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Cake day: July 5th, 2023

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  • Because the bank was insured by the Federal Deposit Insurance Corporation (FDIC), the FDIC “absorbed the $47.1 million loss” after "Hanes’ fraudulent actions caused HTSB to fail and the bank investors to lose $9 million.

    his sentence of more than 24 years is 29 months longer than prosecutors had requested, NBC News reported.

    Here, the only reason he’s seeing jail time. Not because he stole, but he stole from the rich. Tanking a bank and losing poor peoples money won’t get you anything. But lose rich peoples money, and you’re going down. There are two justice systems in america, and you don’t have access to the one that works.








  • Morton Thiokol

    you mean Allan McDonald?

    Interestingly enough:

    The focus of the commission’s investigation shifted to the booster rocket O-rings, and the concerns and efforts of McDonald and his engineers to stop the launch which were ignored by NASA officials. McDonald’s comments to the commission led to him temporarily losing his position with Morton Thiokol, being demoted.

    The presidential commission was alarmed at Morton Thiokol’s decision to punish McDonald and introduced a joint resolution that threatened to prevent Morton Thiokol from receiving further contracts from NASA. Given the commission’s threat, Morton Thiokol promoted McDonald to vice president and tasked him with improving the rocket joints that failed during Challenger’s launch.

    Perhaps the U.S. govt needs to step in again to right the ship at boeing. Well, I’m being coy, of course the U.S. gov’t has to step up and do something. Companies should never be some sacred cow that we’re afraid of upsetting.




  • Christina Marie Chapman, 49, of Litchfield Park, Arizona, raised $6.8 million in the scheme, federal prosecutors said in an indictment unsealed Thursday. Chapman allegedly funneled the money to North Korea’s Munitions Industry Department, which is involved in key aspects of North Korea’s weapons program, including its development of ballistic missiles.

    Part of the alleged scheme involved Chapman and co-conspirators compromising the identities of more than 60 people living in the US and using their personal information to get North Koreans IT jobs across more than 300 US companies.

    Dey Terker’ Jerbs!