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Thread: Holder: Banks May Be Too Large to Prosecute

  1. #21
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    Re: Holder: Banks May Be Too Large to Prosecute

    Quote Originally Posted by Somerville View Post
    If it doesn't fit your beliefs then we find
    your responses tend to wander off the
    topic of the thread. This thread is NOT ABOUT BAD MORTGAGES AND THE CRA - PLEASE PAY ATTENTION!

    Atty General Holder in testimony before Congress stated that the primary reason for the failure of the Obama DoJ to prosecute the mega banks for their on-going fraud and illegal actions is tied to the fact that said banks have reached a place in the world economy so significant that if one of them were to be shut down, the economic repercussions would be highly detrimental to the economy.

    THIS THREAD IS NOT ABOUT THE PROBLEMS RESULTING FROM MORTGAGE LOAN FRAUD.

    Your hatred of the present Administration apparently means that only those 'facts' you believe to be true are acceptable in any discussion regarding the "too big to fail" banks. For instance you state: "You realize that over 2/3 of all low quality, sub-prime alt-a loans was on the books of Government backed or insured entities and Fannie and Freddie owned 65% of it." A true statement BUT true only as the financial crisis began to reach its peak, just before the collapse.

    Your 'facts' come only from sources that refuse to accept the complexity of the financial crisis, you beat the same drum to the point that it needs a new skin.

    The people who "caused the collapse" for the most part benefited greatly from their practices but again: THIS THREAD IS NOT ABOUT THE PROBLEMS RESULTING FROM MORTGAGE LOAN FRAUD.
    WHAT FRAUD ??

    AND THE COMPLEXITY OF THE FINACIAL CRISIS ? LOL !!

    The GSEs poisoned the world securities market by bundling good loans with crap loans and selling CDOs to the to investment banks as AAA securities that could NEVER be evaluated.

    Cmon, throw some of that "complexity" my way. One of my sources was on the ****ing comission that was appointed to find out WHY it happened.

    I posted that information to give you some context to Holders ambitions. Banks were never villified prior to the sub-prime collapse and the "too big to fail" moniker was placed upon them by the media. Dont be so gullible to believe it.

    What did you do, rent the Movie ? Its fiction.

    Holder sued Wells Fargo. You want to know why ? They refused to take part in the sub-prime mess.

    Holders lying, its clear, his lips are moving. He and BO both shook down banks.

    wise up. Prior to the 90's banks wanted to enforce their lending standards to STAY IN BUSSINESS.

    Youv'e just teamed up with the 99%ers who are clueless.

  2. #22
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    Re: Holder: Banks May Be Too Large to Prosecute

    Quote Originally Posted by AlabamaPaul View Post
    People misspeak numbers all the time. Were you equally as outraged when Maxine Waters stated sequestration would cause the loss of 170 "million" jobs in the US?

    I wasn't "outraged" in either instance. An individual politician mis-speaking, I do however, see as somewhat different than a supposed reporter of news who has a team of researchers to provide accurate information, has a script in front of her as she appears on camera and finally - has a connection to offscreen support thru an ear phone. The Congresscritter has the researchers but doesn't usually have a script to read from nor does she have an audio connection to someone who can correct her as she speaks.
    “And I have no doubt that every new example will succeed, as every past one has done, in shewing that religion & Govt will both exist in greater purity, the less they are mixed together.”
    ~ James Madison, letter to Edward Livingston, July 10, 1822

  3. #23
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    Re: Holder: Banks May Be Too Large to Prosecute

    Fenton

    You are losing it.

    Stay on topic, please
    “And I have no doubt that every new example will succeed, as every past one has done, in shewing that religion & Govt will both exist in greater purity, the less they are mixed together.”
    ~ James Madison, letter to Edward Livingston, July 10, 1822

  4. #24
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    Re: Holder: Banks May Be Too Large to Prosecute

    Quote Originally Posted by danarhea View Post
    Big banks, otherwise known as
    corporate welfare queens, loot America and the tax payers, and the Obama Administration tells us that they are too big to fail, so we should be nice to them and let them live.

