• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Holder: Banks May Be Too Large to Prosecute

Somerville

Somerville

DP Veteran
Joined
Apr 29, 2012
Messages
17,856
Reaction score
8,334
Location
On an island. Not that one!
Gender
Undisclosed
Political Leaning
Socialist
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)

Holder: Banks May Be Too Large to Prosecute

Here’s an unexpected addition to the long list of people who say large banks may be too large to prosecute: Attorney General Eric Holder.

In recent weeks, critics have amped up a longstanding criticism of the government’s response to the financial crisis. They argue that regulators and prosecutors were too shy about pursuing criminal cases against banks.

Mr. Holder defended his agency’s track record in testimony Wednesday before the Senate Judiciary Committee. But he conceded that the economic impact of a conviction could be so significant that cases are difficult to pursue. my emphasis
Click to expand...

tooBigToJail.jpg​
 
sawyerloggingon said:
Holder is an inept buffoon that doesn't know his ass from a hole in the ground. He makes Biden look like an articulate genius.
Click to expand...

And thats being polite!!:2razz:

All joking aside Holder"s a joke!

The best thing that could happen would be for

Goldman Sachs , BOAs etc head honchos to do the perp walk!!

If it was good enough for Emron its good enough for these Aholes!!!:rantoff:
 
Holder is like the gift that keeps on giving.

First he armed the mexican drug cartels.
Then he argued that the president can legally put anyone in jail because he wants to.
Then he argued that there are legal grounds for the president to use the drones on US soil, on US citizens.
Now he won't prosecute banks.

This guy is Obama's protege.
 
This is excellent. I fervently hope Holder gets his way. I mean...openly, in full media view. Face facts. All the things he has said the pres or government CAN do, they have or will do. I only hope we keep Holder around to shine light onto it...make it non Black Ops, so to speak...so the American people can KNOW they are getting screwed, instead of just suspecting it.
 
Omg....Holder worked under Reno when Clinton pushed through the GSE Act and the The National Home Owner
Ship Strategy that forced banks under the re-inforced CRA to lower their lending standards.

Reno and Holder threatened to sue banks that would not comply. They extorted them to lend to low income individuals.

Clinton gave HUD regulatory power over the GSEs that mandated they buy low quality loans on a increasing scale through quotas.

To facilitate this Clinton replaced every top executive in the GSEs with his own corrupt cronies. Franklin Raines for ex.

You guys need to realize the banks were and ARE being shaken down. Holder just went after a couple of banks.

Obama as a plaintiffs attorney used to do the same thing. Go after banks for "discriminatory" practices.

I dont believe a word Holders saying and given the massive amount of information out there showing his complicit involvment under Clinton and Reno in the sub prime collapse it would appear he's trying to perpetuate the Democrat narrative of "blame the banks".

The banks were just adhering to regulations as were the GSEs.

Under which Administration were those mandates created ? It wasn't Bush's
 
Last edited:
sawyerloggingon said:
Holder is an inept buffoon that doesn't know his ass from a hole in the ground. He makes Biden look like an articulate genius.
Click to expand...

While I agree with the unbolded nothing could do the bolded. ;)
 
Fenton said:
Omg....Holder worked under Reno when Clinton pushed through the GSE Act and the The National Home Owner
Ship Strategy that forced banks under the re-inforced CRA to lower their lending standards.

Reno and Holder threatened to sue banks that would not comply. They extorted them to lend to low income individuals.

Clinton gave HUD regulatory power over the GSEs that mandated they buy low quality loans on a increasing scale through quotas.

To facilitate this Clinton replaced every top executive in the GSEs with his own corrupt cronies. Franklin Raines for ex.

You guys need to realize the banks were and ARE being shaken down. Holder just went after a couple of banks.

Obama as a plaintiffs attorney used to do the same thing. Go after banks for "discriminatory" practices.

I dont believe a word Holders saying and given the massive amount of information out there showing his complicit involvment under Clinton and Reno in the sub prime collapse it would appear he's trying to perpetuate the Democrat narrative of "blame the banks".

The banks were just adhering to regulations as were the GSEs.

Under which Administration were those mandates created ? It wasn't Bush's
Click to expand...


Irrational hatred of others does not provide for rational debate
 
Obama is really only interested in bankers doing what he wants, not whether or not it's legal. By making this threat the Obama administration can dictate to the banks as he sees fit under threat of unconnected legal action.
 
Fenton said:
Omg....Holder worked under Reno when Clinton pushed through the GSE Act and the The National Home Owner
Ship Strategy that forced banks under the re-inforced CRA to lower their lending standards.

Reno and Holder threatened to sue banks that would not comply. They extorted them to lend to low income individuals.

Clinton gave HUD regulatory power over the GSEs that mandated they buy low quality loans on a increasing scale through quotas.

To facilitate this Clinton replaced every top executive in the GSEs with his own corrupt cronies. Franklin Raines for ex.

You guys need to realize the banks were and ARE being shaken down. Holder just went after a couple of banks.

Obama as a plaintiffs attorney used to do the same thing. Go after banks for "discriminatory" practices.

I dont believe a word Holders saying and given the massive amount of information out there showing his complicit involvment under Clinton and Reno in the sub prime collapse it would appear he's trying to perpetuate the Democrat narrative of "blame the banks".

