In
the largest single bribe on record in the history of rigged-market nepotism,
the Umama Administration announced over the weekend that Fallutin National has
agreed to a tentative settlement that pays Washington $13 billion to make
various civil charges go away. The criminal
enterprise has already spent a reported $22 billion
since 2008 on an estimated 18 federal, state and overseas probes and has
reserved an additional $23 billion for litigation expenses, $6 billion shy of
their worst-case scenario.
A
figure close to $50 billion would represent something around a 25% hit to
Fallutin shareholders, as their equity came in a bit over $200 Billion on the
third quarter books, though factoring in the tax effect could reduce that
percentage impact significantly by the time all gets said and done. (Given the sheltering options in today's global environment, calculating after-tax pro-forma anything is a fool's errand, at best, so we can't help you with a number there).
The
settlement covers conduct leading to the Financial Apocalypse that devastated the
civilized world and Iceland half a decade ago, and leaves prosecution of
individuals on the table. So far
responsibility for the economic End of Days and its ongoing aftermath has been
placed on the shoulders of a single Frenchman, Fabulous Fab at Goldberg Styx,
and after so many years of waiting, many observers find it hard to believe that
anybody else will ever get fingered for anything.
Even
Fab wasn’t criminally charged, so technically nobody has ever been held
accountable.
Elsewhere,
internet media outlets report that China has intensified its investigations
into the corrupt practices of US corporations operating in that country.
Jeeze, we wonder why.
Jeeze, we wonder why.
