I thought you might be interested in reading the actual opinion of the In Re Sentinel Group case, which I have attached in PDF. It was very hard to find for some reason, and I had to access my Westlaw account in order to get it. I think it would be well worth your time to read it, as I am afraid that it appears to confirm what you have been saying.
The entire case reads like an after-the-fact rationalization of a predetermined conclusion. Years ago when I was with a different firm, I worked on numerous major institutional fraud and auditing cases, and I cannot recall a ruling even remotely similar - let alone from a federal court of appeals.
Please pay particular attention to the section on equitable subordination, on pages 6 through 8. Unbelievably, the court acknowledged in that section that even though some of the bankers lied under oath during the trial, that fact did not prove “sufficiently egregious” actions on the part of the bank.
I will quote the opinion: “Instead of finding that their testimony [i.e. their lies] justified a finding of egregious bank behavior, the district court essentially found that the bank officials were such artless liars that they couldn’t have been concealing deliberate wrongdoing.” See page 7, column 2.
So in other words, a U.S. Court of Appeals has found that if a banker lies under oath during a trial, that fact proves that the bank was innocent of any misconduct with respect to the subject matter of those lies. Did we get transported to bizarro world without knowing it?
Latest Action on North Carolina Bills with Actions in 2013
Click here for the latest status of legislation in the North Carolina General Assembly
Safety and Preparedness
NC Renegade encourages everyone to become self sufficient and continue education in all forms of safety and preparedness. The best overall site for this topic is Survival Blog by James Wesley Rawles. We strongly encourage you to visit this site and take advantage of its broad knowledge base.
Another excellent resource is Prep Tips.
North Carolina Patriot SitesAgent Pierce Alamance County Rangers Backwoods Engineer Bob Owens Carolina Plott HoundCliff's Notes Dr. Dan's Freedom Forum Free North Carolina For Love of God and Country Founders' Truth Jeremiah Farmer NC Gun Blog NC Links and Thinks NC Silencer Paul Revere Randys Right III SFMedic Silence Do Good 2010 Truth or Dare What Bubba Knows
Radio and TV Shows
North Carolina Republic
- Syria: Childhood Under Fire *videos* | ~~Defender of Faith~Guardian of Truth~~ on Russia says it will not allow Syria no-fly zones
- brocktownsend on Putin will address G8 summit as head of winning Syrian war camp
- brocktownsend on Dick Cheney: Snowden’s A ‘TRAITOR,’ Defends NSA Surveillance Programs
- Dave on US High School Recites Pledge In Arabic: “One Nation Under Allah”
- Dave on Russia says it will not allow Syria no-fly zones