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Umm, sure, you bet. The big Wall Street investment banks ruined their owners, toasted the stock options and equity of all top officers and all the way down the ranks of employees, flushing more than a trillion dollars of their own wealth down the toilet....all so they could buy crappy houses and collect some rent, five years later.
Can we stop the absurd notion that the big banks "got away with" all the money that was "lost" in the downturn? When the mass delusion afflicting 300 million Americans that you can't lose money in real estate, when that delusion went away, we all lost. Ask the former shareholder/employees of Lehman, Bear Stearns, Merrill Lynch, Countrywide, Wells Fargo, Wachovia, Citi, etc., etc. They all got killed.
As for who owns the houses now, it is a free country. I bought an extra one, cheap--if you didn't, it is not Wall Street's fault.
Why would a person willingly sign a contract for a mortgage they couldn't afford?
It isn't best buy's fault if I buy a flat screen TV on a credit card that I can't pay off. How are mortgages any different? "Buyer beware".
are you saying that banks should always be bailed out, and never be held responsible for reckless lending? only the borrower should be held responsible?
For the dozenth time, those articles have been proven to be flat out wrong. Those people did default on their loans, but a news organization claimed that they were potentially protected from default due to a litany of laws. Nothing was ever proven to be valid from those articles.
You keep reposting the same two articles without ever addressing the fact that no one can prove they are right.
Aw your back. Was wondering when you were gonna show up.
Your a proven liar around here. I can't respect your opinion anymore.
are you saying that banks should always be bailed out, and never be held responsible for reckless lending? only the borrower should be held responsible?
That's exactly what he's saying.
Accountability is expected from the American people, but not Wall Street or the big banks
Accountability is expected from the American people, but not Wall Street or the big banks
[Tongue in Cheek]
The Big Wall Street Banks don't need to be responsible or accountable to anyone except their shareholders and Banker Bonus Pay.
[/Tongue in Cheek]
Since, they have no obligations to anyone except their shareholders, and certainly not the best interest of this country, then they have absolutely no business meddling with our government, by creating policies for lax lending standards to expand their derivative scams, getting bailouts in the trillions, constant insider trading violations, lobbying for foreign and domestic economic policies to fatten their wallets at this countries expense, backing wars and illegal immigration.
I could go on and on the in the corruption and criminality involved by the Too Big Too Fail Banks that need to be broken up and the Top Dogs sent to Prison.
The Big Wall Street Banks don't need to be responsible or accountable to anyone except their shareholders and Banker Bonus Pay.
[/Tongue in Cheek]
Since, they have no obligations to anyone except their shareholders, and certainly not the best interest of this country, then they have absolutely no business meddling with our government, by creating policies for lax lending standards to expand their derivative scams, getting bailouts in the trillions, constant insider trading violations, lobbying for foreign and domestic economic policies to fatten their wallets at this countries expense, backing wars and illegal immigration.
I could go on and on the in the corruption and criminality involved by the Too Big Too Fail Banks that need to be broken up and the Top Dogs sent to Prison.
You forgot one, money laundering. Oh, another------rating agency payoffs.
The Big Wall Street Banks don't need to be responsible or accountable to anyone except their shareholders and Banker Bonus Pay.
[/Tongue in Cheek]
Since, they have no obligations to anyone except their shareholders, and certainly not the best interest of this country, then they have absolutely no business meddling with our government, by creating policies for lax lending standards to expand their derivative scams, getting bailouts in the trillions, constant insider trading violations, lobbying for foreign and domestic economic policies to fatten their wallets at this countries expense, backing wars and illegal immigration.
I could go on and on the in the corruption and criminality involved by the Too Big Too Fail Banks that need to be broken up and the Top Dogs sent to Prison.
You hit the nail on the head.
Add to that list laundering money for the Drug Cartels and I think you have just about everything covered.
You can't really respect the laws in this country when they are only selectively enforced and the real criminals operate with impunity. I'm sure you know how I feel about the issue so I'll stay off my soap box.
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