So... Countrywide and BOFA, among others, committed massive mortgage fraud

Discussion in 'Politics' started by Vast LWC, Oct 24, 2012.

  1. Vast LWC
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    Vast LWC <-Mohammed

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  2. Vast LWC
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    Vast LWC <-Mohammed

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    Tell me again how the mortgage crisis is all Freddie Mac and Fannie Mae's fault....

    Fuck this civil suit bullshit, I want to see people going to prison.
     
  3. Rct_Tsoul
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    Rct_Tsoul BANNED

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    Vast LWC, I hope for your own sake that the caption in your Avitar is just refering to just some random guy named Mohammed.
     
  4. Vast LWC
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    Vast LWC <-Mohammed

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    I put that in there on purpose. It's the South Park representation of Mohammed, before South Park was forced to censor it.

    If people don't like it? Oh well.
     
    Last edited: Oct 24, 2012
  5. g5000
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    g5000 Diamond Member

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    No one went to jail, that's who. I can give you a list of name of actual crooks who committed massive fraud at the large financial firms. Only one that I know of (Brian Stoker) was actually put on trial, and he was acquitted because the jury could not understand the nature of the fraud. The SEC flubbed it. The jurors were also convinced by Stoker's defense team that the CEO (Lloyd Blankfein) should have been the one on trial, and not the guy who assembled the fraudulent derivative (Stoker).

    Hell, they BOTH should have been on trial.

    The banks did not sell fraudulent derivatives just to the GSEs, you know. They sold them to your home insurance company, your health insurance company, your auto insurance company, your local college's endowment fund, your city treasurer, your state employee pension fund, your 401k manager, and to others entities all over the planet.

    Tuition going up? Public employee pension fund broke? Taxes going up? Insurance premiums going up?

    Hmmmm...that's strange.

    Until you discover that 40 percent of ALL corporate profits in America were made by the financial services sector.

    "Vampire squid."




    .
     
    Last edited: Oct 24, 2012
  6. Rct_Tsoul
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    Rct_Tsoul BANNED

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    I SHALL HAVE YOU CANED INTO SUBMISSION YOU SILLY Ameri-CAN !!!
     
  7. Plasmaball
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    Plasmaball Gold Member

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    bayonets are more important
     
  8. g5000
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    g5000 Diamond Member

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    Ab-so-toot-ley!

    .
     
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  9. Oddball
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    Oddball BANNED Supporting Member

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    Never heard of the moral hazard, haveya? :lol:
     

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