The banks were just adhering to regulations as were the GSEs.

Under which Administration were those mandates created ? It wasn't Bush's
Click to expand...

Watch the film "Inside Job".

BOTH parties are.screwing us in the name of the banks and Wall St.
 
Somerville said:
Irrational hatred of others does not provide
for rational debate
Click to expand...

I'm trying to explain that to you.

It's NOT IRRATIONAL if I provide data which youv'e clearly ignored.

Holders got you and others right where he wants you. Believing some BS liberal Narrative about the "eeebil banks" when there is volumes of data out there that shows they were forced to lower their lending standards under the Clinton regime.

And Obama has doubled down AGAIN on the CRA and now is targeting auto and student loans.

Holder just went after Wells Fargo. Wells Fargo initially refusef to take TARP money. You know why ?

They didin't make loans to poor people with jacked up credit and no work history.

Wake up. You bitch about the banks and Obama but haven't spent 5 seconds researching what caused the banks to lower their standards or Fannie and Freddie to lower their standards in the first place.

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.

6 trillion of GSE debt sits on the Treasuries books, and you blame the banks who were following regulatory controls through the CRA and though HUD.

Irrational my ass. I have supplied pages worth of data to support my claims. Dont let the people who caused the collapse influence your better judgment.
 
Last edited:
This happens to rich people all the time. "What's that? He drove drunk and killed a man? Well, we can't send him to jail, think of how it would affect his business which creates so many jobs!"
 
Rainman05 said:
Holder is like the gift that keeps on giving.

First he armed the mexican drug cartels.
Then he argued that the president can legally put anyone in jail because he wants to.
Then he argued that there are legal grounds for the president to use the drones on US soil, on US citizens.
Now he won't prosecute banks.

This guy is Obama's protege.
Click to expand...

Do I hear Holder-Obama 2016?
 
Fenton said:
I'm trying to explain that to you.

It's NOT IRRATIONAL if I provide data which youv'e clearly ignored.

Holders got you and others right where he wants you. Believing some BS liberal Narrative about the "eeebil banks" when there is volumes of data out there that shows they were forced to lower their lending standards under the Clinton regime.

And Obama has doubled down AGAIN on the CRA and now is targeting auto and student loans.

Holder just went after Wells Fargo. Wells Fargo initially refusef to take TARP money. You know why ?

They didin't make loans to poor people with jacked up credit and no work history.

Wake up. You bitch about the banks and Obama but haven't spent 5 seconds researching what caused the banks to lower their standards or Fannie and Freddie to lower their standards in the first place.

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.

6 trillion of GSE debt sits on the Treasuries books, and you blame the banks who were following regulatory controls through the CRA and though HUD.

Irrational my ass. I have supplied pages worth of data to support my claims. Dont let the people who caused the collapse influence your better judgment.
Click to expand...


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.
 
Somerville said:
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)



Click to expand...

[h=5]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[/h]
 
Last edited:
I forget which one, but I think either the AG of New York or New Jersey has started going after the banks and executives.
 
Banks May Be Too Large to Prosecute
Click to expand...

if true, they are too large to exist.

if false, they are still too large to exist.

capitalism works because of competition, not in spite of it.
 
danarhea said:
[h=5]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[/h]
Click to expand...


Senator Warren (D-MA) is a tad upset with AG Holder
During a Senate Banking Committee hearing, the new Democrat on the block from Massachusetts questioned why banking institutions, such as HSBC, have been allowed to get off so easy with the Justice Department.

In December, the U.S. government reached a deal with the British bank, which agreed to pay more than $1.9 billion in fines to settle charges of money laundering for Mexican drug cartels and completing transactions for countries under U.S. sanctions. Yet, no criminal charges were filed against individuals within the company.
Click to expand...


AG Holder's words
U.S. Attorney General Eric Holder admitted it’s hard to prosecute these megabanks who are in the wrong and argued it could do more harm than good.

“I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if we do prosecute — if we do bring a criminal charge — it will have a negative impact on the national economy, perhaps even the world economy,” Holder said on Wednesday. “I think that is a function of the fact that some of these institutions have become too large.”
Click to expand...

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
Gerri Willis of Fox Business News just can’t get over the amount of support the U.S. government gives big banks. We support them, she said, citing Elizabeth Warren’s comments to Ben Bernanke during a Senate hearing yesterday, to the tune of $83 trillion (over what time frame is left unspecified). “Some $83 trillion, $83 trillion,” she told House Financial Services Committee Chairman Jeb Hensarling yesterday. “You know, I can’t get over that number.”

“Absolutely,” Hensarling replied.
Click to expand...

Senator Warren actually said $83 Billion - not Trillion. For an explanation of that figure - link
 
Somerville said:
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)



Click to expand...

Be proud of your dear leader, you voted for him.
 
Somerville said:
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
Click to expand...

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?
 
Somerville said:
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.
Click to expand...

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.
 
AlabamaPaul said:
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?
Click to expand...


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.
 
danarhea said:
[h=5]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[/h]
Click to expand...

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.
 
Somerville said:
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)



Click to expand...


If the government can force Ma Bell to break up, it can force these big banks to do the same.
 
You must log in or register to reply here.
Back
Top Bottom