Those wonderful bankers

[Amazon 7]

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So now you are involved in threats? Nice stuff, Marat... Who else do you and the sans-culottes plan on executing?

Tsk tsk tsk


Nope... just a reminder to those who are a tad short on remembering history..... could be quite doomed to repeat it.

I think I found video footage of Amazon posting on DZ.com: http://www.youtube.com/watch?v=PbcctWbC8Q0

And I thought Jerry was going to hell...

Doctor... Heal Thyself....



Oh.. never mind

[yourmomma 0]

That they *still* aren't going after Fannie/Freddie? Yeah, saw that.

Fannie/Freddie have never originated a loan. Banks knowingly under signed loans then sold them at a profit with full understanding of what they were doing (not verifying income etc.), that they were doomed to failure, and that there was a shit ton of money to be made for the individuals involved, at the cost of the many. Don't twist it.

[mnealtx 0]

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That they *still* aren't going after Fannie/Freddie? Yeah, saw that.

Fannie/Freddie have never originated a loan. Banks knowingly under signed loans then sold them at a profit with full understanding of what they were doing (not verifying income etc.), that they were doomed to failure, and that there was a shit ton of money to be made for the individuals involved, at the cost of the many. Don't twist it.

Speaking of 'not twisting it', you *do* realize that Fannie, Freddie and Ginnie hold some 65% of the mortgage backed securities, right?

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[lawrocket 3]

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That they *still* aren't going after Fannie/Freddie? Yeah, saw that.

Fannie/Freddie have never originated a loan. Banks knowingly under signed loans then sold them at a profit with full understanding of what they were doing (not verifying income etc.), that they were doomed to failure, and that there was a shit ton of money to be made for the individuals involved, at the cost of the many. Don't twist it.

Banks don't originate loans that they can't sell to servicers.

My wife is hotter than your wife.

[kallend 1,620]

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That they *still* aren't going after Fannie/Freddie? Yeah, saw that.

Fannie/Freddie have never originated a loan. Banks knowingly under signed loans then sold them at a profit with full understanding of what they were doing (not verifying income etc.), that they were doomed to failure, and that there was a shit ton of money to be made for the individuals involved, at the cost of the many. Don't twist it.

Banks don't originate loans that they can't sell to servicers.

And the bankers and financial services industries steadfastly opposed all regulation of their ability to leverage themselves into bankruptcy and precipitate a crisis, because their execs made fortunes by doing this. Even after bankrupting their companies some of these execs got $tens of millions in severance (over $100M in at least one case).

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The only sure way to survive a canopy collision is not to have one.

[rushmc 18]

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That they *still* aren't going after Fannie/Freddie? Yeah, saw that.

Fannie/Freddie have never originated a loan. Banks knowingly under signed loans then sold them at a profit with full understanding of what they were doing (not verifying income etc.), that they were doomed to failure, and that there was a shit ton of money to be made for the individuals involved, at the cost of the many. Don't twist it.

Banks don't originate loans that they can't sell to servicers.

And the bankers and financial services industries steadfastly opposed all regulation of their ability to leverage themselves into bankruptcy and precipitate a crisis, because their execs made fortunes by doing this. Even after bankrupting their companies some of these execs got $tens of millions in severance (over $100M in at least one case).

You have exposed your reason to blame bankers here over and over

Time to point it out

Your jealous

This and the fact you have to defend the gov because they provide the cover and student loan money that provides for your life style

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kallend 1,620]

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That they *still* aren't going after Fannie/Freddie? Yeah, saw that.

Fannie/Freddie have never originated a loan. Banks knowingly under signed loans then sold them at a profit with full understanding of what they were doing (not verifying income etc.), that they were doomed to failure, and that there was a shit ton of money to be made for the individuals involved, at the cost of the many. Don't twist it.

Banks don't originate loans that they can't sell to servicers.

And the bankers and financial services industries steadfastly opposed all regulation of their ability to leverage themselves into bankruptcy and precipitate a crisis, because their execs made fortunes by doing this. Even after bankrupting their companies some of these execs got $tens of millions in severance (over $100M in at least one case).

You have exposed your reason to blame bankers here over and over

Time to point it out

Your jealous

This and the fact you have to defend the gov because they provide the cover and student loan money that provides for your life style

About as stupid as most of your posts.

...

The only sure way to survive a canopy collision is not to have one.

[rushmc 18]

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That they *still* aren't going after Fannie/Freddie? Yeah, saw that.

