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Holder: Banks May Be Too Large to Prosecute

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.
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Exactly! Holder won't pursue prosecution BECAUSE he can't win, period!


Tim-
 
Fenton said:
Shes doing a great job of perpetuating the " eeebil bank" BS narrative thats foe sure.
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So Holder's an idiot for not holding them accountable, but the "eeebil bank" narrative is BS....So the banks aren't evil and shouldn't be prosecuted, but Holder should prosecute them anyway?

If a Democrat told you the sky was blue, you'd disagree wouldn't you?
 
Hicup said:
Exactly! Holder won't pursue prosecution BECAUSE he can't win, period!


Tim-
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So they're not wrong and didn't do anything wrong....why would Holder prosecute them?
 
rocket88 said:
So they're not wrong and didn't do anything wrong....why would Holder prosecute them?
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He shouldn't, and won't. They're not prosecuting (And believe me if there was a sliver of a chance they would) because they'd ruin the narrative that it was all evil Wall St.'s fault. They would have done it back in 09 which would have put the icing on the cake that was the narrative that Wall St is evil, and fat cat rich guys need to pay up, or go down. Obama would have jumped at that chance, but he knew, or was probably told that "Hey Mr. Prez, it's probably not a great idea to take these scum suckers to court - we would expose too much truth to the American public, and that ain't gunna be good for us, and our message"..


Get the picture yet?


Tim-
 
Hicup said:
He shouldn't, and won't. They're not prosecuting (And believe me if there was a sliver of a chance they would) because they'd ruin the narrative that it was all evil Wall St.'s fault. They would have done it back in 09 which would have put the icing on the cake that was the narrative that Wall St is evil, and fat cat rich guys need to pay up, or go down. Obama would have jumped at that chance, but he knew, or was probably told that "Hey Mr. Prez, it's probably not a great idea to take these scum suckers to court - we would expose too much truth to the American public, and that ain't gunna be good for us, and our message"..


Get the picture yet?


Tim-
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But most of the thread was "Holder's useless for not prosecuting them," now you're saying he shouldn't. It seems smart to me to not prosecute someone who didn't do anything wrong.

The rest of it is just playing politics, which really I don't get myself up in a lather over. Happens all the time in Washington or any of the 50 state capitals.
 
Harshaw said:
I have yet to find anyone who can explain
exactly what laws "Wall Street" or the
banks broke in the financial
meltdown, and who exactly (as in, PEOPLE) is responsible and should be prosecuted. Sure, lots of talk of "prosecution," but precious little of what exactly to prosecute FOR.

You can SAY "things suck now and I'd feel better if someone went to jail," but that's not how it works.
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They didn't break any laws, they followed regulations. Mandates under the expaned and re-inforced CRA laws instituted under The National Home Owners Strategy in 1995 forced banks to lend to people at 80% or lower than the median income in their communities.

Fannie and Freddie bundled billions in low quality loans and mixed them with good mortages and poisoned the world financial markets with toxic securities.

The GSEs were under HUD regulatory control to buy up banks trash mortgages.

Its a a BS left wing narrative. Blame the banks....

But let the people who Forced the GSEs to buy up low quality loans and securitize them let a pass.

The truth is the last 10 years of media and left wing outrage is BS.
 
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rocket88 said:
But most of the thread was "Holder's useless for not prosecuting them," now you're saying he shouldn't. It seems smart to me to not prosecute someone who didn't do anything wrong.

The rest of it is just playing politics, which really I don't get myself up in a lather over. Happens all the time in Washington or any of the 50 state capitals.
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What's he going to prosecute them for? They did NOTHING illegal, this too big to fail, or too big to jail nonesense is a smokescreen.


Tim-
 
Hicup said:
What's he going to prosecute them for? They did NOTHING illegal, this too big to fail, o
r too big to jail nonesense is a smokescreen.


Tim-
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Thank you...

Someone with some sense. Maybe this Country still has a fighting chance.
 
rocket88 said:
So Holder's an idiot for not holding them
accountable, but the "eeebil bank"
narrative is BS....So the banks aren't evil and shouldn't be prosecuted, but Holder should prosecute them anyway?

If a Democrat told you the sky was blue, you'd disagree wouldn't you?
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I come from a family of University Liberals, highly educated but isolated in their ideology.

We agree on many things but they know better not to confront me with their BS narratives.

