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2010-07-31 -Lurid Crime Tales-

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Posted by tu3031 2010-07-31 02:08|| || Front Page|| [11130 views ] Top

#1 Helping minority owned banks huh?
So ~~honky~~ White owned banks and their investors (who are probably a bunch of moonbeams too) can go down the toilet?

Posted by bigjim-CA 2010-07-31 07:10|| 2010-07-31 07:10|| Front Page Top

#2 Sidney Williams, held at least $250,000 in the bank's stock and previously had served on its board.

Yep, kept the bank stock certificates in the Frigidaire behind the frozen Swanson Teevee dinners along with a couple hundred thousand in cash.

Posted by Besoeker 2010-07-31 07:12|| 2010-07-31 07:12|| Front Page Top

#3 As a Threefer (black/female/leftist), this loud-mouthed harpy doesn't have anything more to worry about than a Strongly Worded Letter® - and maybe not even that.

Posted by Ricky bin Ricardo (Abu Babaloo) 2010-07-31 12:21|| 2010-07-31 12:21|| Front Page Top

#4 I thought this sounded familiar. Mr. Senior Discount was also involved.

The Los Angeles Times conveniently forgets to touch upon the fact that Congressman Barney Frank (D-Mass) was also involved in the bailout of this bank. As head of the House Financial Services Committee, he was able to insert legislation designed to replenish the coffers of OneUnited with taxpayer money.

These efforts were made despite the FDIC and Massachusetts bank regulatory officials alleging that poor lending practices and executive-compensation abuses contributed to the failure of the bank. Barney Frank justified his actions, in part, by citing the bank as the state's only financial institution owned by African-Americans.

Or was Barney Frank just logrolling (the trading of favors in politics so that the true perpetrators fingerprints are left off actions designed to favor them) for his political ally Maxine Waters. One can only hope that Congresswoman Waters continues her defiant stand towards the Ethics panel, refuses to accept a trivial "reprimand" and that some facts about Frank's role in this scandal come to light. This is the type of oversight that would be done if the Republicans took over the House and Darrell Issa, who heads the Government Oversight Committee, took charge.

Come to think of it..maybe the Ethics Panel, whose docket is filled with Democrats in trouble, is trying to rush through resolutions of these problems before Republicans take over in January. After all, these issues have lingered for a long time; yet, only now as November approaches, are we seeing a rush in Congress to sweep them under the rug. Or is it just a Congressional Coincidence? Uh, no.

Posted by tu3031 2010-07-31 12:45|| 2010-07-31 12:45|| Front Page Top

#5 The story behind the scenes is that Waters is the closest ally of Rangel. She is also very powerful on the Banking committee.

So add it all up: Rangel off Appropriations, and Waters off Banking.

Both of them have been breaking the rules forever, with no consequences from either party. So this just screams "purge". Getting them out of the way so that members of another faction can take their place.

And since the dominant faction right now is the 1960s radicals, they are who is responsible.

Posted by Anonymoose 2010-07-31 21:35|| 2010-07-31 21:35|| Front Page Top

#6 A teachable moment for the CBC. And part of getting them back to the plantation.

Posted by Nimble Spemble 2010-07-31 21:44|| 2010-07-31 21:44|| Front Page Top

#7 hmmm... interesting.

Posted by Martin 2010-07-31 22:31|| 2010-07-31 22:31|| Front Page Top

#8 Getting them out of the way so that members of another faction can take their place.

Anonymoose, what happens to all their fine plots should the Republicans take over the House in January?

Posted by trailing wife 2010-07-31 23:51|| 2010-07-31 23:51|| Front Page Top

23:51 trailing wife
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