Old quote sadly relevant today

[Toddsterpatriot]

Why does the right pretend the banks themselves did nothing wrong?

why to they give the banks a free pass and attack the powerless people who tried to buy a house?

Who gave the most money to the banks? dems

Who's in charge and can go after the banks but isn't? Dems

so why do you persist in lying that it's just the right that doesn't crush the banks?

oh, and that shit about us going after the powerless. that's too dumb for any reply.

Hank Paulson (W's Secretary of the Treasury) gave 700 billion to the banks. And going after the powerless may be an overstatement. How about: Why does the right continue to blame the mortgagees for the collapse of the banking system? Can the right not see the fraudulent banking practices that brought down that house of cards?

Hank Paulson (W's Secretary of the Treasury) gave 700 billion to the banks.

Gave?

 

[Nosmo King]

Who gave the most money to the banks? dems

Who's in charge and can go after the banks but isn't? Dems

so why do you persist in lying that it's just the right that doesn't crush the banks?

oh, and that shit about us going after the powerless. that's too dumb for any reply.

Hank Paulson (W's Secretary of the Treasury) gave 700 billion to the banks. And going after the powerless may be an overstatement. How about: Why does the right continue to blame the mortgagees for the collapse of the banking system? Can the right not see the fraudulent banking practices that brought down that house of cards?

Hank Paulson (W's Secretary of the Treasury) gave 700 billion to the banks.

Gave?

One foggy September morning in 2008, Hank went hat in hand to Capitol Hill and asked Congress to give his buddies on Wall Street $700 billion. And thus began the Bail-Out Era.

 

[Two Thumbs]

Why does the right pretend the banks themselves did nothing wrong?

why to they give the banks a free pass and attack the powerless people who tried to buy a house?

Who gave the most money to the banks? dems

Who's in charge and can go after the banks but isn't? Dems

so why do you persist in lying that it's just the right that doesn't crush the banks?

oh, and that shit about us going after the powerless. that's too dumb for any reply.

Hank Paulson (W's Secretary of the Treasury) gave 700 billion to the banks. And going after the powerless may be an overstatement. How about: Why does the right continue to blame the mortgagees for the collapse of the banking system? Can the right not see the fraudulent banking practices that brought down that house of cards?

it wasn't fraud at the time, or the law would have stopped it since it was so prevalent.

It fell apart as the result of a team effort that began under Clinton, and was kept going by Bush would that asshole Franks getting a pass.

Nobody wanted to be the one to burst that bubble.

 

[Two Thumbs]

Hank Paulson (W's Secretary of the Treasury) gave 700 billion to the banks. And going after the powerless may be an overstatement. How about: Why does the right continue to blame the mortgagees for the collapse of the banking system? Can the right not see the fraudulent banking practices that brought down that house of cards?

Hank Paulson (W's Secretary of the Treasury) gave 700 billion to the banks.

Gave?

One foggy September morning in 2008, Hank went hat in hand to Capitol Hill and asked Congress to give his buddies on Wall Street $700 billion. And thus began the Bail-Out Era.

I thought they got $800 Billion?

but it was a loan, since Todd is picking up on the semantics.

All they did with is was buyout small banks and have regs passed designed to push them under by making loans nearly impossible.

 

[Nosmo King]

Who gave the most money to the banks? dems

Who's in charge and can go after the banks but isn't? Dems

so why do you persist in lying that it's just the right that doesn't crush the banks?

oh, and that shit about us going after the powerless. that's too dumb for any reply.

Hank Paulson (W's Secretary of the Treasury) gave 700 billion to the banks. And going after the powerless may be an overstatement. How about: Why does the right continue to blame the mortgagees for the collapse of the banking system? Can the right not see the fraudulent banking practices that brought down that house of cards?

it wasn't fraud at the time, or the law would have stopped it since it was so prevalent.

It fell apart as the result of a team effort that began under Clinton, and was kept going by Bush would that asshole Franks getting a pass.

Nobody wanted to be the one to burst that bubble.

There was, and is, plenty of fraud going around executive office suites. Robo signings, fraudulent paper work, lack of due diligence all to get signatures on contracts. Then, they turned all that fraudulent paper into mortgage backed derivatives and made a killing! In fact, they made such a grand killing that they shot themselves in the fiscal foot.

But there are certain political ideologies that excuse, ignore or even laud such fraudulent activity. Those ideologies also blame those burned worst in the collapse. Gee, I wonder which ideology that might be?

 

[Two Thumbs]

Hank Paulson (W's Secretary of the Treasury) gave 700 billion to the banks. And going after the powerless may be an overstatement. How about: Why does the right continue to blame the mortgagees for the collapse of the banking system? Can the right not see the fraudulent banking practices that brought down that house of cards?

it wasn't fraud at the time, or the law would have stopped it since it was so prevalent.

