rates Romney’s odds of victory at around 23%. The book contends that no delegates are actually “bound” to vote for Romney, that all are free to “conscientiously abstain” on the all-important first ballot and that to win the White House and toss-up Senate seats, Tampa’s conventioneers must exercise their “small-r” republican rights to dump the frontrunner for a better GOP ticket leader.
“DUMP ROMinee,” also argues that conventioneers must avoid Romney because much worse is ahead: If Romney heads the GOP ticket, crucial swing state voters will almost certainly reject him as they come to learn about his Mormon dogmas and personal history – and what they mean for explosive issues of race, religion and sexuality.
Citing a June Gallup poll which indicates 18% of Americans won’t vote for a Mormon, the book says, “No mere adherent, Romney presided as the LDS equivalent of Boston’s Cardinal Law. In 2008, Obama had his Jeremiah Wright problem; in 2012, Mormon Bishop Romney is Jeremiah Wright.”
Linear Mode
