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I would rather reserve that term for the individuals on the other side of John Paulson's transactions, who left the rest of us to deal with the consequences.
That, experts said, suggests that anyone with specific knowledge of the transactions who sold Enron shares could also be held accountable.
"This was pure speculation — European banks like Deutsche Bank were desperately trying to get rid of these things," said a Cypriot banker familiar with the transactions who was not authorized to speak publicly.
There were weapons in the holds those cargo planes & whether or not the middlemen were going to terminate each other in some vague, metaphorical way--there were people coming under the shadow of these transactions who were going to be terminated in the literal sense: Iranian & Iraqui soldiers, Nicaraguan peasants & perhaps others.
"The program works for people who were willful, who structured their transactions, who hid the existence of the accounts or knew about the rules and didn't file — they shouldn't opt out because the willful penalties are quite severe," said Jim Mastracchio, co-chairman of the tax controversy practice at Baker Hostetler, a law firm in Washington.
There were weapons in the holds those cargo planes & whether or not the middlemen were going to terminate each other in some vague, metaphorical way--there were people coming under the shadow of these transactions who were going to be terminated in the literal sense: Iranian & Iraqui soldiers, Nicaraguan peasants & perhaps others..
Similar(49)
Opponents of the transaction, who include Bill Lockyer, the state treasurer, and John Chiang, the controller, say it is a terrible deal that smacks of cronyism.
But two people close to the transaction, who spoke only on condition of anonymity, say AT&T has already started traveling down those dual tracks.
But two people with direct knowledge of the transaction, who were not authorized to speak about it, said it was for a little more than $50 million.
"It is not done until it's done," said one banker involved in the transaction, who spoke on condition of anonymity.
The HSBC building also has 24,000 square feet of retail, and a deal is near for a Staples office supply store to move in, said brokers familiar with the transaction who were not authorized to speak publicly.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com