It fell apart as the result of a team effort that began under Clinton, and was kept going by Bush would that asshole Franks getting a pass.

Nobody wanted to be the one to burst that bubble.

There was, and is, plenty of fraud going around executive office suites. Robo signings, fraudulent paper work, lack of due diligence all to get signatures on contracts. Then, they turned all that fraudulent paper into mortgage backed derivatives and made a killing! In fact, they made such a grand killing that they shot themselves in the fiscal foot.

But there are certain political ideologies that excuse, ignore or even laud such fraudulent activity. Those ideologies also blame those burned worst in the collapse. Gee, I wonder which ideology that might be?

The people hurt the worste was the taxpayer.

If I recall, the bailouts went over $2Trillion in a matter of months.



Whose ideology?
clinton wanted everyone to own a home so bad that welfare was considered income.
bush didn't want to rock the boat so he sat there, like an idiot.
Franks, that traitor, lied on tv and claim F and F were in sound fiscal condition just a couple of months before the fall.

Sounds like we got hit from both sides.

but if you're claiming that's a conservative ideal; At least they are up front about it. while your dems followed the same ideal, but lied about it.

 

[Nosmo King]

it wasn't fraud at the time, or the law would have stopped it since it was so prevalent.

It fell apart as the result of a team effort that began under Clinton, and was kept going by Bush would that asshole Franks getting a pass.

Nobody wanted to be the one to burst that bubble.

There was, and is, plenty of fraud going around executive office suites. Robo signings, fraudulent paper work, lack of due diligence all to get signatures on contracts. Then, they turned all that fraudulent paper into mortgage backed derivatives and made a killing! In fact, they made such a grand killing that they shot themselves in the fiscal foot.

But there are certain political ideologies that excuse, ignore or even laud such fraudulent activity. Those ideologies also blame those burned worst in the collapse. Gee, I wonder which ideology that might be?

The people hurt the worste was the taxpayer.

If I recall, the bailouts went over $2Trillion in a matter of months.



Whose ideology?
clinton wanted everyone to own a home so bad that welfare was considered income.
bush didn't want to rock the boat so he sat there, like an idiot.
Franks, that traitor, lied on tv and claim F and F were in sound fiscal condition just a couple of months before the fall.

Sounds like we got hit from both sides.

but if you're claiming that's a conservative ideal; At least they are up front about it. while your dems followed the same ideal, but lied about it.

I gotta think that those burned worst are the folks who find themselves in the middle of a foreclosure dealing with bank documents that are fraudulent and now have lost everything. Folks with underwater mortgages. Folks thrown into the streets.

But Right Wing pundits lay the blame squarely on those very people! THEY are at fault for buying beyond their means. THEY are at fault for not adequately preparing themselves for the corruption and greed of the banking system. THEY are at fault for not conducting their own due diligence in the mortgage market. Lost another loan to Ditech!

And those same pundits excuse, pardon, justify and rationalize the corrupt, criminal behavior of the mortgage holders. They not only blame the victims, but pile on blame upon their political opposition just to score some cheap points for ratings and have their rabid listeners applaud lustily while the theater is burning.

If we're going to blame, let's blame judiciously and honestly. Capitalists are not angels, by their very nature. They are predators and customers are prey.

 

[peach174]

Redistribution of wealth is Marxism and it has never worked.
It is totally opposite of what this country is all about.
Here he is saying how hard it will be for him to do this.
Once again, darn that Constitution.
[ame=http://www.youtube.com/watch?v=iivL4c_3pck]Obama Bombshell Redistribution of Wealth Audio Uncovered - YouTube[/ame]

 

[Toddsterpatriot]

Hank Paulson (W's Secretary of the Treasury) gave 700 billion to the banks. And going after the powerless may be an overstatement. How about: Why does the right continue to blame the mortgagees for the collapse of the banking system? Can the right not see the fraudulent banking practices that brought down that house of cards?

Hank Paulson (W's Secretary of the Treasury) gave 700 billion to the banks.

Gave?

One foggy September morning in 2008, Hank went hat in hand to Capitol Hill and asked Congress to give his buddies on Wall Street $700 billion. And thus began the Bail-Out Era.

Gave?

 

[Nosmo King]

Hank Paulson (W's Secretary of the Treasury) gave 700 billion to the banks.

Gave?

One foggy September morning in 2008, Hank went hat in hand to Capitol Hill and asked Congress to give his buddies on Wall Street $700 billion. And thus began the Bail-Out Era.

Gave?

He asked that there be no strings attached. At the very least, the Senate asked for a committee hearing and a few conditions. But, yes, Paulson "gave" the money to the banks. In the very same sense Obama "runs" General Motors.

