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2011-08-29 Home Front: Politix

Obama Goes All Out For Dirty Banker Deal

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Posted by Steve White 2011-08-29 09:13|| || Front Page|| [11134 views ] Top

#1 the securitization process

This is an euphemism for the biggest theft in the history of the planet. Makes one's head spin around, eyeballs pop out, hair stand on end and engulf one in rage at the Wall Street, Federal Government, and Fed sweetheart deal cozy arrangements. Meanwhile retirees, regular folk, and countries (e.g. Iceland, U.S., etc.) have gone broke.

Posted by JohnQC 2011-08-29 10:12|| 2011-08-29 10:12|| Front Page Top

#2 This'l sink Barry GOOD all the folks who lost their Homes Now Cannot sue, and it's his doing.

Posted by Redneck Jim 2011-08-29 10:18|| 2011-08-29 10:18|| Front Page Top

#3 There's soapbox politics, ballot box politics, cartridge box politics, and Texas cattle thief politics. We've got to give the first two options a chance. It's only if they fail that we revert to the second two, which usually go hand in hand. However, no option should ever be "off the table" when dealing with Chicago gangster politics.

Posted by Old Patriot 2011-08-29 10:47|| 2011-08-29 10:47|| Front Page Top

#4 &^%$##@!!!EYUIDHBQ!@$#?+_(!!?

It is things like this that make me babble and drool.

Geez...now I have to fight the Feds to save my home and not just the bank.

Freaking bastards. What ever happened to ethics?

Oh I forgot, we're talking about democrats here and it is situational ethics not a moral ethical constant any more.

Posted by Bill Clinton 2011-08-29 11:24|| 2011-08-29 11:24|| Front Page Top

#5 Upset, Bill?

Posted by Ebbang Uluque6305 2011-08-29 11:58|| 2011-08-29 11:58|| Front Page Top

#6 "Upset, Bill?" I stutter at times myself. I would ease up on the coffee. Yes, we all are torqued up about this. Just another scam. It's like a drowning person grabbing at anything to stay afloat. Even those near to him will be pulled under. Just blind panic or a cruel deliberate calculation. That's what a good con artist can do. He can keep going back time after time with no emotional attachment. A Bernie Madoff with the government backing him.

Posted by Dale 2011-08-29 12:10|| 2011-08-29 12:10|| Front Page Top

#7 I generally don't post such pieces at the Burg as it's not WoT related...

Call it "economic terrorism" or "economic warfare".

But the article fails to take into account the role the government played in this monumental fraud. You can bash the banks all you want but I guess Fannie, Freddie and the Community Redevelopment Act don't fit into Rolling Stone's agenda.

Posted by Ebbang Uluque6305 2011-08-29 12:16|| 2011-08-29 12:16|| Front Page Top

#8 Ebbang, I certainly wouldn't excuse Fannie, Freddie, CRA, and Messers. Frank, Johnson, and Holder, and Ms. Gorelick.

The Rolling Stone rounded up some of the suspects. That's more than the MFM usually does.

Posted by Steve White 2011-08-29 12:28|| 2011-08-29 12:28|| Front Page Top

#9 The current economic disaster is WOT related in several ways. Somehow the money has to be paid for all the diesel fuel shipped over the Kyber Pass or flown into Afghanistan, plus all the other costs of war. The unrest aka 'Arab spring' really started with riots over the rising cost of food -- does anyone agree that the mother of all bailouts helped cause that? Is there not a link between 'Arab springs' and JIHAD? The health of the US economy and its banking system has a huge effect on the world economy. If the US economy gets worse, it will take the rest of the world down with it. I suppose if things get bad enough, would-be terrorists won't be able to cross the oceans in anything fancier than a dhow.
Finally, the dirty banker deals aka government support of Vampire Squids are causing more and more of the electorate to question the legitimacy of the Federal government as a whole, as people continue to discover their personal losses.
I haven't seen much from the GOP to make me think that party won't also buy off Wall Street in a spectacular way. The Tea Party once had elements dedicated to stopping the looting of the economy by the financial industry and start prosecuting its members for fraud and theft, but I haven't heard from those elements in months.
The Biggest Theft in World History is thoroughly bipartisan, and it plays right into the hands of the jihadis.

Posted by Anguper Hupomosing9418 2011-08-29 12:55|| 2011-08-29 12:55|| Front Page Top

#10 > This'l sink Barry GOOD all the folks who lost their Homes

They weren't their homes. They were renting there until they paid the bank. The only people who gain from low house affordability are bank bondholders, and lots of people were suckered into
debt is wealth
inflation is growth
immobility is freedom

Posted by Bright Pebbles 2011-08-29 12:55|| 2011-08-29 12:55|| Front Page Top

#11 Steve, I know this isn't primarily a political blog, but to me articles like this are directly germane to the WOT. No money = no beans and bullets = no WOT. (Hey, I sound like Joe.)

Posted by Matt 2011-08-29 13:21|| 2011-08-29 13:21|| Front Page Top

#12 This is from the Rolling Stone magazine?

Posted by CrazyFool 2011-08-29 15:21|| 2011-08-29 15:21|| Front Page Top

#13 Yes. Consider the players involved.

Posted by Pappy 2011-08-29 16:58|| 2011-08-29 16:58|| Front Page Top

#14 I am out of my league on this but the home owners can demand the lenders to show clear title. So as stated elsewhere "homeowners challenging lenders in court to show clear title to properties that are in line for foreclosure". That would throw a wrench into things and a couple of screwdrivers. They have swapped so much but I do recall prior to Buffett BOA had their staff put all their loan files into the computer. Real rush job. Loans in six figure range the bulk(yes allot) of which were very foreign names. The commenter was a former BOA employee at the time.

Posted by Dale 2011-08-29 22:27|| 2011-08-29 22:27|| Front Page Top

23:13 JosephMendiola
23:04 JosephMendiola
22:47 JosephMendiola
22:33 Perfesser
22:31 JosephMendiola
22:27 Dale
22:25 tu3031
21:58 Frank G
21:45 Pappy
21:41 JosephMendiola
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21:20 newc
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20:40 Frank G
20:29 phil_b
20:07 badanov
20:03 rjschwarz
19:36 Redneck Jim
19:17 Frank G
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19:10 trailing wife
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