Fannie/Freddie have never originated a loan. Banks knowingly under signed loans then sold them at a profit with full understanding of what they were doing (not verifying income etc.), that they were doomed to failure, and that there was a shit ton of money to be made for the individuals involved, at the cost of the many. Don't twist it.

Banks don't originate loans that they can't sell to servicers.

And the bankers and financial services industries steadfastly opposed all regulation of their ability to leverage themselves into bankruptcy and precipitate a crisis, because their execs made fortunes by doing this. Even after bankrupting their companies some of these execs got $tens of millions in severance (over $100M in at least one case).

You have exposed your reason to blame bankers here over and over

Time to point it out

Your jealous

This and the fact you have to defend the gov because they provide the cover and student loan money that provides for your life style

About as stupid as most of your posts.

Ohhh

Tweaked a nerve, didnt I!

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[lawrocket 3]

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And the bankers and financial services industries steadfastly opposed all regulation of their ability to leverage themselves into bankruptcy and precipitate a crisis, because their execs made fortunes by doing this.

So when the GOP Congress passed Gramm-Leach-Bliley and the Dem President signed it, what about that? The law specifically allowed and encouraged depository banks, investment banks and insurers/surety to be consolidated.

And AGAIN you are fingering the executives for taking money that the government gave them.

I tend to point my finger not only at the users but also at the enablers. And the Federal government is a HARDCORE enabler.

Occupy Wall Street. "Stop taking handouts from the government!" Versus me, "Government - stop giving handouts."

My wife is hotter than your wife.

[kallend 1,620]

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And the bankers and financial services industries steadfastly opposed all regulation of their ability to leverage themselves into bankruptcy and precipitate a crisis, because their execs made fortunes by doing this.

So when the GOP Congress passed Gramm-Leach-Bliley and the Dem President signed it, what about that? The law specifically allowed and encouraged depository banks, investment banks and insurers/surety to be consolidated.

And AGAIN you are fingering the executives for taking money that the government gave them.

I tend to point my finger not only at the users but also at the enablers. And the Federal government is a HARDCORE enabler.

Nothing the govt. did forced the Wall St. execs to make stupid decisions.

The financial services industries CONTINUE to oppose regulations to stop them doing stupid things that are hazardous to the nation's economy. One of the disappointments of the Obama administration is that it continues to use the exact same people that brought us the mess as advisors and administrators.

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The only sure way to survive a canopy collision is not to have one.

[weekender 0]

>The financial services industries CONTINUE to oppose regulations to stop them doing stupid things that are hazardous to the nation's economy. One of the disappointments of the Obama administration is that it continues to use the exact same people that brought us the mess as advisors and administrators.

I'm going to make a rational statement knowing some will most likely just personally attack me. I'm doing so for the other rational people still visiting.

The problem is that it is very difficult to regulate derivatives. The regulators know this and thats why they stick to major securities. Derivatives mostly trade on contracts, no exchanges or certifications of any kind. They are transacted by institutions who know the risk. There are not enough people in the world to read through each of these contracts to decide the validity of each transaction, so the responsibility is left to the institutions. This isnt new

Other securities are easily regulated because they are simple. they are basic fungible equities, promises or debts. so the industry is against regulation because they fear the gov't, cannot regulate, so will end the practice all together. thats great if you dont understand they are used by almost every institution including municipal and state gov't's. No one wants to end them.

"The point is, I'm weird, but I never felt weird."
John Frusciante

[lawrocket 3]

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Nothing the govt. did forced the Wall St. execs to make stupid decisions

Correct. But when the government makes stupid and costly decisions, you get mad at the banks?

My wife is hotter than your wife.

[kallend 1,620]

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Nothing the govt. did forced the Wall St. execs to make stupid decisions

Correct. But when the government makes stupid and costly decisions, you get mad at the banks?

I'm equally mad at Gramm Leach Bliley.

However, not forbidding a bad decision is not the same as making a bad decision.

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The only sure way to survive a canopy collision is not to have one.

[CanuckInUSA 0]

Just curious, we know you have a contempt for the banks, but does that contempt also extend to the payday loan business? More specifically does that contempt extend to payday loan businesses that hide behind Indian tribes? Seems to me these Indian Tribes are not exactly ethical themselves, but I am guessing it would be politically incorrect for Obama to go after these Indian Tribes right?

http://www.iwatchnews.org/2011/09/26/6737/cbs-news-online-payday-loans-come-high-price

Try not to worry about the things you have no control over

[lawrocket 3]

True. And when everyone is making bad decisions, pointing the finger at one group is tough to do while keeping credibility. All sides, in no particular order; (1) banks; (2) consumers; (3) government; (4) financial planners; (5) etc. acted badly. Look at how the Fed was lauded back then for guiding the economy so strongly. Check out the revenues of the federal government during the early to mid 2000s. Nobody loved the property bubble more than local governments, who saw massive increases in property tax revenues.

