Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Now that the House and Senate will start debating the reforms for Bankers, we will know who has been lining their pockets with the money of the unethical Bankers. What will they say to defend these lousy crooks?
I sure hope they find out who they are there to represent. I think there are at least a couple of dozen of them that have been on the Bankers gravy train for several decades.
Blasphemy! Wall Street is and are the gods of the United States of America.
Without them we are doomed to internal hell. All americans and future generations must pay tribute in the form of money to the big bankers and their special godlike families for decades to come.
Now that the House and Senate will start debating the reforms for Bankers, we will know who has been lining their pockets with the money of the unethical Bankers. What will they say to defend these lousy crooks?
I sure hope they find out who they are there to represent. I think there are at least a couple of dozen of them that have been on the Bankers gravy train for several decades.
This will be interesting.
I agree you have insulted the might gods the bankers insinuating that they are not smart enough to grease the palms of the {D}s and {R}s.
It was posted in the forum where the Boner gave a speach to the bankers about how he was going to fight to get the financial reform bill killed.That was music to their ears,and now they know which way to sling there bribes.
Truth is the banksters have been giving the most money to the {D}s recently,but since 2009 there has been a shift to the {R}s you see they play both sides against the middle.So you have some audacity to insult the banksters {sarcasm} saying they are not smart enough to out fox our imbecelic leaders.
Now that the House and Senate will start debating the reforms for Bankers, we will know who has been lining their pockets with the money of the unethical Bankers. What will they say to defend these lousy crooks?
I sure hope they find out who they are there to represent. I think there are at least a couple of dozen of them that have been on the Bankers gravy train for several decades.
This will be interesting.
Is this like the liberal argument that Republicans were defending the insurance companies, even though the insurance companies gave much more to Democrats?
Now that the House and Senate will start debating the reforms for Bankers, we will know who has been lining their pockets with the money of the unethical Bankers. What will they say to defend these lousy crooks?
I sure hope they find out who they are there to represent. I think there are at least a couple of dozen of them that have been on the Bankers gravy train for several decades.
This will be interesting.
You people just move from villain to villain don't you. Is there any corporation or private enterprise that 0bama and Co. do not despise?
Tell me, now that 0bama has signed his health care reform, are the villainous doctors still slicing off people's feet and cutting out healthy organs to pad their wallets, like 0bama said?
0bama and his type always need to create a villain in order to frighten people into going along with their policies and agenda. Arguing their case in a sensible way, using the truth will not work. So at the end of the day, 0bama and people like Pelosi and Durban will have the bankers slicing off limbs and ripping our organs to make a profit.
Now that the House and Senate will start debating the reforms for Bankers, we will know who has been lining their pockets with the money of the unethical Bankers. What will they say to defend these lousy crooks?
I sure hope they find out who they are there to represent. I think there are at least a couple of dozen of them that have been on the Bankers gravy train for several decades.
This will be interesting.
You mean like the CEO's of Fannie and Freddie who got a blank check to rack up as much debt as possible? Or the fact that they were given multi-million dollar bonuses this past year by none other than the Obama administration.
You mean like the CEO's of Fannie and Freddie who got a blank check to rack up as much debt as possible? Or the fact that they were given multi-million dollar bonuses this past year by none other than the Obama administration.
"Today, the White House cites that report — and its subsequent effort to better regulate Fannie and Freddie — as evidence that it foresaw the crisis and tried to avert it. Bush officials recently wrote up a talking points memo headlined “G.S.E.’s — We Told You So.”
But the back story is more complicated. To begin with, on the day Mr. Falcon issued his report, the White House tried to fire him.
At the time, Fannie and Freddie were allies in the president’s quest to drive up homeownership rates; Franklin D. Raines, then Fannie’s chief executive, has fond memories of visiting Mr. Bush in the Oval Office and flying aboard Air Force One to a housing event. “They loved us,” he said."
Now that the House and Senate will start debating the reforms for Bankers, we will know who has been lining their pockets with the money of the unethical Bankers. What will they say to defend these lousy crooks?
I sure hope they find out who they are there to represent. I think there are at least a couple of dozen of them that have been on the Bankers gravy train for several decades.
The Obama administration pledged Thursday to provide unlimited financial assistance to mortgage giants Fannie Mae and Freddie Mac, an eleventh-hour move that allows the government to exceed the current $400 billion cap on emergency aid without seeking permission from a bailout-weary Congress.
Quote:
Fannie Mae and Freddie Mac disclosed that they had received approval from their federal regulator to pay $42 million in Wall Street-style compensation packages to 12 top executives for 2009. The compensation packages, including up to $6 million each to Fannie Mae and Freddie Mac’s chief executives, come amid an ongoing public debate about lavish payments to executives at banks and other financial firms that have received taxpayer aid.
Nice try at deflection to avoid dealing with my reply.
But for those that are not interested in sound bytes or talking points and want to get to the meat of the story, look no further.
"As woeful as the current conservatorship for Fannie and Freddie is, the arrangement has achieved its principal objectives. Mortgage markets have remained stable, long term credit is available at the lowest rates in 50 years, and more than 5 million households last year were able to buy or refinance their homes because of the government's intervention. In contrast to the GSE-like interventions in Citi, Goldman, Bank of America and others, private shareholders got wiped out. The Fannie and Freddie management teams that led the companies off the cliff were replaced, as were the boards. The government holds warrants for a super-majority of their stock, and is reaping a healthy 10 percent dividend on their investments.
The status quo is unsustainable in the long run. But until a firm consensus has developed around what can and should replace it, acting out of spite or ideology to unravel the firms would be the worst possible course of action."
"But Fannie's chief executive, Michael Williams, served as the company's chief operating officer from 2005 to 2009. The housing agency says that Williams, who will earn $6.6 million for 2009, did not run or oversee the purchasing of mortgages. He also has taken a pay cut since the bailout."
Last edited by kovert; 03-25-2010 at 09:44 AM..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
