Eric Holder Attacks Mortgage Fraud!

[CuteOldGuy]

No, no, no. Not the bankers. They donate too much money to the campaign. But if you're a poor slob who gets suckered into a subprime loan - WATCH OUT! You goin' to jail, boy!

You know, since you all like to compare Obama to Bush, take a look at who went to jail in corporate scandals occurring under President Bush. CEO's like Ken Lay, and others. Bernard Ebbers, the former chief executive of WorldCom, went to jail. Dennis Kozlowski of Tyco received a lengthy prison sentence.

Under Obama, the customers get thrown in jail, not the perpetrators

But you people still love him. Crazy.

http://www.nytimes.com/2012/06/02/op...raud.html?_r=3

[CJ7]

lol

how the fuck do you blame Obie for this?

[CuteOldGuy]

Obama knows about the issue, and approves. Otherwise, Holder would be looking for work.

You don't understand how Washington works, either, do you? Contact a junior college in your area, after you get your GED, and take some classes. It will help.

[CJ7]

Originally Posted by CuteOldGuy

Obama knows about the issue, and approves. Otherwise, Holder would be looking for work.

You don't understand how Washington works, either, do you? Contact a junior college in your area, after you get your GED, and take some classes. It will help.

LMAO ... oh, ok. That settles that

[WTF]

I agree, they are going after the symptom, not the cause.

These guys at AIG should be in jail along with a shit load of people at the investment banks that sold dirty paper...along with the people at the rating agencies.

[Laz]

This is a perfect example of why bailing out anyone was a mistake. The guy that signed a loan knowing the data was incorrect deserved to lose the house. The bank that loaned him the money did not do their job and deserved to be stuck with a property worth less than the loan on it. The investors that hired the dumb managers deserved to lose there investment. If all of that had occurred the managers responsible would have been fired and the big banks would be much smaller banks owned by people that would be paying attention to their investment.

All of this whining about the bank made me do it is BS. Fraud committed by the loan officer or the client should be prosecuted. If it is ignored there is no reason for people to not do it in the future.

[CJ7]

Originally Posted by Laz

This is a perfect example of why bailing out anyone was a mistake. The guy that signed a loan knowing the data was incorrect deserved to lose the house. The bank that loaned him the money did not do their job and deserved to be stuck with a property worth less than the loan on it. The investors that hired the dumb managers deserved to lose there investment. If all of that had occurred the managers responsible would have been fired and the big banks would be much smaller banks owned by people that would be paying attention to their investment.

All of this whining about the bank made me do it is BS. Fraud committed by the loan officer or the client should be prosecuted. If it is ignored there is no reason for people to not do it in the future.

the devil is in the details Laz ..


Lehman was left alone and went down bigtime ..

AIG insured every major bank in the country AGAINST other major banks failing ... when Lehman went down AIG instantly owed Chase, GS, etc etc, and was was on the hook for billions and billions of $$ they didnt have ... hence their shady rescue that was decided on a weekend before the news got out and the bell rang Monday am.. and the games began. Paulson insisted the other banks be included to sort of mask the situation AIG was in, they didnt want to but were left no choice ... As much as I disapproved the bailouts too, I think if AIG went down they would have taken half the world with them and we would have been totally screwed .. TOTALLY


kinda the high spots but you get the idea

[IIFFOFRDB]

Originally Posted by CJ7

the devil is in the details Laz ..


Lehman was left alone and went down bigtime ..

AIG insured every major bank in the country AGAINST other major banks failing ... when Lehman went down AIG instantly owed Chase, GS, etc etc, and was was on the hook for billions and billions of $$ they didnt have ... hence their shady rescue that was decided on a weekend before the news got out and the bell rang Monday am.. and the games began. Paulson insisted the other banks be included to sort of mask the situation AIG was in, they didnt want to but were left no choice ... As much as I disapproved the bailouts too, I think if AIG went down they would have taken half the world with them and we would have been totally screwed .. TOTALLY


kinda the high spots but you get the idea

Huummm. I'm wondering if you typed this.

[WTF]

Originally Posted by IIFFOFRDB

Huummm. I'm wondering if you typed this.

Whom ever typed it, it is spot on.

[CuteOldGuy]

Maybe he took a class. Either that, or Bill Ayers wrote it for him.

[CJ7]

Originally Posted by CuteOldGuy

Maybe he took a class. Either that, or Bill Ayers wrote it for him.

I wrote it, and if you would have watched the two tapes I wanted to to see you would have known ...

needless to say there were a couple of typos that you morons missed so kiss my ass.