It was driven by revenues. The banks got them. The governments got them. The consumers got them. Money was being made everywhere. It’s why pointing the finger at the banks neither identifies the whole of the problem, nor will it lead to a solution. Instead, it can only result in preserving the failures of all other sides so that such a situation again occurs. Whereupon groups will point their fingers, assign blame to one entity or group, then pat themselves on the back for vanquishing the bad guy, and the cycle will repeat.

Blaming bankers is exactly what FDR did. It didn’t help end the Depression, probably prolonged it, but FDR rode a wave of popularity for finding an enemy and blaming it on that enemy to the delight of the People.

My wife is hotter than your wife.

[lawrocket 3]

"Occupy Tribal Land" would be about as non-PC as one could get.

My wife is hotter than your wife.

[Bertt 0]

Well, you can add Corzine and MF Global as another example of a bankrupt company whose Chief Executive got a good "severance package".
Oh wait, didn't Corzine run Goldman Sachs for a while? I'm beginning to see a pattern here.
How does Obama keep doing this stuff ??

You don't have to outrun the bear.

[mnealtx 0]

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Well, you can add Corzine and MF Global as another example of a bankrupt company whose Chief Executive got a good "severance package".
Oh wait, didn't Corzine run Goldman Sachs for a while? I'm beginning to see a pattern here.
How does Obama keep doing this stuff ??

Willing complicity of the media?

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[billvon 2,380]

>And the bankers and financial services industries steadfastly opposed all regulation
>of their ability to leverage themselves into bankruptcy and precipitate a crisis, because
>their execs made fortunes by doing this.

Of course they do. And skydivers oppose additional regulation of skydiving. And private pilots oppose additional regulation of US airspace. And the Conatsers (along with a few others) have made millions as a result.

But of course I bet you figure skydivers and pilots have good reasons for opposing those regulations, unlike the bankers who are all evil.

[kallend 1,620]

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>And the bankers and financial services industries steadfastly opposed all regulation
>of their ability to leverage themselves into bankruptcy and precipitate a crisis, because
>their execs made fortunes by doing this.

Of course they do. And skydivers oppose additional regulation of skydiving. And private pilots oppose additional regulation of US airspace. And the Conatsers (along with a few others) have made millions as a result.

But of course I bet you figure skydivers and pilots have good reasons for opposing those regulations, unlike the bankers who are all evil.

If skydivers and the Conatsers had the potential to bring down the world economy through their greed, I'd want them regulated too.

...

The only sure way to survive a canopy collision is not to have one.

[lawrocket 3]

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If skydivers and the Conatsers had the potential to bring down the world economy through their greed, I'd want them regulated too.

Regulated by whom? People who have the power to destroy the world? And its economy?

My wife is hotter than your wife.

[billvon 2,380]

>If skydivers and the Conatsers had the potential to bring down the world
>economy through their greed, I'd want them regulated too.

Fair enough. What new regulations do you want on people who try to get mortgages?

[kallend 1,620]

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>If skydivers and the Conatsers had the potential to bring down the world
>economy through their greed, I'd want them regulated too.

Fair enough. What new regulations do you want on people who try to get mortgages?

Easier by far, and just as effective, to regulate the financial services industry.

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The only sure way to survive a canopy collision is not to have one.

[billvon 2,380]

>Easier by far, and just as effective, to regulate the financial services industry.

Ah. The old "MORE REGULATION! On everyone but me" argument. Which is fine - but it's somewhat hypocritical to espouse such a plan but reject such plans from groups like gun advocates.

[kallend 1,620]

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>Easier by far, and just as effective, to regulate the financial services industry.

Ah. The old "MORE REGULATION! On everyone but me" argument. Which is fine - but it's somewhat hypocritical to espouse such a plan but reject such plans from groups like gun advocates.

Nope, incorrect. If the mortgage industry is properly regulated it automatically applies to borrowers too.

Foreclosures have always been with us, but we didn't have a meltdown until AFTER the financial services industry was deregulated.

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The only sure way to survive a canopy collision is not to have one.