MERGED: All About the Corona Impeachment

[Joseph20102011]

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DZRH Now: Malacanang admits that they assisted Conchita Carpio-Morales in preparing for her testimony at the Impeachment Court.

[plush]

LoL @ all this gullible sheeps.

The way he speaks, every word he utters mura og pa appeal sa emotions sa mga tao, mura og insult sa intelligence sa masses. im so disgusted with his drama. and what the hell di daw cya familiar with these banking terms like "liabilities", He was teaching Banking in one of the universities years ago. WTF!

and what do you call the people so easily swayed by every fake, unverified, bloated report the prosecution shows to the public? what do you call those people who raised hell when they were told corona had 45 properties, when in reality, 5 ra diay? or those people who went berserk when they were told corona had 82 dollar accounts amounting to $12M when in reality he only has 4 accounts with a value of around $2.4M only?

aren't they gullible sheeps too? if you're disgusted with Corona's drama, i too am disgusted with the prosecution's lies.

[carbrill]

wow grabe ka drama ni corona... mo too na unta ko nya pag present nya sa iynag side pag last tuesday but sa nahitabo mura na noon nya gi usikan ang salig nga gihatag sa uban senator judges nya...

[wak_wak]

Definition of 'Commingling (Commingled)'

by becivilized on Sat, 05/26/2012 - 21:30
The following information comes from a Banker

Definition of 'Commingling (Commingled)'

1. In securities, it is the mixing of customer-owned securities with brokerage-owned securities.

2. In trust banking, it is the pooling of individual customer accounts into a fund, a share of which is owned by each contributing customer. This is similar to a mutual fund.

3. In real estate, it is the illegal act of a broker combining clients' funds with personal funds because, by law, a broker is required to use a separate trust or escrow fund to temporarily hold a client's funds.

In all contexts, commingling is mixing funds so that they are considered the same material fund. For example, if you deposit a paycheck into an inheritance fund, the paycheck would not be considered separate funds but part of the inheritance fund. Thus, the paycheck is no longer considered separate property from the inheritance.

Q. What is meant by the term “commingled funds?”

A “financial account” includes any bank, securities, securities derivatives or other financial instruments accounts. The term includes any savings, demand, checking, deposit or any other account maintained with a financial institution or other person engaged in the business of a financial institution. Financial account also generally includes any accounts in which the assets are held in a commingled fund, and the account owner holds an equity interest in the fund (including mutual funds). Individual bonds, notes, or stock certificates held by the filer are not a financial account nor is an unsecured loan to a foreign trade or business that is not a financial institution.

The reference to “commingled fund” appears in the definition of the term “financial account” in which the assets are held in a commingled fund and the account owner holds an equity interest in the fund.

Following are my comments:

Therefore, since the account owner of the “commingled funds” is in the name of Cheat Justice Corona, it goes without saying that the interest earned in the fund goes to Corona and without doubt effectively is considered his additional asset and that by all means Corona has to include it in his SALN.

Wherefore, as Cheat Justice Corona failed to include it in his SALN, he has virtually violated the SALN law and should be convicted under Article II of the Articles of Impeachment.

[wak_wak]

University of the East (UE) College of Law Dean Amado Valdez told ANC’s “Dateline Philippines" that the prosecution was able to prove its allegation that Corona failed to disclose his true wealth in his Statements of Assets, Liabilities and Net worth (SALN)--with the help of the defense.

He said the presentation of hostile witnesses, including the Ombudsman, by the defense proved counter-productive to Corona's case.

“All the 3 charges were proven by the prosecution with the aid of the evidence from the defense, especially because all the charges are political in nature. It is about the perception of the people, it's not strictly legal,” he said.

Valdez noted that the testimony of Ombudsman Conchita Carpio-Morales hurt the defense because she was able to present an official document from the Anti-Money Laundering Council (AMLC).

“She presented an AMLC document, which is an official document. Unless you have proof that the documents are prefabricated, they are presumed to be regular. It produced the dollar accounts where it put him [Corona] in the corner and he had no other alternative but to testify and then deny that he does not have $10 million but only $2.4 million, which he still did not declare in his SALN,” he said.

[wak_wak]

It produced the dollar accounts where it put him [Corona] in the corner and he had no other alternative but to testify and then deny that he does not have $10 million but only $2.4 million, which he still did not declare in his SALN,” he said.

Mao diay napugos si Corona mag testify, kay if dili sya mu testify pasabot naa jud syay 10 Million USD.. sakto pud ni na strategy, if di mu gawas ang bitin sa lungag, aw, dauban, para mapugos ug gawas.. in the end sya na mismo ang ni angkon na naa sya dollar account.. hahaha..

[lespaulibanez]

Sorry for the late reply. I'm not saying they tried to "manipulate" the hospital in coming out results that favors the CJ. But I know based on my experience in and around the medical profession that "things can be done." I hate to mention the word "manipulate" because it connotes an all negative meaning.

You have to understand that medical conditions are not exact science. I saw the medical bulletin myself and i can tell you straight that not all doctors will agree to what the CJ's physician had advised against attending the hearing..

I got a hard time going back to the related posts because you were late. I'm kidding Ha ha ha. Nothing to be sorry about there mate.
"Manipulation" was mine actually.
I took it to mean: to adapt or change something to suit one's purpose or advantage.

The way i see it "things can be done" and not necessarily on the hospital where Midas Marquez father-in-law is.
Hence my previous comment.

[lespaulibanez]

i think its pretty obvious he did that because he cant bare the guilt, and later commit suicide. he was about to be called sa senate at that time. the guy was taas noo, well respected. karon na bulilyaso mao hikog kay na uwaw. even a grader can understand why he did that

Okay noted your explanation.

[lespaulibanez]

@klayton

nanimaws lang tos corona sir, siya man ang gi unhan ni morales. baws baws rana sila hehe. pero what if dli tinuod to tanan accusations ni morales? luoy kaayo si corona, gi tuyo to ni morales nga siya ni testify against coronas accounts kay she wants or abnoy wants the people to hear it coming from her. dako baya kaayo impact if ang ni testify against the chief justice is an ex justice. its was a perfect fabricated move by abnoy, his allies and the prosecutors

While your post is addressed to klayton, allow me to note nga ang depensa baya ang nagpatawag niya. Morales was subpoenaed as witness of the defense.
Yup i agree dako impact if ang ni testify against corona is an ex justice.

[who_cares?]

I never realize that incorrectly filling out SALN form can make you ride on a wheelchair and worst end up in the intensive care unit of the hospital..Ka kuyaw ug mao..This is a lesson to all government officials and employees.Be honest as possible...declare tanan..Honesty is the best policy and the truth will set you free.