Comments (23) (Please sign in to comment)

1. 

   Mhic Dhu Ghaill said, 7 months ago

   Thus it shall be. Lance was not too big to fail.

   FIRST
2. 

   Jeddidyah said, 7 months ago

   More like you had too chose…do you spend your political capital on prosecuting wall street or do you spend it on getting legislation passed to save what is left of the economy from sliding into a full Depression…but in case you didn’t notice the worst offender – Country – now part of BofA is in court being sued by the Federal government for not screening all those loans they approved to ineligible home buyers which they ten passed on to Fanny and Freddy who took them at their word.
3. 

   Jeddidyah said, 7 months ago

   More like you had too chose…do you spend your political capital on prosecuting wall street or do you spend it on getting legislation passed to save what is left of the economy from sliding into a full Depression…but in case you didn’t notice the worst offender – Country Wide– now part of BofA is in court being sued by the Federal government for one billion for not screening all those loans they approved to ineligible home buyers which they then passed on to Fanny and Freddy who took them at their word.
4. 

   Michael wme said, 7 months ago

   President Obama has ordered vigorous prosecution of those responsible for the sub-prime crisis. Clinton signed the law making the sub-prime and the CDO legal, so the bankers are innocent victims under US law.

   
   The sub-prime document given to borrowers said Payment $750 (until end of teaser period, when payment will be u( r )= ∫c( r ) e(w) dr) .

   
   The sub-prime loan document stated that the borrower would be able to pay in full. Borrowers who cannot meet the post-teaser payments (about $3,000) are guilty of fraud, and the Obama administration is putting them in gaol where they belong, since they were entirely responsible for the sub-prime crisis!

   
   Governor Romney hasn’t addressed any of the sub-prime issues, but implies that the loss of jobs had nothing to do with sub-primes and CDOs, the crisis was entirely caused by Obama’s election which scared employers into laying off employees.

   
   We have a major choice Tuesday week. I hope everyone makes the right one.
5. 

   dtroutma said, 7 months ago

   It took time, a blind administration (okay-“co conspirators”) to bring on the crash, and their friends in Congress did nothing.
6. 

   Orthodox Catholic said, 7 months ago

   The simple fact of the matter is that the banksters OWN Washington DC. They say jump and congressmen, whether Dem or Repub, ask “How high?” on their way up.
7. 

   ruff said, 7 months ago

   @Michael wme

   Governor Romney will never address this. After all, he made his killing in the early days of deregulation, and managed to hide it ‘lawfully’ to minimize his taxes. He will never clear his history, it would kill his election chances on the spot.
8. 

   ConserveGov said, 7 months ago

   So I assume “fat cats” includes union bosses and trial lawyers that have bankrolled the Dems for decades.
9. 

   Justice22 said, 7 months ago

   @ConserveGov

   Huh?
10. 

    Radish said, 7 months ago

    I have heard people from several camps say so much money has disappeared it is as if a breakaway civilization is being financed.
11. 

    Ez2foome said, 7 months ago

    @Justice22

    You have to forgive ConserveGov. He’s blind to the truth and believes the Obama administration is guilty of creating everything he doesn’t like. ; – )
12. 

    walruscarver2000 said, 7 months ago

    @ConserveGov

    I keep hearing about unions but I keep seeing the Koch bros.
13. 

    Fuzzy Thinker (I) said, 7 months ago

    @Orthodox Catholic

    “… banksters OWN Washington DC. They say jump and congressmen…” The Frank-Dodd Regulations were passed by a majority of House and Senate. Banks hate these regulations.
    What is needed from Congress:
    1. Sales tax of 1% on all high volume Financial Transactions to go into a ‘Next Meltdown’ fund
    2. Payment of 9% capital gains tax at the time of Sale of Financial Instruments
    3. Reduce the allowed borrowing percent to buy Stocks and Oil Futures
14. 

    meetinthemiddle said, 7 months ago

    @Michael wme

    Once I said to my Republican broker that the actual loans were only about 10% of the problem and that the credit default swaps were 90% of it; his response was that the loans were only about 1% of the problem.
    
    The Wall St people were not innocent victims. Magnitar, JP Morgan, and Goldman conspired to make fiscal time bombs to bet against them, and made a lot of money doing so. To most rational people, that’s fraud.
15. 

    MortyForTyrant said, 7 months ago

    These people hold the USA (and the world) hostage. If you hit them they kill the economy. Bow to your new masters. Bow, I said!
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