RE I dont care wrote on Aug 19, 2008 11:35 AM:
" I believe your submission should have been titled "I don't understand." You need to understand all of the facts and how a bank works to be making a statement like you did. Remember that there are two sides to every story. In the news, you will typically only hear the side that will grab the most interest from readers, not neccessarily the entire story. "
I dont care wrote on Aug 18, 2008 10:14 AM:
" I dont know how a bank works nor do I care. These Rules are put into place for a reason, and to think that Mr Oliver thought that he could just do as he pleases says alot about his character. He is lucky he didnt go to prison where he should be "
Hood wrote on Aug 15, 2008 8:21 AM:
" We need a few more Robin Hoods in todays society, this says it all. "
To REhe did not steal relearn banking...completely.... wrote on Aug 15, 2008 2:44 AM:
" Wow, you obviously have no idea how the banking system works, despite your previous claim. There is a HUGE difference between the current subprime mortgage mess and banks sometimes giving out new loans to what I would guess would probably be troubled clients- that would be like comparing Donald Trump in the early 90's to a person losing their house because their ARM adjusted to 20% - somewhat similar, but really very different. Second of all, a very little amount of taxpayer money has gone to bailing out banks (even Indymac was covered by the FDIC Insurance fund, which is a pre-established entity), compared to the huge amounts of frivolous spending that our gov't has done (remember the $500,000,000 bridge to nowhere?). Thirdly, i can't begin where to tell you how wrong you are about subprime mortgages, and a supposed element of theft to them? Do you know what a mortgage is? To the Fourth thing, I thought we had due process of law in the US, and that what you are charged with can often mean nothing. Anyway, I simply think that when passing judgment, one should understand all of the facts behind it, and not make up ideas to fit your argument. Not that I have any particular stance on the issue, but, stupidity like that post has gotta be called out...
PS- problems and motives with the tomah paper - anything new? "
Its been in the news all along wrote on Aug 14, 2008 9:49 PM:
" This isn't new news -- or even big news. It's been in the newspaper all along and is what it is. Keep up folks. "
REGood Man wrote on Aug 14, 2008 2:10 PM:
" GIVE ME A BREAK, this was criminal activity and he made a plea deal which meant he was guilty
Although there must be some agenda as to why this is surfacing now. As to whether or not he should have went to Jail that is another topic for discussion
I have to wonder WHY was this now reported upon when it's pretty darn clear this info should have been reported on in JUNE from the article
Does Steve Rundio have a problem personally with Oliver?
This seems rather strange to say the least especially when the Tomah Newspaper can't report the truth about Obama, Pelosi and other various Democrats messing up this country, they only seem to report on the Republicans messing up this country "
Good Man wrote on Aug 14, 2008 11:02 AM:
" Kevin is a good man. I agree with some of the other comments. Let it go media. This is old news and I question why this story is surfacing once again. I also question if there are hidden motives behind this most recent article. "
REhe did not steal wrote on Aug 12, 2008 5:11 PM:
" WELL, WELL, WELL how do you think we have such a serious financial crisis in this country at present?
The answer is exactly what all the lenders did for home mortgage loans to people that should never have been loaned to just as Oliver did.
You stated:
"Its not like he stole something... just let it go"
This means you have no understanding of how banking works at all.
This is EXACTLY what happened all around the country for the past 10-12 years and now the TAXPAYERS are bailing out the big banks right and left, Thankfully F&M is in good shape and seems not to many of these loans were made
"In 2006, F&M Bank brought civil action against Oliver. The bank accused him of extending loans without sufficient collateral, revising loans for less than the principal amount owed, rewriting problem loans to conceal their vulnerability, advancing money to customers with questionable payment histories and revising board minutes to conceal those activities"
This says it all, He should consider himself VERY LUCKY to not be going to prison for bank FRAUD
"The consent decree stated the FDIC had reason to believe Oliver engaged in unsafe or unsound banking practices and breaches of fiduciary duty and that the F&M Bank has suffered or will probably suffer financial loss and other damages, and the interests of the banks depositors have been or could be prejudiced.
WOW this statement by the FDIC says it all. If the F&M filed a civil action against OLIVER then was that settled as well? This article doesn't say if the CIVIL action is still pending or settled "
Motive wrote on Aug 12, 2008 4:41 PM:
" agreed to Aug 2007, but not made public until June 2008? Wasn't the 2007 action public information? Did the Journal not do their homework in 2007 or is this still a witch hunt to bring it foward a whole year later? Smells like other motives behind this story. "
none wrote on Aug 12, 2008 11:14 AM:
" This is just legal defamation of character. "
he did not steal wrote on Aug 11, 2008 3:49 PM:
" Its not like he stole something... just let it go "
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