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Old 01-24-2012, 10:29 PM
 
93 posts, read 99,654 times
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no action! If thugs were imprisoned during the Savings and Loans crisis, and not one person is in jail after the worst orchestrated financial meltdown in this nations history, I can only conclude that the President is all talk and no action!
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Old 01-24-2012, 10:31 PM
 
11,531 posts, read 10,234,364 times
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don't bite the hand that feeds you
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Old 01-24-2012, 10:31 PM
 
31,387 posts, read 36,849,905 times
Reputation: 15037
Regardless of how I would love to see certain individuals perp walked into federal prison, I would love for you to publish the specific federal statutes that would make that possible.
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Old 01-24-2012, 10:35 PM
 
4,042 posts, read 3,509,578 times
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Quote:
Originally Posted by TheEssex View Post
no action! If thugs were imprisoned during the Savings and Loans crisis, and not one person is in jail after the worst orchestrated financial meltdown in this nations history, I can only conclude that the President is all talk and no action!
He couldn't or he'd have to submit to handcuffs himself. The man was thanked way back in 2005 by the "then CEO" of Fannie Mae, by name, singled out for having been one of the strongest driving forces for Fannie having written more "low income and minority" (SUBPRIME) mortgage business than any other business entity in our nation!!

PROOF...


Tider Insider Forums (http://www.tiderinsider.com/mb/msg/4916864.html - broken link)
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Old 01-24-2012, 10:37 PM
 
1,724 posts, read 1,463,273 times
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Obama did mention that he was going to pursue investigations. However, given that Holder is the DA, don't hold your breath.

Quote:
Holder and Breuer were partners at Covington, the firm's clients included the four largest U.S. banks - Bank of America, Citigroup, JP Morgan Chase and Wells Fargo & Co - as well as at least one other bank that is among the 10 largest mortgage servicers.


Holder has resisted calls for a criminal investigation since October 2010, when evidence of widespread "robo-signing" first surfaced. That involved mortgage servicer employees falsely signing and swearing to massive numbers of affidavits and other foreclosure documents that they had never read or checked for accuracy.
Insight: Top Justice officials connected to mortgage banks | Reuters
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Old 01-24-2012, 10:37 PM
 
Location: Southern California
15,083 posts, read 20,369,094 times
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Originally Posted by TheEssex View Post
no action! If thugs were imprisoned during the Savings and Loans crisis, and not one person is in jail after the worst orchestrated financial meltdown in this nations history, I can only conclude that the President is all talk and no action!
No. It's because putting government in prison is not practical.
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Old 01-24-2012, 10:38 PM
 
1,348 posts, read 2,841,618 times
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Why would he imprison the ones funding his campaign? Don't be so naive. It's the same reason why our politicians put Israel before America.

Yes, our citizens are that stupid.
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Old 01-24-2012, 10:39 PM
 
20,948 posts, read 18,939,155 times
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Quote:
Originally Posted by TheEssex View Post
no action! If thugs were imprisoned during the Savings and Loans crisis, and not one person is in jail after the worst orchestrated financial meltdown in this nations history, I can only conclude that the President is all talk and no action!
They're all part of his administration.
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Old 01-25-2012, 12:10 AM
 
Location: CHicago, United States
6,933 posts, read 8,443,029 times
Reputation: 3510
Quote:
Originally Posted by TheEssex View Post
no action! If thugs were imprisoned during the Savings and Loans crisis, and not one person is in jail after the worst orchestrated financial meltdown in this nations history, I can only conclude that the President is all talk and no action!
As a supporter of the Presidency of Mr. Obama, I have to mostly agree with you. Someone did something to cause the value of my condo drop by $150,000 and they didn't go to jail. Rob a 7-11 of $500 and you'll spend 3-5 in jail.
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Old 01-25-2012, 12:48 AM
 
26,680 posts, read 28,522,393 times
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Quote:
Originally Posted by gomexico View Post
Someone did something to cause the value of my condo drop by $150,000 and they didn't go to jail.
It's called supply and demand. Market forces at work. And buying at the peak.

You're poorer now, but hopefully wiser.
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