Holder and Warren cant pretend anymore they're concerned with the cartels money being laundered.

Not when Holder armed them with thousands of American guns and then hid behind his position.
 
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)



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This is the one subject that really pisses me off. Reagan sent off tons of white collar criminals during the Savings and Loan disaster. Obama and Holder don't do ****.
 
Hicup said:
Exactly! Holder won't pursue prosecution BECAUSE he can't win, period!


Tim-
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Or that Obama’s 2008 campaign received $42 million, more than any other candidate in history, from Wall Street bankers and financial insiders. Obama’s campaign raised $42.2 million from the finance, insurance and real estate sector. That was up from the $35.9 million that Bush raised for reelection in 2004.

Obama, as a senator, also voted for the Wall Street bailout in 2008.
 
Grant said:
Or that Obama’s 2008 campaign received $42 million, more than any
other candidate in history, from Wall Street bankers and financial insiders. Obama’s campaign raised $42.2 million from the finance, insurance and real estate sector. That was up from the $35.9 million that Bush raised for reelection in 2004.

Obama, as a senator, also voted for the Wall Street bailout in 2008.
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Yep, he's been Wall Streets and the banks biggest buddy, as millions of Americans deal with chronic unemployment.
 
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.
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He should lose his job and possibly be imprisoned, for criminal negligence in the very least.
 
Does anyone understand how ridiculous this **** is?

Prosecute banks?

For what exactly? for the federal government using banks like puppets?

This administration is truly astounding...

These progressive idiots manifest policies and when they don't work they point fingers while continuing to believe they know what's right.

It's like a little kid redundantly sticking his finger in a light socket thinking thinking there is going to be a different outcome if he/she tries it again - then blaming the light socket for not giving the desired outcome.
 
Fenton said:
Your selective outrage over a BRITISH bank is enlightening.

Hate those drug cartels don't you Rob.

That is unless Holders supplying them with thousands of fully automatic weapons and then you pipe down. Even when a US border guard loses his life.

Your rage subsides and you scoff at something that has been proven, not something thats part of a bankrupt narrative.

Again, what power would holder have over the BRITISH BANK HSBC ? Holder who refuuses to be accountable for the gun running scam ?

What else are the mean ole banks doing ?
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Just a quick question. When the hell will you ever be able to stick to a topic without rambling into an alternate universe?
 
Gregg Lippman was the head of CDO trading at Deutsche bank. He shorted mortgage security products and called them in "crap" in internal emails at the same time Deutsche Bank was selling the same products to clients. That is fraud and should have been prosecuted. The only difficultly with Holder is in trying to determine whether his incompetence is greater than his corruption.
 
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)



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When will people learn that democrats kiss the asses of businesses too?
 
jamesrage said:
When will people learn that democrats kiss the asses of businesses too?
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Probably not until after the far-right party stops labeling the center-right party as "liberal".
 
ChunkySalsa said:
Probably not until after the far-right party stops labeling the center-right party as "liberal".
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But you have these positions all staked out and classified correctly, including 'slightly liberal', huh?
 
poweRob said:
Just a quick question. When the hell will you ever be able to stick to a topic without
rambling into an alternate universe?
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It's not rambling, its the continuous expose of a corrupt ideology, and its empty narratives.

I wouldn't say a word if not for the massive amount of ammo you guys offer up.

What's even more troubling is the fact you see these two things as isolated and unattached
 
Grant said:
But you have these positions all staked out and classified correctly, including 'slightly liberal', huh?
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Nope; I'm barely astute enough to see something as obvious as big business backing and a notable discrepancy between actions and rhetoric. Not terribly insightful, I know, but at least I'm not so far gone as to disingenuously play coy with a flimsy veil of "independent" while consistently flopping in one direction.
 
Fenton said:
It's not rambling, its the continuous expose of a corrupt ideology, and its empty narratives.

I wouldn't say a word if not for the massive amount of ammo you guys offer up.

What's even more troubling is the fact you see these two things as isolated and unattached
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So, in your universe mortgage fraud and laundering drug cartel money are part and parcel of the same thing?

Whatever that 'thing' may be.
 
Fenton said:
Yep, he's been Wall Streets and the banks biggest buddy, as millions of Americans deal with chronic unemployment.
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Why can't we find an alternate way of being paid our salaries?

At the moment..everyone is forced to have it paid into a bank..

Let's take power back..and decide what we want to do with our money!!
 
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