 

[peach174]

The Basic Error Of Marxism

According to Marxist doctrine, a human being is primarily an economic creature. In other words, his material well-being is all important; his privacy and his freedom are strictly secondary. The Soviet constitution reflects this philosophy in its emphasis on security: food, clothing, housing, medical care - the same things that might be considered in a jail. The basic concept is that the government has full responsibilities for those in a jail.
The basic concept is that the government has full responsibility for the welfare of the people and , in order to discharge that responsibility, must assume control of all their activities. It is significant that in actuality the Russian people have few of the rights supposedly "guaranteed" to them in their constitution, while the American people have them in abundance even though they are not guaranteed. The reason, of course, is that material gain and economic security simply cannot be guaranteed by any government. They are the result and reward of hard work and industrious production. Unless the people bake one loaf of bread for each citizen, the government cannot guarantee that each will have one loaf to eat. Constitutions can be written, laws can be passed and imperial decrees can be issued, but unless the bread is produced, it can never be distributed.

 

[Toddsterpatriot]

Hank Paulson (W's Secretary of the Treasury) gave 700 billion to the banks.

Gave?

One foggy September morning in 2008, Hank went hat in hand to Capitol Hill and asked Congress to give his buddies on Wall Street $700 billion. And thus began the Bail-Out Era.

I thought they got $800 Billion?

but it was a loan, since Todd is picking up on the semantics.

All they did with is was buyout small banks and have regs passed designed to push them under by making loans nearly impossible.

Yes, a loan with stock warrants. Pretty expensive loans, not a gift at all.

 

[Toddsterpatriot]

Hank Paulson (W's Secretary of the Treasury) gave 700 billion to the banks. And going after the powerless may be an overstatement. How about: Why does the right continue to blame the mortgagees for the collapse of the banking system? Can the right not see the fraudulent banking practices that brought down that house of cards?

it wasn't fraud at the time, or the law would have stopped it since it was so prevalent.

It fell apart as the result of a team effort that began under Clinton, and was kept going by Bush would that asshole Franks getting a pass.

Nobody wanted to be the one to burst that bubble.

There was, and is, plenty of fraud going around executive office suites. Robo signings, fraudulent paper work, lack of due diligence all to get signatures on contracts. Then, they turned all that fraudulent paper into mortgage backed derivatives and made a killing! In fact, they made such a grand killing that they shot themselves in the fiscal foot.

But there are certain political ideologies that excuse, ignore or even laud such fraudulent activity. Those ideologies also blame those burned worst in the collapse. Gee, I wonder which ideology that might be?

What is a mortgage backed derivative?

 

[peach174]

Hank Paulson (W's Secretary of the Treasury) gave 700 billion to the banks.

Gave?

One foggy September morning in 2008, Hank went hat in hand to Capitol Hill and asked Congress to give his buddies on Wall Street $700 billion. And thus began the Bail-Out Era.

Gave?

They were forced to take it according to the CEO of Bank of America.
Being locked in a room and threatened until you agreed to it is forced, in by book.

 

[Toddsterpatriot]

One foggy September morning in 2008, Hank went hat in hand to Capitol Hill and asked Congress to give his buddies on Wall Street $700 billion. And thus began the Bail-Out Era.

Gave?

He asked that there be no strings attached. At the very least, the Senate asked for a committee hearing and a few conditions. But, yes, Paulson "gave" the money to the banks. In the very same sense Obama "runs" General Motors.

No strings attached? You mean besides paying interest?
And paying the loans back?

 

[NYcarbineer]

The American Revolution was a class war. The abolitionist movement was a class war.

Nice revision of history.

That actually took much longer than I thought.

You want to argue that slaves weren't a class of people? Let's hear it.

 

[peach174]

it wasn't fraud at the time, or the law would have stopped it since it was so prevalent.

It fell apart as the result of a team effort that began under Clinton, and was kept going by Bush would that asshole Franks getting a pass.

Nobody wanted to be the one to burst that bubble.

There was, and is, plenty of fraud going around executive office suites. Robo signings, fraudulent paper work, lack of due diligence all to get signatures on contracts. Then, they turned all that fraudulent paper into mortgage backed derivatives and made a killing! In fact, they made such a grand killing that they shot themselves in the fiscal foot.

But there are certain political ideologies that excuse, ignore or even laud such fraudulent activity. Those ideologies also blame those burned worst in the collapse. Gee, I wonder which ideology that might be?

What is a mortgage backed derivative?

Mortgage-backed securities (MBSs) are simply shares of a home loan sold to investors. They work like this: A bank lends a borrower the money to buy a house and collects monthly payments on the loan. This loan and a number of others -- perhaps hundreds -- are sold to a larger bank that packages the loans together into a mortgage-backed security. The larger bank then issues shares of this security, called tranches (French for "slices"), to investors who buy them and ultimately collect the dividends in the form of the monthly mortgage payments. These tranches can be further repackaged and sold again as other securities, called collateralized debt obligations (CDOs). Home loans in 2008 were so divided and spread across the financial spectrum, it was entirely possible a given homeowner could unwittingly own shares in his or her own mortgage.