A lot has been written about the mass wave of stupidity behind housing loans during the bubble era. But this is shocking beyond belief - <a href="http://www.nytimes.com/2009/02/21/nyregion/21scam.html?_r=1&partner=rss&emc=rss&pagewanted=all">Citibank falls for Nigerian 419 scam.</a>
Why are we giving these people taxpayer dollars?
- Thread starter WINEX_IHB
- Start date
green_cactus_IHB
New member
[quote author="WINEX" date=1235518474]A lot has been written about the mass wave of stupidity behind housing loans during the bubble era. But this is shocking beyond belief - <a href="http://www.nytimes.com/2009/02/21/nyregion/21scam.html?_r=1&partner=rss&emc=rss&pagewanted=all">Citibank falls for Nigerian 419 scam.</a></blockquote>
This wasn't your traditional 419 - rather, it was a scam that happened to be originating from Nigeria. Still bad - but not as funny.
This wasn't your traditional 419 - rather, it was a scam that happened to be originating from Nigeria. Still bad - but not as funny.
no_vaseline_IHB
New member
[quote author="WINEX" date=1235518474]A lot has been written about the mass wave of stupidity behind housing loans during the bubble era. But this is shocking beyond belief - <a href="http://www.nytimes.com/2009/02/21/nyregion/21scam.html?_r=1&partner=rss&emc=rss&pagewanted=all">Citibank falls for Nigerian 419 scam.</a></blockquote>
Answer:
Because we got rid of Glass-Steagal and allowed several banks (Wells, Citi, BoA) to become too large to fail. These guys successfully passed the risk from the shareholders to the taxpayers. Bravo.
Answer:
Because we got rid of Glass-Steagal and allowed several banks (Wells, Citi, BoA) to become too large to fail. These guys successfully passed the risk from the shareholders to the taxpayers. Bravo.
biscuitninja_IHB
New member
Wow, just wow. It always stuns me just how STUPID somepeople are. I can't believe anybody does ANY work with Nigeria.... at all.
-bix
-bix