Federal Reserve Lost in Court - Must Disclose Bank Bailout info

[Neubarth]

you dont think regulators knew about AIG too?

You are probably right, the regulators probably knew. I was just kind of parroting what I heard on MSNBC.

From what I have pieced together all the banks were operating under the assumption that all these toxic assets were going to be backed by the Government. This shadow backing was created by the Clinton administration when they allowed banks to create & sell bad loans to Fannie, Freddie & other government backed institutions like pension funds. This turned the entire banking system into a Government Sponsored Enterprise. This was all done to create affirmative action lending in order to not deny credit to anyone. Clinton moved his office to Harlem believing this would rebuild the inner cities & make him like a god to them.

Wow, Now we have Government Sponsored Health Insurance. I can see the writing on the wall now.

Socialism rewards a few very rich & poor at GREAT EXPENSE to many slaves & this quasi Government Sponsored Enterprise system is even worse. Man we are stupid, stupid, stupid.

Read up on the Savings and Loan crisis and you will know why the banks expected Government intervention on their side. I personally favor execution of the corrupt bank officers who brought us this mess. Attacking the FED as if they authorized this corruption is wrong. Congress deserves the blame for the corruption that was allowed to run rampant in the finance industry. There is no excuse for relaxing the oversight of banking, knowing their horrible track record for abusing rules and regulations to make a quick profit.

Blaming the Clinton administration is wrong. most of the gross violations occurred in the time period of the period of 2002-2007. At the time I told my wife that when you see all of these minorities getting preapproved loans, you know that there if no oversight of banking, just like there was no oversight of the Savings and Loans in the 1970's.

 

[KissMy]

Read up on the Savings and Loan crisis and you will know why the banks expected Government intervention on their side. I personally favor execution of the corrupt bank officers who brought us this mess. Attacking the FED as if they authorized this corruption is wrong. Congress deserves the blame for the corruption that was allowed to run rampant in the finance industry. There is no excuse for relaxing the oversight of banking, knowing their horrible track record for abusing rules and regulations to make a quick profit.

Blaming the Clinton administration is wrong. most of the gross violations occurred in the time period of the period of 2002-2007. At the time I told my wife that when you see all of these minorities getting preapproved loans, you know that there if no oversight of banking, just like there was no oversight of the Savings and Loans in the 1970's.

No, It started in 1995 & you can see in this chart below when the home prices took off in 1997 as subsequent actions were taken & laws were passed

Government poured on the pressure & sued banks into lending.
[ame="http://www.youtube.com/watch?v=ivmL-lXNy64"]Affirmative Action Lending[/ame]
You can read more in my other thread but most of the OP was deleated.

 

[antagon]

you dont think regulators knew about AIG too?

You are probably right, the regulators probably knew. I was just kind of parroting what I heard on MSNBC.

From what I have pieced together all the banks were operating under the assumption that all these toxic assets were going to be backed by the Government. This shadow backing was created by the Clinton administration when they allowed banks to create & sell bad loans to Fannie, Freddie & other government backed institutions like pension funds. This turned the entire banking system into a Government Sponsored Enterprise. This was all done to create affirmative action lending in order to not deny credit to anyone. Clinton moved his office to Harlem believing this would rebuild the inner cities & make him like a god to them.

Wow, Now we have Government Sponsored Health Insurance. I can see the writing on the wall now.

Socialism rewards a few very rich & poor at GREAT EXPENSE to many slaves & this quasi Government Sponsored Enterprise system is even worse. Man we are stupid, stupid, stupid.

i think a single-source theory like that leaves too much evidence on the table as to how lenders privately hedged their loans in futures markets, and the intrinsic flaws those markets have.

if we subscribe to a singular angle on this clusterfuck, we'll be right back around to where we're at some time down the road. In fallouts like this the most hyped reasons aren't the the ones at the root. those are the details which the FED and their clients were hoping to keep in the dark.

 

[editec]

YOu guys on the futher right who sense that the FED is a big part of the problem in this nation are half way to understanding how things got so screwed up.

What you don't yet seem to understand is that the FED is the tool of the same people you do admire and think are VICTIMS of the federal goverment.

They're not the victims of the system, they're the masters of the system.

The own and control Congresss, the FED, the oval office, the media, the think tanks (both sides, too) most of the capital and all of our debt, most the real estate, the heavily endowned foundations, too.

But at least you're on the right path when you complain about the FED.

I find that very hopeful.

Now when enough American finally figure out that all this talk about socialism v capitalism (because we don't have either system, really) is a load of misdirecting hooey, THEN and only them do we have a chance in hell of creating a system that works in the best interests of this nation and the people in it.

Divide and conquer.

That's the game they play so well and those of you starting threads designed to enflame the liberal v conservative debate are unknowingly the willing tools of the people who are screwing you.