    NO bankster is too big to fail. Look what Teddy Roosevelt did with the trusts when he was president. What America needs right now is a Teddy Roosevelt for the banksters. If I was president, the first thing I would do in office would be to shut down those banks that were run into the ground, and jail those who ran them into the ground for fraud.

    **** Obama, and **** the banksters.

    /RANT

    You would, and let the politicians and appointees who jacked up 6 trillion in tax payer debt run free.

    Franklin Raines walked away with close to 80 million and a fine for his corruption.

    Obama's not going after the "big ole meanie " banks for a reason.

    Becausr they're just a prop, a "too big to fail" diversion.

    Holder under Reno sued them or threatened to sue them and Obama as a plaintif lawyer sued them in Chicago.

    Its called a shakedown. A brother's gotta get paid yo.

    Same **** Jesse Jackson does on a regular basis.

    Go ahead " shut them down", and whats left of the economy with them.

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    Re: Holder: Banks May Be Too Large to Prosecute

    Quote Originally Posted by Somerville View Post
    Funny how our "Socialist" President and his lick-spittles and lackies, all of whom were trained in the Alinsky Academy of Anarchy and Fascism are allowing those corporate overlords free rein as said banks continue to profit from illegal activities (that was sarcasm for those like Sheldon Cooper who don't understand sarcasm)




    If the government can force Ma Bell to break up, it can force these big banks to do the same.
    This Reform Party member thinks it is high past time that we start electing Americans to congress and the presidency who put America first and their political party further down the line. But for way too long we have been electing Republicans and Democrats who happen to be Americans instead of Americans who happen to be Republicans and Democrats.

  6. #26
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    Re: Holder: Banks May Be Too Large to Prosecute

    Quote Originally Posted by Somerville View Post
    I wasn't "outraged" in either instance. An individual politician mis-speaking, I do however, see as somewhat different than a supposed reporter of news who has a team of researchers to provide accurate information, has a script in front of her as she appears on camera and finally - has a connection to offscreen support thru an ear phone. The Congresscritter has the researchers but doesn't usually have a script to read from nor does she have an audio connection to someone who can correct her as she speaks.
    You obviously don't watch C-Span much, or you'd notice that most "Congresscritter" [sic] speak from prepared remarks. I would find it quite distracting to try to speak while someone else was speaking in my ear...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

  7. #27
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    Re: Holder: Banks May Be Too Large to Prosecute

    Quote Originally Posted by Somerville View Post
    Fenton


    You are losing it.

    Stay on topic, please
    I read the topic.

    I'll stop "losing it" long enough for you to explain your outrage.

  8. #28
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    Re: Holder: Banks May Be Too Large to Prosecute

    Quote Originally Posted by Somerville View Post
    Senator Warren (D-MA) is a tad upset with AG Holder



    AG Holder's words


    In a response to Senator Warren's words during the hearing, we get yet one more example of the level of 'journalism' to be found on the Fox network, in this instance Fox Business


    Senator Warren actually said $83 Billion - not Trillion. For an explanation of that figure - link
    Elizabeth Warren is doing a damn fine job bringing this issues up. I hope she keeps up the fight.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

  9. #29
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    Re: Holder: Banks May Be Too Large to Prosecute

    Quote Originally Posted by Perotista View Post
    If the government can force Ma Bell to break up, it can force these big banks to do the same.
    Exactly. Good evening pero...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

  10. #30
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    Re: Holder: Banks May Be Too Large to Prosecute

    Quote Originally Posted by AlabamaPaul View Post
    Exactly. Good evening pero...
    Howdy AP, good to see you. This site is great isn't it. Not much name calling like the old site.
    This Reform Party member thinks it is high past time that we start electing Americans to congress and the presidency who put America first and their political party further down the line. But for way too long we have been electing Republicans and Democrats who happen to be Americans instead of Americans who happen to be Republicans and Democrats.

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