 

[Gadawg73]

you dont think regulators knew about AIG too?

You are probably right, the regulators probably knew. I was just kind of parroting what I heard on MSNBC.

From what I have pieced together all the banks were operating under the assumption that all these toxic assets were going to be backed by the Government. This shadow backing was created by the Clinton administration when they allowed banks to create & sell bad loans to Fannie, Freddie & other government backed institutions like pension funds. This turned the entire banking system into a Government Sponsored Enterprise. This was all done to create affirmative action lending in order to not deny credit to anyone. Clinton moved his office to Harlem believing this would rebuild the inner cities & make him like a god to them.

Wow, Now we have Government Sponsored Health Insurance. I can see the writing on the wall now.

Socialism rewards a few very rich & poor at GREAT EXPENSE to many slaves & this quasi Government Sponsored Enterprise system is even worse. Man we are stupid, stupid, stupid.

"created by the Clinton administration"
WRONG.
Created DURING the Clinton administration BY a Republican Congress and promoted by Republicans across the board.
Hate to break the news to you friend but the banks and Republicans have been hand in hand for 70 years now. Banks and financials HATE Democratic regulation.

 

[Douger]

Idiots.
Do you actually think some of those Jooz are going to fess up ?
The money is in IsNtReal..........
[ame=http://www.youtube.com/watch?v=Rp6-wG5LLqE]YouTube - Wont Get Fooled Again[/ame]

 

[KissMy]

"created by the Clinton administration"
WRONG.
Created DURING the Clinton administration BY a Republican Congress and promoted by Republicans across the board.
Hate to break the news to you friend but the banks and Republicans have been hand in hand for 70 years now. Banks and financials HATE Democratic regulation.

BULL SHIT!!! Big Banks Love Big Government. Bankers are currently making record profits under Obama. Big Banks were the Top Contributors to Barack Obama's Campaign

September 2007 - Barack Obama: "Subprime lending started off as a good idea, helping Americans buy homes who couldn't previously afford to. Financial institutions created new financial instruments that could securitize these loans, slice them into finer and finer risk categories and spread them out among investors around the country and around the world. In theory, this should have allowed mortgage lending to be less risky and more diversified."

April 2009 - Barack Obama: "difficult to imagine that the inability of somebody to pay for a house in Florida could contribute to the failure of the banking system in Iceland. Today what's difficult to imagine is that we did not act sooner to shape our future."

 

[Gadawg73]

"created by the Clinton administration"
WRONG.
Created DURING the Clinton administration BY a Republican Congress and promoted by Republicans across the board.
Hate to break the news to you friend but the banks and Republicans have been hand in hand for 70 years now. Banks and financials HATE Democratic regulation.

BULL SHIT!!! Big Banks Love Big Government. Bankers are currently making record profits under Obama. Big Banks were the Top Contributors to Barack Obama's Campaign

September 2007 - Barack Obama: "Subprime lending started off as a good idea, helping Americans buy homes who couldn't previously afford to. Financial institutions created new financial instruments that could securitize these loans, slice them into finer and finer risk categories and spread them out among investors around the country and around the world. In theory, this should have allowed mortgage lending to be less risky and more diversified."

April 2009 - Barack Obama: "difficult to imagine that the inability of somebody to pay for a house in Florida could contribute to the failure of the banking system in Iceland. Today what's difficult to imagine is that we did not act sooner to shape our future."

If you do not know that Congress, not a President on the executive side, creates and passes the banking laws and ALL laws, then you need to quit now.
You claimed that this was done by Clinton. Clinton was a President. Presidents NEVER pass legislation.
You are speaking out of both sides of your mouth there sport. You claim that this was government interference by Clinton forcing the banks to lose $ through giveaway $, which is absurd because as I informed and schooled you earlier that the executive never passes bank legislation, and then out of the other side of your mouth you claim that the banks love this kind, or any kind of "big government" that saw them lose hundreds of billions.
Anyone that runs and operates their own business and has dealt with banks for over 30 years knows that is a crock of Rush Limbaughish gibberish.
Fact is the banks did themselves in with Republican backed Legislation: Gramm, Bliley, Leach Act. Supported by and passed by a Republican controlled House and Senate.
Sorry the facts do not support your agenda Hoss. That is what happens when you allow your politically biased ideology to once again cloud reality.

 

[KissMy]

Big Banks, Wall Street & Lobbyist have now joined in defending the Federal Reserve from FOIA lawsuit. These documents are still being held & the case is heading to the US Supreme Court.

Man this will get buried for a while.

 

[Gadawg73]

Big Banks, Wall Street & Lobbyist have now joined in defending the Federal Reserve from FOIA lawsuit. These documents are still being held & the case is heading to the US Supreme Court.

Man this will get buried for a while.

You got that part right.